Category: Advisory
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“You said that…”
I notice that my practice is increasingly affected by client beliefs based on outdated information.1 This is especially true of clients who do not have ongoing advisory relationships. The reality is that what I said last year or even three months ago is likely not the best actionable advice now. This is growing into a…
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Cumberland County NJ bayshore real estate update
Short term profits and losses in the real estate market are primarily based on inaccurately valued information. Every buyer or seller has the opportunity to value real estate based on their own opinion. Most opinions are inaccurate. This the opportunity for short term profits (and losses). I expressed concern over local pandemic era home purchases…
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Minimum expectations for board members
In casual conversation today I mentioned to a business attorney that a board level project was on hold until I completed minimal due diligence checks on the company in discussion. He asked what I meant. I explained that a CPA is expected to verify certain information about a new business client. He seemed more confused.…
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Six transformative changes I’ve made to control costs in my accounting practice this year
Saving time and money are no longer goals, but necessities for small business survival. Accounting industry experts note that small independent CPA firms are a dying breed. This is a long term trend that accelerated over the past two years. Recent rapid increases in costs raised the threat to crisis level. These business pressures that…
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CPAs have a public image problem
CPAs have a brand image problem. The three words that the public most often associates with “CPA” are “accounting”, “audit”, and “tax”. Yet those words do not match the self-identity of any of the CPA firms I’ve known. We know our role as the most trusted strategic adviser for our clients. But we do a…