Ed Mendlowitz

What exactly are bots and Botkeeper, and why is this of any interest to accountants?

Clients think about their businesses much more than accountants do about them.

Last week I spent parts of two days at the Accounting & Finance Show USA and, from what I could tell, it was very well attended and organized and the virtual meetings were held without any hitches.

Art of Accounting: KPIs for accounting firm owners

Every accounting firm website shows a full range of services, all with great descriptions. But who is actually driving those services?

About three years ago I was helping a client sell his business in what was a pretty typical negotiation for me. However, the client exhibited apprehension almost every step of the way.

I have always felt that if I do not excite clients, I have less of a hold on them and the relationship than I should.

Prepare an engagement proposal that lists exactly what you will be doing and the total price for the project.

The better planned the job is, the better organized it is and the better it gets done.

My practice continuation tool kit has a sample purchase agreement with explanations of each step of the process.

There are no undergraduate and very few graduate courses on advising clients that want to sell their business or who want to buy a business. When I started my career, there were no CPE courses either.

I am a strong proponent of partner retreats and offsite meetings.

Teaching provides an opportunity to give back by transferring knowledge, sharing experiences and offering a practical outlook to people who either will be starting their careers or are at mid career with a desire to advance further.

We need to excite clients, potential clients and staff. For this, we need marketing skills.

It doesn’t matter so much how smart you are or how well you did in school; the firm still needs to train you and get a feeling for your ability.

The problem for young people starting their careers is there is no one to really guide them and lead them forward.

I’ve been on a time travel merry go round since the end of May, as I’ve been emptying a self-storage warehouse with the goal to be out of it by the end of August.

The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.

Management of an accounting practice (MAP) articles and books offer a wealth of information, shared experiences, best practices and hard-learned secret sauces yet they are not taken advantage of by a large majority of accountants.

With the switch to remote work, new training methods are needed. Here are some things you can try.