Firm Management

business retreat

July 4, 2016 

5 Tips for Successful CPA Firm Partner Retreats

Retreats are not intended to be a walk on the beach. Effective retreats address tough issues. A healthy amount of conflict and disagreement serves as evidence that the group is addressing important, sensitive issues. Firms that adhere to these ...

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June 29, 2016 

Paperback Version Of “Next-Level Accountants” Now Available

The paperback version of Next-Level Accountants: Your guide to growing a firm of trusted advisors is now available. The book that brings together top accounting and valuation industry thought leaders to provide advice on how firms can add value to client engagements and grow their practices. Just in time for summer reading, the book is now...…

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June 28, 2016 

Illinois CPA Society Awards 34 Accounting Scholarships

Each year, The Society and The CPA Endowment Fund provide about $185,000 in financial support and outreach assistance to qualifying students who are working towards becoming CPAs. ICPAS scholarship programs are funded by contributions to the CPA ...

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June 28, 2016 

5 Ways Managers Can Improve Performance Reviews

Performance review meetings can bring stress to both sides of the table. But it doesn't have to be that way. With the right planning by supervisors, the meeting can be a productive, stress-free event. Business Management Daily's Editorial Director ...

 Keys to Profitability That CPA Firms Overlook

June 24, 2016 

Keys to Profitability That CPA Firms Overlook

Partner income percentage is impacted much more by staff-partner ratio than by innate profitability. Many partners have a rule of thumb that 33% is an acceptable partner income percentage, and that to be truly profitable, 40% or more should be the ...