will overtime lawsuits “reform” the big four?

entry-level auditors at kpmg win class-action certification.

a new york federal court conditionally certified a national collective action lawsuit that alleges that kpmg llp violated the federal labor laws by denying thousands of entry-level audit employees overtime pay.

“denying associates overtime pay is a problem among all of the big four accounting firms, not just at kpmg,” says attorney justin m. swartz. “we hope that this case, as well as audit, advisory, and tax cases against deloitte, pricewaterhousecoopers, and ernst & young will reform the accounting industry.”

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how to make your firm a success magnet

fligel

learn what it takes to attract the best talent and merger partners.

by robert fligel, cpa
rf resources llc

for many in the cpa business, organic growth is going to be very slow for the next several years. so, cpa firms seeking growth are:

  1. making strategic mergers or acquisitions, or
  2. bringing in new partners or groups of partners with strong books of business.

but how do you position your firm to be desirable to merger partners or new talent?

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6 steps to improving accountability in your firm

steve erickson

start with planning and coaching.

by steve erickson
steve erickson llc

improving partner and staff accountability is essential in these economic times.

review notes and backward looking evaluations might well have some influence on future performance but do not have any impact on what has already taken place. there is a better way to get to get your partners and staff to take ownership and agree to be accountable.

here’s how you can immediately improve accountability and performance in your firm: read more →

looking for a life? look past the big four

vault.com ranks accounting firms by “quality of life” issues.

leading the way was elliot davis, which took the top spot in four categories, with withumsmith+brown and deloitte each earning no. 1 rankings in three categories.

s&g financial services took the lead in two categories, and armanino mckenna, pricewaterhousecoopers, and rothstein kass each grabbed one top spot in this year’s rankings.

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clark nuber’s six proven ways to attract and develop talent [video]

maybe the 150-person firm in bellevue, wash., has found a winning formula.

[jwplayer mediaid=”12592″]

tracy l. white

clark nuber is consistently ranked among one of washington’s best places to work and the firm has an 88 percent retention rate. tracy l. white, sphr, senior director of human resources, shares insights into what it takes to build a dedicated staff:

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what do you mean they’re not my clients?

no, you don’t own your clients.

by jason m. blumer, cpa/citp
founder, thriveal +cpa network
chief innovation officer, blumer & associates cpas

jason m. blumer
jason m. blumer

i’m learning a lot these days. for instance, i’ve learned the value of where my real assets are found.

an australian colleague said he doesn’t call his clients “his” anymore.  that is, he has realized something that many of us in the business are slow to accept – your clients are not your property and you do not own them.  ouch.

why do i believe this?

before we hit some practical aspects to this truth, let me discuss the deeper reasons for this new belief.  with the accountancy revolution, i’m seeing that clients, or customers as i like to call them, have the freedom to make their own choices for their service providers. and i now believe this deeply.

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