“The Times They Are A-Changin’”

Many may forget this song title by Bob Dylan, or even forget the artist, but probably no one would disagree that the business and economic world is changing at an even more rapid rate. The interesting thing is that he released his hit song under that title in 1964, but the lyrics are as true … Continue reading

Aging Population Translates to Practice Development

The needs of aging baby boomers represent big opportunities for CPAs. There are 10,000 boomers hitting retirement age each day, and they need help in a lot of areas, which translates to practice development opportunities. Over 13% of the U.S. population will be 65 by 2020, and more than 16% will be over 65. By … Continue reading

4 Key Traits that Will Propel Your Career

We are fortunate to work with a lot of CPA firms. As a result, we hear day in and day out about the many challenges they face. The number one challenge right now for most firms is succession planning. If I had a nickel for every time I heard a firm ask about getting the … Continue reading

How to Write an Irresistible Job Description

Competition for talent today is tough. If you have an open job position, you don’t just need a great job description, you need an irresistible one. Your job description is ultimately a sales piece that can make or break the viewers willingness to apply to your position. Here is how to make your job description … Continue reading

Excel-Based Dashboards

Excel-based dashboards are powerful and here to stay.  For many years, this was a bit of a dark art.  While there are some very clever tricks in creating dashboards in Excel, dashboards are not difficult to learn. Dashboards became popular a number of years ago.  George B. Blake is credited for realizing that long paper … Continue reading

Using LLCs for the Farm Operating Entity

Background We recognize that there are a great variety of structures and entities used for farming businesses. A common pattern is to retain the land in individual ownership, and lease that real estate to an entity that holds the operating assets (grain, livestock and machinery). If properly structured, the entity provides liability protection for the … Continue reading

Reducing Fraud With Technology

Introduction The statistics are everywhere and they are startling – fraud continues to run at epidemic levels, not only in the United States, but also across virtually all countries. In fact, according to the Association of Certified Fraud Examiners 2012 Report to the Nations on Occupational Fraud and Abuse, the typical organization loses approximately 5% … Continue reading

Nonprofit Financial Management: Critical Competencies, Knowledge, and Tools

Nonprofit Financial Management: Critical Competencies, Knowledge, and Tools June 17, 2013 at COCPA Dan Chenoweth This is one of my favorite seminars to teach because, generally, the participants all have some sort of role in a nonprofit organization and are so willing to share good ideas.  We are all in this together, trying to do … Continue reading

What’s the Difference Between a “Certified Public Accountant” and a “Public Accountant?”

Anyone can be an accountant—certified or public—but the qualifications, education, and scope of work is drastically different between the two. Public accountants If someone is good with numbers, can run QuickBooks or other bookkeeping software, or enjoys accounting in general, they can be an accountant. Public accountants, or people who work in the “accounting department” … Continue reading

Align Marketing And Technology To Improve Your Firm

By Eric Benson Marketing and internal technology have, in the past, been two departments that were adversarial in many companies.  The gap was easy to define.  Marketing was full of art professionals who used feel to improve the image of the firm.  Technology was full of logic minded, security and data focused professionals that were … Continue reading