Firm Management

New requirements create opportunity for firms that develop expertise in their consulting practices

The accounting firm of WeiserMazars LLP has announced that Joseph Strickland, Jr. has joined its New York City office as Director and will lead their Cost Segregation Practice.

Current market research studies indicate more than 50 percent of small-to-medium sized accounting firms plan on using cloud-based applications over the next few years. For companies with more than 50 employees, that number rises to 90 percent.

Most of us have read about “lean” processes increasing efficiency while reducing waste, and six sigma setting the highest standards for quality production, but these terms have mostly been applied towards large scale manufacturing environments.

Delegation is an important tool to help free up time, allowing us to focus on the things we do best and that add the most value to the firm. Unfortunately, however, delegation is a tool that too infrequently makes it out of the toolbox.

There are a number of strategies being promoted as the latest, easiest and/or best way to run your practice. Current thinking includes value billing, recurring flat billing, niche strategies, international, and so on.

The fascinating thing about an economic downturn is that it often gives computer users a glimpse into the souls of the vendors they rely on for their software and information.

Forward-thinking firm harnesses the power of leading cloud-based tax solution to ease the pain of tax season…and beyond