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Navigating change management: How CPAs can master the art of adaptation

ThomsonReuters

Jump to: Identify the common barriers to change Overcome the barriers with communication Reframe the narrative Remember your clients Set the expectations for adaptation Running an accounting firm can feel like you’re constantly chasing changes. How do you master the art of adaptation? Let’s take a look.

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Managing strained accounting firm capabilities

ThomsonReuters

Is your firm among them? Rising client expectations , an ever-changing regulatory environment , and the ongoing war on talent have left many of today’s firms grappling with strained bandwidth. Unfortunately, this is impacting employees’ work-life balance and resulting in staff burnout. What is firm capability?

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7 ways to attract and win new tax clients

ThomsonReuters

Do you know what your clients and prospects want, especially in terms of communication? With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. 3) Boost your firm’s reputation.

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How to transform a disengaged accounting team

ThomsonReuters

Employee engagement is on the decline. Are members of your accounting team among them? A 2022 Gallup survey found that employee engagement in the U.S. experienced its first annual decline in a decade — dropping from 36 percent engaged employees in 2020 to 34 percent in 2021. What are the root causes of disengagement?

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7 Critical Success Factors (CSFs) of an Acquisition

M&A Leadership Council

In all, I believe there are seven critical success factors (CSFs) to achieve successful integration. Address the Leadership Issues While this article focuses on what I believe are the seven critical success factors for effective M&As, leadership is the most important. My simple response is….

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How to Sell a Manufacturing Business

Sun Acquisitions

If you know what to do you can cut down on the time-consuming process of selling a business. In this post, we present six steps to guide you on how to make the selling process smoother. With a seasoned broker in your corner, you’ll avoid some of the common rookie selling mistakes. 4. Market your Manufacturing Business.

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How To Conduct Due Diligence During Acquisition: Best Practices And A High-Level Checklist

Sun Acquisitions

What are some of the best practices to adopt when conducting due diligence during a business acquisition? In order to be successful with your due diligence efforts, there is a need for a strategic plan of action and a team of experienced professionals. Due Diligence Best Practice #1 Begin with a clear LOI.