Practice Management

Articles

Build a virtual CPA firm in 5 steps
Follow these steps to build your firm with technology.

Build a virtual CPA firm in 5 steps [MNCPA]
Daniel Moshe, the CEO of Tech Guru, outlines how to free up your team to achieve greater productivity making the most of technology.

Filling the gap: Providing broader services to our senior clients [MNCPA]
A simple change to provide additional services to these individuals would be a sweet spot for CPAs because most other professionals (legal and investment firms) are not able to do so.

Keys to workplace happiness
Happiness at work is something nearly everyone wants, but it can be challenging to achieve.

3 ways new employee surveys can improve retention
Here are three ways that a new employee survey can support and even improve retention. Make sure to ask the right questions and analyze the results for action.

Client accounting services 101 [MNCPA]
Would you like to have a deeper relationship with your clients? Would you like to grow your business and its revenue, all the while having clients who are happy to pay for new and expanding services?

Eight steps for crisis communications planning [MNCPA]
The Oracle from Omaha, Warren Buffet, said it very well: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”

What does the future of the profession look like? [MNCPA]
Get insight and news from MNCPA leadership about the organization and professional issues.

Learning the ropes: A tale of attending client meetings with a mentor
Teaching less experienced staff members how to work client meetings is a win all around for the team.

Build a virtual CPA firm in 5 steps [MNCPA]
In this series, Daniel Moshe, the CEO of Tech Guru, outlines how to free up your team to achieve greater productivity making the most of technology.

Revolutionizing the pipeline meeting [MNCPA]
The pipeline meeting is not uncommon to CPA firms — and the recurring meeting with leaders within the firm can take on many variations.

Build a virtual CPA firm in 5 steps [MNCPA]
In this series, Daniel Moshe, the CEO of Tech Guru, outlines how to free up your team to achieve greater productivity making the most of technology.

Minnesota has a CPA exam ‘gender gap’ [MNCPA]
The gender gap in public accounting is real — and it is a significant problem for the profession.

Practice management in a smaller firm [MNCPA]
The foundation of the small firm itself is solid if the various aspects of practice management are in place, monitored and followed.

Advice from managing partners on leadership
If you are a new leader or a seasoned one, here is some advice for you. 

Don’t fire clients; serve them!
There are countless articles instructing CPAs to fire clients. They fail to appreciate that the client has a stake in the relationship. We should ask ourselves, “How does the client perceive us?” If the client perceived that she received value for the services, she would be more likely to pay the fees. From the client perspective, the equation is value received equals fees paid.

8 questions for entrepreneurial accountants
Ask yourself these eight questions to get your organization on track.

Calculated risks enhance clients' experiences
Changing the structure of the traditional accounting firm also enhances employees' experiences

Summertime: Time for a client-service tuneup
Clients of the future know more about the services and products available to them than ever before. They will demand more and pay more for the right services. In response, CPAs must learn new industries, technical skills, management techniques and client-service skills.

How might it be in 2023 and how to get there — part 2
The CPA profession is undergoing the most significant transformation ever in the next five-plus years! This is an exciting time for all of us -- at every level. It is also a time of concern for leaders as they make decisions about their firm's future direction.

How to identify your firm's competitive differentiators
How do you set your firm apart from the competition? Clear competitive differentiators are the key. Learn how to research various audiences, craft marketable messages and clearly state what you offer better than anyone else.

6 myths about contracting
Contractors are becoming a bigger part of today's workforce as employers are finding contractors more efficient and better fits for their business cycles.

Building meaningful value propositions for prospective clients
I hate to disappoint you but gone are the days of differentiating yourself on quality, service, timeliness, expertise or even your experienced people.

Do you have enough of the right referral sources to grow a practice?
Is your referral source network as strong as it should be? For many of you, the answer is probably no.

Engaging partners in the firm's future
Partners are the culture in a professional services firm -- what they believe, what they reward, what they do and how they do it determines what and how things get done. And, if they don't believe in what the firm is doing, they will never be effective role models who think about the firm first and actively bring the whole of the firm's services to their clients.

How might it be in 2023 and how to get there
Our CPA profession will undergo the most significant disruption and transformation ever during the next five-plus years! Take a moment to think about that statement. This is an exciting time for all of us -- at every level. It is also a time of concern for leaders as they make decisions about their firm's future direction.

Price your services right!
You needed to determine how to price your services to maximize your profits without alienating your clients.

Lessons learned from positive, negative encounters
On the topic of leadership, I reached out to 42 public Minnesota-based companies and 15 of the largest privately-owned Minnesota-based companies. My outreach yielded 29 conversations with CEOs and senior executives, many of which turned into 90-minute conversations.

Coaching employees who work in their slippers
A guide toward effectively managing your remote staff

Business Perspective: ADP [MNCPA]
Not an expert in technology or systems integration? You may need to become one if you want to deepen your client relationships, according to new research.

Business Perspective: Drake Software [MNCPA]
To learn more about Drake Software’s new accounting product, the Taxing Subjects Podcast invited Drake Accounting development manager Jay Eager to the studio for a chat.

Creating change with orange folders [MNCPA]
If there’s one universal truth in this world, it’s this: Creating change in an organization can be difficult.

In light of Lapidus v. Lurie [MNCPA]
Minnesota courts upheld a CPA firm’s noncompetition agreement with the firm’s former managing partner, carrying clear takeaways for firms in structuring retirement and noncompetition provisions.

New partnership tax reporting requirements [MNCPA]
The IRS is requiring additional information in 2018 partnership returns, some of which already have been filed and others have been extended to a Sept. 15, 2019, due date.

When it comes to independent study CPE, you don’t get to make the rules [MNCPA]
Learn about important news from the Minnesota Board of Accountancy. Monthly topics include rules, CPE requirements, CPA exam information, licensing, and more.

MNCPA Perspectives blog posts

Finding qualified staff: A new approach
Are we looking for the unicorn employee and then disappointed when one can’t be found? To help address the staffing challenge, each business should...

Keeping up with the pace of change
In Justin Trudeau's 2018 Davos address, he said the now-famous line, "The pace of change has never been this fast, yet it will never be this slow again."

MNCPA membership is half off

Saving 50% just makes cents, right? But the savings don’t stop there. Keep an extra $20-100 in your pocket on most seminars, conferences and webinars when you join the MNCPA. That’s in addition to members-only access to online resources, career tools and networking opportunities. 

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