Running a Firm (823)
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Serving the Start Up
- Wednesday, 28 April 2010
- Running a Firm
- Written by Bob Scott
The Calendar Challenge
- Sunday, 25 April 2010
- Running a Firm
- Written by Edi Osborne
For thousands of years, scientists and religious leaders introduced, modified, and later abandoned hundreds of different calendaring models. People take calendaring very seriously. Wars have been fought over the appropriate association of time and measure. There are a few calendars that are still actively referred to in today’s society; such as the astrological, lunar, Gregorian, Chinese, Balinese, Islamic or Jewish. All these calendars have three things in common, a start date, a means of measuring time in various and cumulative units, and an end date. The units of time may correspond to earthly occurrences, like seasons or astronomical changes. Or they may be very arbitrary based on a governmental or religious edict. Conflict over calendars continues even today. There is one fringe group that seems to still struggle with defining their calendar; the accounting profession. I believe it is the profession’s undefined calendar that often gets in the way of taking on new initiatives and advancing toward their goals at the same rate as other businesses. Here’s why . . . Read more...
Portals Emerging as Information Hub
- Thursday, 15 April 2010
- Running a Firm
- Written by Bob Scott
Client portals are becoming a lot more than a place to post document. Vendors are revving them up as places to distribute invoices and collect payments, to blast out client information and to provide access to hosted applications. More immediately, they loom as a way to deal with state bans on emailing sensitive application. And the process is moving ahead very quickly.
Top Trends for Small Accounting Firms in 2010
- Thursday, 08 April 2010
- Running a Firm
- Written by Hugh Duffy MBA
With small accounting firms coming out of a tough tax season, we thought now would be an appropriate time to look ahead for the balance of 2010. This article looks at economic trends, accounting industry dynamics and social trends in analyzing what's ahead.
Getting Naked – OK Not Quite
- Tuesday, 23 March 2010
- Running a Firm
- Written by Edi Osborne
If you have ever read any of Patrick Lencioni’s books then I know you are already a fan. But if you aren’t already familiar with Lencioni, his latest book, “Getting Naked” might be a great place for you to start. The book will likely evoke a very passionate response from you. In it, Lencioni talks about the three fears that can sabotage client loyalty.
Document Management Expands Its Reach
- Wednesday, 10 March 2010
- Running a Firm
- Written by Bob Scott
Not too long ago, there were not only separate applications for electronic tax filing, there were separate companies selling those products. A little further back, tax preparers had to pay separately for laser printing functionality for their tax software. So how much sense does it make to have separate applications with document management, workflow and client Internet portals when the use of documents is common to all the products?
Read more...CPAs as Aggregators
- Thursday, 04 March 2010
- Running a Firm
- Written by Ken Garen
The Oklahoma land rush the result of the opening of a choice portion of Native American territory in Oklahoma for settlement, which set off one of the most bizarre and chaotic episodes of town founding in history. The land rush started at high noon on April 22, with an estimated 50,000 people lined up to claim their piece of the available two million acres. By the end of the day, both Oklahoma City and Guthrie were cties of around 10,000 people in half a day. In Oklahoma City. Much like the Oklahoma land rush of 1889, accountants are now having a once-in-a- lifetime opportunity that is guaranteed to change the landscape of financial business forever.
Read more...Tax Research: Revolution or Evolution?
- Wednesday, 24 February 2010
- Running a Firm
- Written by Bob Scott
Just how big a change does it take to meet the needs of tax researchers as technology evolves? One answer was suggested last year when CCH introduced IntelliConnect to replace its Tax Research Network. There have been indications the transition has been rougher than CCH would like and the company has put out three quick enhancements, starting in the fall.
Read more...A Passion a Day Keeps the Doctor Away
- Friday, 19 February 2010
- Running a Firm
- Written by Edi Osborne
Passion, and the biochemical release it facilitates in the brain, reduces stress and is shown to improve your overall health. Amazingly, it has a similar effect on those who cross your path. Now put the words Passionate and Accountant together in the same sentence and you have a formula for healthier people, businesses, firms, and the economy. Bottom line: if you are not passionate about what you do, if you don’t spring out of bed with enthusiasm for the day ahead, you have to ask yourself, “what ‘s missing?”
Workflow Applications Grow into Process Management Systems
- Wednesday, 17 February 2010
- Running a Firm
- Written by Bob Scott
In the second year of using the workflow system from XCM Solutions, the Red Bank, N.J.-based accounting firm WithumSmith+Brown has taken a system that was used in firm-wide test during the last tax season and has implemented it throughout the firm, wherever there are documents and processes to track. "Every job a staff person puts in is the system," notes partner Jim Bourke. "We mandated that all jobs, financial statements, tax returns, whatever the work product is going through XCM so we can track workflow." Read more...
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