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Practice Management Resources

We've got everything you need to run a small accounting practice — and useful information for firms of any size. Check below for members-only resources and education on succession planning, health care, sexual harassment and other human resources issues.

Practice Management Resources

Are Valuation Multiples Meaningful or Murky?

We’ve heard so many stories over the years from owners and executives who have heard bankers say a company’s valuation multiple should be “eight times earnings before tax, depreciation and amortization (EBITDA),” while their accountant said it might go “as low as six times EBITDA” in the industry.

Trends Report: CPA Firms Hiring More Non-Accounting Graduates

Among the key takeaways from the American Institute of CPAs' (AICPA) 2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report ( Trends ) is that the hiring of non-accounting graduates by CPA firms rose markedly over the last two years. View the full

How Firms Can Better Support Women in Networking

Business development is a critical requirement for anyone hoping to make partner in most CPA firms. Today, candidates can no longer simply put their head down and work hard if they expect to make it to the corner office. They have to prove they can convert networking opportunities into new business

Are Remote Workers a Cybersecurity Threat for Businesses?

As work-life and technology continue to evolve, a growing number of small business owners find themselves adopting remote work policies or “WFH” perks. However, their employees, who use company platforms and networks in popular locations such as coffee shops and airports, are more susceptible to the

Colleges Dive Into Big Data Education

Some Virginia colleges and universities are creating ways for accounting students to get the data analysis skills they need to succeed in the workplace. By Chip Knighton The random sample isn’t necessarily going away, but it’s no longer the absolute standard for audits. Big Four firms and others

AICPA, NASBA Form Coalition to Protect Licensing Standards

The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have helped found the Alliance for Responsible Professional Licensing (ARPL), a new coalition of advanced professions focused on educating policymakers and the public about the importance of

12 Tips for a Smooth Cloud Implementation

By Christopher Stark President & CEO Cetrom Most of us remember Benjamin Franklin for his common-sense sayings and wisdom. And, when it comes to cloud implementations, Franklin offers insight that is spot-on: “By failing to prepare, you are preparing to fail.” Preparation takes many forms when

VBOA/NASBA CPE Audit Tracker Service Frequently Asked Questions

UPDATE: As of Aug. 6, 2019, courses taken with the VSCPA are syncing properly and should be reflected in the tracker. We are also aware of issues with duplicate events in the tracker and are working on a solution with NASBA. In May, the Virginia Board of Accountancy (VBOA), in conjunction with the

How to Do Strategic Planning Like a Futurist

I recently helped a large industrial manufacturing company with its strategic planning process. With so much uncertainty surrounding autonomous vehicles, 5G, robotics, global trade, and the oil markets, the company’s senior leaders needed a set of guiding objectives and strategies linking the

7 Ways to Take Advantage of a Summer Slowdown at Your Firm

Summer is a blissful time of year: Longer days filled with sunshine, road trips to the beach, and more time with family. But it can also be a tough season to be an accountant, particularly an independent one. Summertime usually means things get a little slower — clients take vacations and put things