Practice Management

To help improve the management and operational efficiency of practices, especially small- and medium-sized accountancy practices (SMPs), this area is intended to help those managing practices to address opportunities and challenges; improve their competitiveness, profitability, and sustainability; enhance their expertise, competence, and efficiency; create an environment conducive to the provision of high-quality services; and showcase global best practices and latest practice management techniques. Read More

SMPs Are Using Technology to Shape Their Growth

by Samantha Mansfield, Director of Corporate Communications, CPA.com | September 19, 2016 |

Small- and medium-sized practices are turning to technology for ways to expand and enhance their practice models and services. Read More

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IFAC's SMP Research Insights
by Antoni Gómez, IFAC SMP Committee Member, Dr. Hajj Twaha Kigongo Kaawaase, Partner, Sejjaaka, Kaawaase & Co. and Giancarlo Attolini, Chair, IFAC SMP Committee | September 19, 2016 |

In this IFAC Gateway Roundtable Series, members of the IFAC Small and Medium Practices Committee discuss the challenges of attracting new clients, creating new services, and adapting to technological change–most importantly, how the data in the IFAC Global SMP Survey can help shed light on these issues. Read More

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Where Machines Could Replace Accountants—and Where They Can't (Yet)
by Paul Thompson, Consultant | September 6, 2016 | 1

Technology poses a threat to the accountancy profession as automation could replace much of the work accountants do, according to experts—the profession must accelerate its move into tasks and activities less susceptible to automation such as advisory services. Read More

3 Recommended

Choosing Your Successor Firm
by Joel Sinkin, President, Transition Advisors, LLC | September 2, 2016 |

Joel Sinkin, an expert in mergers and acquisitions in accountancy, provides guidelines about choosing the right successor practice/firm when you start to plan for your future.

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Tomorrow’s Firm—Think Big, Think Advisory
by Paul Thompson, Consultant | August 22, 2016 |

For many practitioners the busy season is over and it’s time to relax and reflect—reflect on what the future holds for our great profession and consider whether, and if so how, to grow the firm. This future might rest in building advisory and consulting services. This article looks at some steps a firm might take to go about this. Read More

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