One area of CPA firm management that does not get enough attention is delegation of work to junior team members, which can otherwise invariably improve work efficiency. All levels are guilty of not delegating the tasks at hand, especially senior management and partners. This is precisely because there exists a natural tendency to not delegate […]
Paul Roy
Fostering Employee Engagement: Top 3 Secrets to a Happy CPA Firm
Do you run a normal accounting firm? If your answer is yes, you’re probably dealing with staffing challenges. Employee retention and attraction in this competitive accounting world can be an ongoing struggle. You’ve certainly experimented with remote work, flexible hours, bonuses, and shorter summer work weeks, but these solutions might not work for everyone. So, […]
Time Management for Accountants: Thrive in Your Accounting Practice
In recent years, I’ve heard many accountants express concerns about losing valuable clients due to delays in responding to their needs. I have heard, “I am worried about losing good clients because we can’t look after them in a timely fashion.” For instance, one of my contractor clients shared in a meeting last week that […]
5 Best Talent Management Strategies for Attracting and Retaining Top Staff
As a firm partner and owner, your leadership plays a pivotal role in attracting top talent and retaining them. Talent management, encompassing employee retention strategies and professional development opportunities, is key to nurturing and retaining top talent. Here’s how these factors can positively impact your organization and position it as a market leader. Professional Development: […]
Difficult Conversations: A Crucial Aspect of Accountancy
Accountants are well aware of the challenges that come with having difficult conversations with clients. These are the conversations in which you advise your clients to implement immediate changes in order to prevent potential losses. Similarly, when a client falls significant behind on payments, you may be compelled to discontinue your services. The truth is […]
Staff Retention Strategies: Thriving in the Changing Accounting Landscape
As a firm partner and owner, one of the most difficult challenges lies in managing people, both staff and clients. Over the past five years, the accounting world has seen significant transformations, and the pace of change is accelerating. Unfortunately, the number of available accountants, especially CPAs, is decreasing day by day. It has become […]