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There is no “I” in success

Matthew Jones
Posted by Matthew Jones

By Salim Omar, CPA, President, CPA Marketing Genius, LLC There is no ‘I’ in ‘success’ but there is one in inspire, integrate and initiate. The day-to-day routine of coming to the office, typing away at the computer and eating the same chicken salad for lunch can become monotonous. This monotony can…...

Career paths after becoming an ABV

Sageworks
Posted by Sageworks

By Rachel Flaskey, CPA, ABV, CFF, CGMA, Vice President, Chartwell So you recently achieved the ABV (Accredited in Business Valuation) designation through the AICPA…now what?  An efficient way to start in the valuation profession is to find a mentor who is willing to review your reports and provide introductions to…...

4 Risk rating applications for credit unions         

Kathleen Cline
Posted by Kathleen Cline

Regulators expect that lending departments at credit unions not only assign risk ratings accurately and timely but also that they use them throughout risk management processes. In the Commercial Risk Rating Considerations eBook, Sageworks Advisory Services Senior Consultant Alison Trapp outlines five areas in which credit unions should consider using risk rating. 1.…...

Navigating 4 key CECL challenges for credit unions

Kathleen Cline
Posted by Kathleen Cline

In a recent CUES article, Terry Katzur, CCE, EVP/chief lending officer of ELGA CU in Burton, MI, wrote about how their credit union plans to prepare for the current expected credit loss (CECL) transition. “Like many credit unions, we at ELGA Credit Union—with assets of $543 million in Burton, Mich.—currently…...

When CPAs need to justify pricing for advisory services

Sageworks
Posted by Sageworks

By Bryce Sanders, President, Perceptive Business Solutions Inc. Ideal clients have complicated tax situations, but not enough time.  You help them, and they recognize your value.  Knowing that your client’s biggest asset is often their business, wealth management as a service offers the ability to cross sell to your clients. Yet,…...

Is your website helping you win valuation engagements?

Posted by Mary Ellen Biery
win valuation engagements

In a field such as valuation, where repeat work with the same client isn’t as common as it is for, say, tax clients, it is vital for firms to make ongoing efforts to keep the sales pipeline full. In fact, recent polls by Sageworks have found that attracting new valuation…...

Ready, set, grow your CPA practice

Matthew Jones
Posted by Matthew Jones

By Salim Omar, CPA, President, CPA Marketing Genius, LLC A garden will only be as abundant as the nutrients that it receives. This is a similar ideology I hold in growing my practice. The nutrients for growing a practice are finding innovative ways to market services, appeal to existing clients and…...

Infographic: Tech drives growth in accounting firms

Matthew Jones
Posted by Matthew Jones

A major concern for many firms is whether or not their technology investments will pan out. The big question is: “Will this expenditure return a profit for the firm?” This concern often leaves firms clinging to their previously purchased, outdated technologies and prevents them from reaching their greatest efficiencies. Because…...

Risk rating scorecards: 4 Key considerations for credit unions

Kathleen Cline
Posted by Kathleen Cline

Some commercial lending organizations leverage a scorecard risk rating system that assigns values to different inputs and then weighs those factors to calculate a risk rating score. The NCUA does not require credit unions to use a scorecard; however, they recognize the value that they may provide to credit unions.…...

Infographic: Optimize business valuations in your firm

Matthew Jones
Posted by Matthew Jones

Streamline the valuation process in your firm by focusing on these four areas of optimization: Maintain professional standards: Develop accurate workflow that follows industry best practices and provides quality valuations consistent with those provided by peers. One way to reduce risk while also saving time in performing valuations that meet industry…...