Firm Management

Thousands of firms are working through the succession and retirement of senior partners and deciding along the way whether or not they can pull it off internally and stay independent. The single most important factor for success is what we see when we look over our shoulder – is the bench of people there to succeed us? It is that simple but for many firms building that bench has been a daunting task.

I'm a constant believer in fate. Things happen for a reason; there is a path we move along in life that is waiting for us to discover. I'm also a believer in taking control of your life and helping yourself move along that path, looking out for yourself, and making sure obstacles don't deter you from the direction you are meant to pursue. While those two philosophies might seem to be in conflict with one another, and perhaps they are, they can also coexist in the harmonious symphony that forms the music of your life.

There is a lot of interest, discussion and action taking place around client accounting and advisory services these days. Firms are recognizing the opportunities offered by advances in technology and cloud accounting systems. However, it’s not the technology platform driving this movement, rather firms’ desire to transition from a trusted technical advisor to a trusted business advisor. Before you even get into the discussion about which cloud accounting platform is right for your firm and clients, you must first ask if your firm is prepared to play above the line.

This year is the year of delivery for many new hardware and software products. Which are ready for production? Which should be implemented first? You know that every technology does not need to be implemented.

You know (you might even be) the type: "I know it looks messy but I know where everything is!" There are those whose desks and workspaces look almost vacant - like no one could possibly work there because every surface is bare.

When I started my accounting career as a Deloitte tax accountant, we were each expected to choose a niche. I wanted to focus on agriculture clients, but it seemed the Chicago area didn't provide enough to keep me busy in that area, so instead I found myself getting the small business clients, and in particular, […]

Two prominent accounting firms on New York's Long Island will join together beginning June 2, 2014. Combined, the two have more than fifty years of experience and the newly formed firm of CondeBoyce, LLP will unite the small business startup expertise of Mario Conde, CPA, formerly partner in the accounting firm of Ambrico Conde CPA, LLC, with Joseph Boyce, CPA, whose consulting practice specialized in outsourced CFO services for hedge funds. CondeBoyce, LLP is slated to become one of the leading full-service accounting firms in the New York metropolitan area. The company offices are located in Jericho, Long Island and New York City.

CCH has launched a new online research tool called “Quick Answers.” The system features more than 2,000 answers to questions most often researched in IntelliConnect, CCH's research platform for tax and accounting professionals. In addition, the company is previewing CCH IntelliConnect Direct, a new universal platform research tool that provides clear and intuitive access to a wide variety of federal, state and international tax and accounting questions right when users need them.