The IRS Mess

The IRS Mess

CPAs nationwide are outraged, frustrated and fed up.   The  U.S. government’s revenue collector is in chaos and no solution is imminent. CPAs representing their clients can’t reach IRS agents by phone and spend hours dealing with inexperienced and over-taxed

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Merger NDAs: Don’t Sweat the Small Stuff

Merger NDAs: Don't Sweat the Small Stuff

The issue:  In a merger where each firm signs an NDA, there’s a  provision that precludes the buyer from soliciting the seller’s clients, with language similar to this: The parties agree that during discussions relative to a possible Transaction and

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10 Ways to Retain Staff- Guaranteed!

10 Ways to Retain Staff- Guaranteed!

Since the dawn of the accounting firm, retaining staff has bedeviled partners. High turnover limits growth and hinders succession planning. Turnover has numerous causes. Some are out of our control— (i.e., staff find they are not cut out for a

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Unintended Consequences

Unintended Consequences

Sometimes people and organizations launch a new philosophy, policy or approach with the best of intentions, but fail to consider an unintended consequence that threatens to negate the purpose of the original initiative. Here’s an example. When CPA firms give

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The Real-Time Accountant

The Real-Time Accountant

If you’re a CPA and you are serious about being the firm of the future, you should read Rob Nixon’s Remaining Relevant:The Future of the Accounting Profession.  Rob is CEO of Panalitix, an Australian-based firm that uses cloud software to

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