Practice structure

Many firm leaders are in denial and fall short of what’s required, and that’s the principal reason why so many firms can’t get to the next level.

Small and midsized CPA firms that are striving to stay independent need to avoid the potential “sand traps” that can stump their growth and eventually threaten their independence.

Currently the firm's chief marketing and strategy officer, Majchrzak will become the third CEO in the firm’s 30-year history and the first non-CPA to lead the firm.

Transition in CPA firms is a process that has passed the test of time and has been managed in good times and bad.

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list of top firm leaders to the end of the day Monday, July 20.

Setting partner compensation is an art and not a science. Show me your compensation plan and I’ll tell you your firm’s strategy.

The annual list recognizes top leaders from accounting firms across the country.

It's not just about higher status and more pay: There is plenty for new partners to know and do, and unfortunately many firms do not have any training for them.

PKF North America is uniting the transaction advisory and valuation practices of six of the firms in the PKF International network and forming PKF Advisory LLC.

One of the major challenges faced by many firms is creating a firm-first behavior model.

Just as air travel was never the same after 9/11 and lending was never the same after the 2008 financial crisis, working in an office setting will never be the same post-pandemic.

Do you have someone on your team who’s not flourishing and developing?

As the owner of an accounting firm, it is crucial to keep a strong direction for your practice and to anticipate and accompany growth.

Tax season can be one of your best opportunities or a miserable war.

As the trusted advisor, you need to assume the role of the point person, or integrator.

The California accounting firm's co-leadership model was put to the test in 2020.

Withum’s annual State of the Firm (SOTF) event, attended by over 1,000 Withum team members, was held at the New Jersey Performing Arts Center last Monday.

Marketing directors and partners at accounting firms share the same goal: advancing the firm’s brand and helping it achieve specific growth and profitability targets.

For years, accounting firms have relied on firm partners to use their personal and professional connections, charisma, and contacts to “make it rain” — to bring in new business and revenue that would enable the firm to grow and succeed.

There is considerable dysfunction in many smaller firms when it comes to management and corporate governance.