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  • Understanding SSARS 21 can pave the way to more advisory services

    Firms of all sizes are making advisory services an important revenue stream, based on the latest National Management of an Accounting Practice (MAP) Survey from the AICPA Private Companies Practice Section (PCPS) and CPA.com. To better position themselves as providers of higher-level advisory services to their clients, accountants should develop expertise…
  • Infographic: Tech drives growth in accounting firms

    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 This concern often leaves firms clinging to their previously purchased, outdated technologies and prevents them from reaching their greatest efficiencies.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…
  • 4 Strategies to keep up with tech changes

    As technology continues to evolve, it is difficult for every team member to keep up. Employers can help by implementing strategies to ensure that employees are proficient in and knowledgeable of new industry tech. The below strategies will guide a firm’s development of well-informed, proficient employees.  1. Where do your…
  • How to run quarterly roundups and use balance business scorecards at your firm

    By Rich Greene, CEO - Director, Clarus Advisors The great Yankee catcher Yogi Berra once said, “If you don’t know where you’re going, you might not get there.”  I am confident that your clients have strategic plans, business plans and budgets. I am also confident they are keenly aware of…
  • 3 top tech trends for public accountants to watch in 2017

    Kimberley N. Ellison-Taylor, chairman of the AICPA, recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead. But how are accountants supposed to keep up with all of the technological…
  • Everyday technology for everyday challenges at accounting and valuation firms

    By Melinda Crump, Sageworks Did you know that many of the daily maintenance and management activities in your firm can be handled more effectively with technology? And while the word “technology” itself sometimes sounds like a daunting challenge, good technologies are actually designed with the end user in mind --…
  • 10 Twitter accounts every accountant should follow

    Information overload seems to be an occupational hazard for anyone spending time on the internet these days, particularly on social media channels.  Coupled with the fact that new social media platforms pop up on what seems like a daily basis, it can be tough for financial professionals to sift through…
  • How to implement content marketing in your accounting firm

    By Bonnie Buol Ruszczyk, president and CEO, bbr marketing Everyone’s talking about it and most accounting firm owners have a sense they should be doing it, but what exactly is content marketing? In a nutshell, it’s a marketing paradigm that opts for providing something of value as a method of…
  • Is your accounting firm on pace to succeed in the future? Part 1

    A new report released by CCH suggests that pioneers and early adopters to new technology are best suited to succeed in the current accounting landscape. As a brief preface, let’s talk about the four main categories of adopters. First there are the pioneers; they are risk takers and first movers.…
  • Crafting Industry Strategies? Use this 7-step approach

    By Lauren Prosser, Director of Profitcents Consulting Services When coaching firms on crafting an industry niche-driven growth strategy, there are three critical questions that we work together to answer. In a series of upcoming posts we will address each of these questions in detail. The first step is to assess…
  • What are your firm’s priorities?

    Accounting professionals were recently surveyed by Sageworks to identify management issues that firms consider a top priority. In this post, Lauren Prosser, director of ProfitCents Professional Services, discusses 5 different categories most important to firms.  By Lauren Prosser If your CPA firm is like most, its biggest assets are the…
  • Tax season preparation

    Featured first in Accounting Today. Chris Frederiksen, chairman and CEO of the 2020 Group and a partner of ProfitCents, recently spoke with Accounting Today and suggested what accountants can do now to prep for a more successful 2013 tax season. Invest in a decent scanner. You can’t rely on someone…
  • Three ways to grow your accounting practice

    Most accountants this time of year are swamped meeting tax-filing deadlines, but once business slows down, do you know how to rev things up? Gale Crosley, founder and principal of Atlanta-based consultant Crosley+Company, offers these tips for growing your practice. She highlights ways that ProfitCents, Sageworks’ web-based financial analysis software…
  • Four Things Accountants Must Do to Keep up with Technology

    Luca Pacioli, an Italian mathematician and Franciscan friar, is widely known as the “Father of Accounting” for publishing 36 chapters on the double-entry accounting method used by Venetian merchants during the Italian Renaissance. His book, Summa de Arithmetica, Geometria, Proportioni et Proportionalita (which translates, “Everything about Arithmetic, Geometry and Proportion”),…