Running a Firm (833)

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How Many Charge Hours for Managing Partners?

Most CPA firm partners ask the question a little bit differently. It goes something like: “We have X amount of revenue and Y number of partners, so how many chargeable hours should our managing partner have compared to the other partners?” And the next question usually is: “How big should the managing partner’s book of business be compared to the other partners?"

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Keeping a Practice Ahead of Consumer Trends

Check-Writing-SoftwareYou run to the corner store to pick up some milk. At the register, you pay with A.) Debit card; B.) Credit card; C.) Cash; D.) Check. How did you answer that question? I'll bet that most people responded with A or B. There could even be a couple that answered with C.

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Effective Business Valuation Report Writing

Rod Burkert, Burkert Valuation Advisors Business valuation services are among the highest-growing niche services among Top 100 accounting firms. One aspect of providing this service, however, is notoriously time-consuming and frustrating: Writing business valuation reports. At the same time, it's crucial that you produce a quality report, according to Rod Burkert, who teaches a course on business valuation report writing and who is founder of Burkert Valuation Advisors.

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Five Top Mistakes Rental Owners Make

Purchasing a rental property is a significant investment and what can be the start of a scary, but rewarding, adventure for many of us. We purchased our first vacation rental over 15 years ago in Colorado, and we needed the rental income to afford the property.

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Report: Making Work Flow Smoothly

Tracking paper through an accounting firm can resemble the historic search for the origin of the Nile River—everyone knows that information into the firm and comes out, but nobody is exactly sure how it finds its way from one end to the other. Processes can be a tangle of partner quirks and things that have developed by accident. Workflow cannot be that way if firms want to maximize profits. They need to determine how paper moves from one person to another and what tasks each performs. This special report discusses how modern software can provide a well-lit trail.

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Sabbatis Joins XCM Solutions

Mike Sabbatis, XCM SolutionsFormer CCH CEO Mike Sabbatis has been hired as COO of XCM Solutions. The company also named its VP of sales and marketing, Bob Locke, as chief revenue officer. XCM says the moves reflect its plans for expanding operations and said its second-quarter revenue was 121-percent higher than the corresponding period a year earlier.

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Sage Taps Warawa for Global Job

Jennifer Warawa, SageJennifer Warawa, who has led Sage's accounting program in North America, has been selected to head worldwide efforts. She took the new position this month after being involved with the Sage Accountants Network for several years. Warawa joined Sage in 2008 as director of partner programs, a position she held for two years.

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Sonderegger Leaves BNA

Dean Sondregger, Wolters Kluwer Law & BusinessDean Sonderegger has left BloombergBNA where he played a key role in that company's software program from more than 12 years. Sonderegger has joined Wolters Kluwer Law & Business as VP and GM of that company's Legal Markets Group. He was executive director of product management and marketing, software segment.

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Paychex Has "Best Selling Season"

Martin Mucci, PaychexPaychex had its "best selling season in seven or eight years," CEO Martin Mucci said this week. Mucci made his comments during the week's webcast for earnings for the third quarter ended February 28. He said referrals and sales were strong in all of the payroll company's channels in what was the strongest selling season since the recession began in 2008.

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Xero Names U.S. Accounting Head

Amy Vetter, XeroXero has named Amy Vetter as its first Head of Accounting in the United States. Vetter's position is one in which she is described as evangelist for accounting, practice management and supporting financial solutions. It is not one in which she is involved in the company's accounting department.

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