Practice Management Archive

What is the true cost of outsourcing?

If you have considered outsourcing, you have probably wondered about the real cost savings your practice can make.

At Connect we understand that our clients need to be sure that...

After M&A, don’t let ‘Us vs Them’ thinking ruin the business

Our recent M&A Pulse Report focusing on accounting and financial advisory firms identified some major challenges with integration following acquisition of firms. Around 60% of firm leaders said that...

The Who, What, When, Where and Why of a Small Business ERP System

What is an ERP System for Small Business?

You’ve managed to avoid it for so long, but now it’s time to implement an ERP System for...

3 Tips to Give Your Team Time

Why corporate wellness programs don’t boost productivity (and three things that will) 

If recent new year’s resolutions of being fitter and healthier had you thinking of implementing or proposing a...

It’s 2019, let’s boost customer service as the Japanese do

Every year my family and I go to Japan. It is our home away home or, as one family member puts it, our home away from home-home. I...

Are we heading for a massive shortage of top quality, qualified accountants?

I regularly hear from accounting firm owners and managers of the difficulty of finding and retaining high quality qualified accountants. And in a recent global survey completed by IFAC,...

7 steps to effectively manage the scope and price of audit services

Audit and assurance services are increasingly under price pressure as audit firms compete for business. It can be a challenge not only to get clients across the line with...

Is Your Firm Committed To Supplying Advisory Services?

If so, have you claimed Crowd Sourced Funding Advisory Services as one of your specialities?  If you have… congratulations, but not many accountancy firms have done this, at this...

Why Cybersecurity Should be a Personal Responsibility

The Road to Security Starts with a Personal Obligation

Whenever we receive phishing or unsolicited mails or are attacked by a malware, we are quick to blame everyone else, including...

New revenue ideas for accounting firms in 2019

As the cost of doing business rises and AI and increasingly complex data systems remove much of the manual work associated with filing taxes, accountants are finding their profits...

2018 M&A Accounting Sector Report

Mergers and Acquisitions (M&A) remain the most popular method of corporate growth within the accounting and financial advisory sectors despite challenges.

Reasons for undertaking a merger or acquisition include:

  • An increase...

They’re Reliable, They’re High Margin!

They’re reliable, they’re high margin, they usually pay on time and, they always need your advice.

I’m talking about your medium-sized business clients.

For many accountants, these are the 20% of...

Decoding Accounts Payable and Accounts Receivable

Decoding Accounts Payable and Accounts Receivable

This article is not for you, but for you to share!

When you are using accounting terms every day, it’s easy to forget that...

Developing a Retirement Plan – increases your sale price

There is one obstacle in the way of a successful sale of your practice that might surprise you. It has nothing to do with your clients or staff....

How Xeppo is reforming the way finance firms work

If you work in the finance industry, chances are you’ve heard of Xeppo.  This clever piece of software is not the new kid on the block anymore, but it...

Advisory focus should be on medium business clients

“While many talented young staff may prefer advisory over compliance, too much time is going into promoting apps to small and micro business clients. Medium and large businesses account...

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