Cons with Establishing a Financial Planning Division

Financial planning

The problems practices encounter once they have established their own financial planning practice include: The accountant’s personality. Most accountants are not sales people and do not actually want to sell (which a lot of financial planning actually is). Lack of scale. A recent survey showed the average practice had financial planning revenues of only 4%…

Read More

Time Management

Dwight Eisenhower

Time management is the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. The Pareto analysis can be applied to time management. This is the idea that 80% of tasks can be completed in 20% of the disposable time.…

Read More

How Should I Structure My New Business

business structure

When clients come in to see me about starting a new business they have many different questions depending on the type and size of business they are commencing and their own understanding of business. One of the more common questions is; what type of entity should I use? There are several different entities, or business…

Read More

Defining Value Added Services

Value added services are a large category of services which meet one test – they actually add value in some way or form to the client. The common value added services include tax planning, profit improvement, business development, and succession planning. Types of value added services Value added services that an accounting practice can provide…

Read More