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The accounting world faces an impending obstacle: a shrinking talent pool for Certified Professional Accountants (CPAs). Firms have found...

In our deadline-driven profession, certain times of the year are off-limits for technology changes. Accounting professionals are busy...

Which comes first in your firm: technology or process? The answer is both. Most firm leaders recognize that technology is the engine that...

How we work has changed dramatically in many firms over the last few years. While some professionals continue to work in a traditional office setting, many work remotely and some take a hybrid approach. But one constant among nearly every firm leader is a concern for employee engagement. That concern is well-founded. After all, every firm is feeling the pain of the war for talent, and engagement is part of an effective overall strategy for employee retention. The good news i

by UpLink AI has the potential to dramatically improve both the speed and the quality of audits, but auditor judgment is still central....

Business development in accounting—or in any professional service for that matter—is based on developing contacts and cultivating...

In the dynamic business landscape of 2023, accounting and CPA firms face pressing challenges that require innovative solutions to drive...

There's no one "right" recruiting strategy. Every firm will succeed with different strategies because firms have different cultures and talent needs. Rather than trying to specify a particular recruiting path, I'm sharing five strategies you can use to improve your hiring results. Take note of these ideas and consider how to incorporate them into your recruiting toolbox. Branding In terms of recruiting, branding is positioning your firm as the best place to work for a targete

If your existing team doesn’t have the expertise to build the solution internally, you will need to invest in custom development. This...

It’s a fact: this year your firm will be in more danger of falling victim to cybercrime than it was last year. And although the topic can...

Compensation—particularly partner compensation—often leads to considerable debate in most firms. The discussion has only become more...

In uncertain economic times, many firms feel the need to take on any client they can get. Yet one of the biggest problems firms have is too many small clients. I've often compared it to being too busy picking up $10 bills when there are $100 bills on the table. Unfortunately, some small businesses don't survive, some have trouble paying for the services firms provide, and some people aren't willing to pay enough to make serving them worthwhile. How much time is your firm spen

Often, firm leaders discuss succession planning, they focus on the partner level. Which managers can they see leading the firm when the current partners are ready to retire? Unfortunately, that laser focus on partner succession ignores the importance of preparing people in other levels of the firm to advance in their roles. Everyone in the firm–at all levels–needs to think about how they're preparing the people beneath them to step up. Do you have a professional development

Your firm might consider building software to address a specific problem within a department. Your IT department is accustomed to...

Practically every accounting firm partner I know complains about wasting time in meetings. I suspect this is because many, if not most, meetings in an accounting firm are poorly managed. Improving meetings in your firm can increase performance and focus on solving issues rather than just discussing them. Discussion is essential, but resolution is what differentiates high performers. Some of the tips I provide you may already know. But the question is, are you practicing them?

ExpensiCon is this week and will take place in Puglia, Italy, from May 18 to 22, 2023. This invite-only retreat for accounting professionals is an annual event organized by Expensify, a global software company that empowers businesses and individuals with an expense management system and a business credit card. ExpensiCon will bring together accounting professionals and industry leaders from around the world to share ideas, network and learn about the latest developments in t

What do you think of the solution providers that deliver technology to your firm? Are they merely vendors that want to sell you products you may or may not want to buy? Or are they strategic business partners—a resource of knowledge and experience you can tap into when making technology decisions or working through process improvements? When we work with firms to ensure their processes are consistent, efficient and focused on client value, we encourage involving their solutio

If you’re in the accounting profession, chances are you’ve heard that artificial intelligence (AI) will impact your job in fantastic and scary ways. Across the profession, firms recognize the importance of leveraging technology to increase efficiency and reduce human error. However, for every positive headline about AI in the news, there are usually several negative ones warning of potential job loss. For that reason, firm leaders need to consider their mindset regarding AI a

Soon busy season will be over, and we’ll head into conference season, where firm leaders will hear about the latest and greatest tools...

The complexity and rate of change in the accounting profession today require firms to juggle multiple projects throughout the year:...