Major accounting franchises are taking a toll on small, local accountants, forcing them to wage a price war rather than focus on quality. Over 1/3 admit that return preparation fees average under $130. Tax franchises and software continue to undercut local practitioners in terms of prices. They enjoy an economy of scale that allows them… (0 comment)

By Cesar Bacani at CFO Innovation At the 4th CFO Innovation Indonesia Forum in Jakarta, the Asia Managing Director of a workflow management consulting company was in a pensive mood.     “One might think that as long as humans trade with one another, we’ll have something like the invoice,” he said. “But in reality… (0 comment)

Marketing accounting services requires a focused plan to ensure adequate growth rates. Practitioners using focused “rainmaker” plans are posting annual growth rates of 20% or better. The most recent study from Practice Builder Publishing, conducted through an online poll, reveals that 41% of small local accountants are experiencing annual growth rates of less than 5%.… (0 comment)

This post was inspired by The Heart of Conversion Rate Optimization – ‘Net Features – Website Magazine and an analysis of Daniel Kahneman’s book, Thinking, Fast And Slow, as excerpted by the Central Intelligence Agency (CIA).   [postgopher name=”pg001″] My favorite book, that I have never been able to finish, is ‘Thinking, Fast and Slow,”…

[postgopher name=”pg001″] After about 20 years in business, Cutsforth Inc. hit a burst of growth that called for more intensive financial oversight. But the company, a maker of generator parts that started in Grand Rapids, Minn., didn’t want to pay for a chief financial officer.   “We were small, and my mom did all the… (0 comment)

Tom Herman, over at the Wall Street Journal posted an interesting question recently, asking “Why April 15 Has Lost Its Claim as ‘Tax Day’” Tom explained that the continuing saga of when the last day to file taxes came on a plethora of matters. Most notably what day of the week April 15 came on… (0 comment)

[postgopher name=”pg001″] Recently, one of my mid-western subscribers called to talk about the loss of one of their major clients to another CPA firm across town from them. My client had discovered that their client was leaving to take advantage of another firms service which, to my subscribers surprise, was one which they offered, and… (0 comment)