Running a Firm (833)

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The Importance of Controls to Small Business

Good internal controls are essential no matter how small the company for many valid reasons -- fraud prevention, embezzlement detection, accurate financials, the potential to go public and a Sarbanes-Oxley (SOX) compliant customer requiring it, are all reasons to follow good internal control practices. Implementing controls into the financial accounting software alone is not enough to ensure compliance -- it takes people power too.

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Tips on Connecting with Prospects

Dale Carnegie may have been the first person to say that people buy on emotion by saying, "When dealing with people, let us remember, we are not dealing with creatures of logic. We are dealing with creatures of emotion, creatures bristling with prejudices and motivated by pride and vanity." Read more...

Selecting the Right Talent

I was speaking with a client last week about how they make their hiring decisions. They indicated that they had just hired a person and it had come down to two candidates. I asked how they made their decision on which one to hire and they remarked, "It was a bit of a coin toss". Read more...

Seven Tips for Advising Small Business

We celebrate the forming of our nation on Independence Day and we honor veterans on Memorial Day. Did you know that it wasn't until 2011 that President Obama designated November 19th to be Entrepreneur's Day. Better late than never but doesn't it strike you that entrepreneurs deserve a lot more recognition?

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So You Want To Own A Business?

You can't get any more boring than Al Terrisio. Al is the President and owner of Ultimate Controls. This is a real guy and a real company, but I'm changing names here. I'm not sure he would want to be the subject of this piece. Please understand - Al's a very nice guy. A good family man. Reliable. Honest. But boring. Read more...

Avoiding Small Business Tax Pitfalls

trap artEnsuring you don't fall victim to these tax traps will help you avoid hefty IRS fines, whether you're just starting out or running your business day-to-day.

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Social Media's Importance to Accountants

Today, social media is playing a bigger role in how consumers make decisions about whether to buy a product or service. Social media provides a platform for everything from their initial research to asking for a referral from a trusted source to reading reviews about your product.

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What Motivates Your Employees?

Employee artA March 2011 survey of U.S. workers conducted by polling firm Harris Interactive on behalf of Plateau Systems showed that 69 percent are either satisfied or very satisfied with their employment. Yet 74 percent indicated they would consider leaving their job if approached with a new offer." So how engaged are you and your team? Read more...

Field Trip for Trusted Advisors

Last week we took a field trip. Not to the chocolate factory. Not to the zoo. This was a "business" field trip. I have always been a huge proponent for letting fledgling accountants have more client contact. I believe the more they can relate to the end consumer of their hard work, the more pride of ownership they will have. I also believe that in order for these young people to become true trusted advisors, they need to understand not just the financial performance aspect of a company, but all performance aspects.

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Changing a Problem-solving Approach

Are you waiting to find the perfect tool? I am obsessed with office supplies. Especially organizing materials - like the the ones that come in bright colors and cool patterns at the Container Store. As a hopeless piler and accumulator of paper, I am on a never-ending search to find the perfect container that will finally make me organized. Read more...

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