Practice structure

While many midsized CPA firms strive to be well-managed, many fall short and revert to the loosely managed style of midsized law firms.

The consultancy has introduced a new growth-focused community for accounting firm MPs.

For my lunch with Jody Padar, I put together a list of the most important issues in running a CPA practice.

I don’t think that more than a quarter of the people who ever worked for me assumed “ownership” on what they worked on. The rest did their jobs well, delivered to us what we wanted, but we always needed to put that finishing touch on it.

Last month an accountant called me with a serious problem he had with his staff. It seems his two top staff people were not keeping him informed of what they were doing and the status of their work.

I was once asked, “Why is growth important?” My short answer was it comes down to perspective. Do you want your firm to be relevant and be a disruptor, or do you want your firm to be irrelevant and be disrupted? Without growth, your firm will certainly be the latter.

Many colleagues and clients get tangled in the daily merry-go-round that consumes much of their time while pushing aside creative, innovative and big picture thinking about their business, how they got there and where they are going.

Chris Geier has been watching what is going on at Deloitte and wondering who the next leader will be.

The New York-based Top 100 Firm has been undergoing some major changes since Harriet Greenberg and Frederick Berk took the helm at the beginning of 2017.

A battle over who should be Deloitte LLP’s next U.S. chief raises awkward questions about the governance of Big Four partnerships.

Peter Weitsen and I started our practice, MendlowitzWeitsen LLP, on July 1, 1988. My life has been enriched every moment of our partnership, which continues even now as part of WithumSmith+Brown, PC.

What happens when your firm isn’t clicking on all cylinders?

Focusing immediately on culture, strategy and building a ‘one firm’ model top the list.

Susan Malone will be the first woman to lead the firm in its 101-year history.

Outdated models and beliefs are holding firms back, says Michael Platt.

A managing partner is the heart and soul of a CPA firm who must do what needs to be done to ensure success.

The International Foundation of Accountants has released the fourth edition of its Guide to Practice Management for Small- and Medium-Sized Practices (the Guide) to help small and midsized accounting practices meet the challenges of the globalized digital world.

The most successful accountants remember what they worked on before when similar occasions re-occur.

Building a culture of accountability is critical for professional services firms.