Educating Business Owners about Tax Deductions.
Its ok to take a break!
Nothing makes me happier than receiving an email from a firm owner saying: "I am out of the office with no access to email until (date)" Yes, its okay to take a break. Even better, it is necessary to take a break and a REAL break. Not a beach vacation where you lie...
Colleagues vs Competition
The Power of Collaboration! I truely believe that we can work together and help each other. My fellow CPA's are my colleagues and not my competition. There is plenty of business to go around and we all have different styles, different values and different offers. A...
Assess your business risk
I have been working with several clients over the past week who are experiencing significant business risk - which leads to significant stress. What risk? Well, one client has 25% of their revenue coming from a single client. I think we can all agree, that is risky....
What do you do BEST?
I see so many firms who want to do everything and be everything to everyone. It is not possible to be GREAT at everything. Good, maybe. In my experience, if you want to have a profitable firm with a team of A Players and duplicable systems, then keeping your service...
Design Processes BEFORE Implementing New Software
I had a long and somewhat heated discussion with a client yesterday who is pushing me to "pick a software" for them. I pushed back. We must complete our system process and be clear about how data and work flows in our firm BEFORE we select software to support those...
Promote from Within?
Have you done a deep dive assessment on each of your current team members? Did you use an outside consultant to help you with this assessment? In my experience, we are too close to our team to do an impartial objective assessment. You may have some golden nuggets...
The answers are in the numbers – or ARE they?
Most recently I have been working with three clients on their people power. We have been reviewing each team members numbers over the last twelve months. These numbers, ratios and graphs will show us each team members productivity and hence "value" to the...
Is now a good time to sell my firm?
I Is now a good time to sell my firm? I get asked this question a lot! My answer is the same for buying or selling a home or getting married or having children or getting a dog (any of lifes big decisions!) - is now a good time for you? There is no "rigfht time" for...
Have you every had a team member steal from you?
Unfortunately over the last week I have heard about 2 former clients who have suffered losses at the hands of dishonest team members. Significant losses. Both successful business owners, same result. Wow. I immediately wanted to blame the economy or remote working but...
Under extreme pressure – mistakes happen?
Many professionals claim that they work best under extreme pressure and up against a dealine. Hmnn, I have not found this to be the case. In my experience, the higher the pressure and the closer we get to deadlines, the more mistakes happen. What are your experiences?...