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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#1 Way to Build a Strong Culture in Your Firm

#1 Way to Build a Strong Culture in Your Firm

I was recently asked:  What ONE change do you recommend that firms undertake to make their firm culture more engaging and attractive to the next generation leader? My suggestion: Get everyone on the same page.  Align the firm with partners

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The Mandatory Retirement War – A Reader’s Response

The Mandatory Retirement War - A Reader's Response

Last week, we received several comments to our post on mandatory retirement, evidence that this concept is indeed controversial. This week, let’s drill down further. Firms’ positions on mandatory retirement vary widely.  According to the 2016 Rosenberg Survey, 88% of

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The Raging War Over Mandatory Retirement

The Raging War Over Mandatory Retirement

Few topics today are more fiercely debated at local CPA firms than mandatory retirement. Here are the two camps: What’s-best-for-the-firm:  First and foremost, we need to think long term to perpetuate the firm. We need an orderly transition of clients

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Why Does it Take So Long to Make Partner?

Why Does it Take So Long to Make Partner?

Earlier this year Accounting Today published a very interesting piece of research titled The Long Path To Partner. The polling question was: how many years does it take to make partner at your firm? The results were: Less than 5

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