August 2016 Article Archives
2016 ACE Award Recipient Recognized in Baltimore
This annual award is presented by the CPA Firm Management Association (CPAFMA) and has been awarded to some of North America's most experienced and respected administrators since its inception in 1989. The ACE Award -- which stands for Achievement, Commitment and Excellence -- was formerly known as the Accounting Firm Administrator of the Year Award. Former winners of the award have held titles such as firm administrator, director of ...
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Working with a New Managing Partner
A couple of disclaimers: I have been with my Firm for 31 years I have worked with six Managing Partners (we have only had two others including the Founding Partner in our 77 years in business) Today our Managing Partner is elected for a three-year term with a maximum re-election twice or a total of nine years (most have only served six years with the exception of the Founding Partner) Today we have 16 partners and a total staff of 80 ...
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Our Chair Says Thank You
As I begin my one year term as your Chair of the CPAFMA, I think it is appropriate to say “thank you” to a number of individuals. First and foremost, thank you to Jim Fahey, AAAPM, our Immediate Past Chair. Jim has served with distinction over the last seven years as Education Director, Treasurer, Vice Chair and Chair. Jim is a leader who has always kept our members and our association in the forefront, and we look ...
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Why Should Managing Partners Attend the NPMC?
It was several years ago when our firm administrator returned from the annual practice management conference put on by the Association for Accounting Administration. Upon her return she reviewed several of the sessions with me and some ideas that she had formulated while at the conference. Having implemented many ideas from the conference and with her encouragement I decided to attend the conference the next year. As a result, June ...
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Finding Balance Between Different Generations in the Workplace
In 2016, the millennial generation surpassed the Baby Boomers as the nation’s largest living generation. Last year, Millennials topped Generation X as the generation making up the largest section of the US workforce with approximately 33 percent of the US workforce being made up of 18-34 year olds. In a few years Millennials are expected to make up 50 percent of the global workforce. This means that without a doubt Millennials – and ...
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