PAGE HEADING

By starting early on year-end plans, firms will have more-efficient busy seasons and will increase chances of hitting their goals. Management should update strategic plans in relation to market expansions, mergers and acquisitions, and medical, retirement and other benefits.

The guidance of a CPA can be invaluable in bankruptcy, from offering expertise in dissecting financial situations and ensuring adherence to bankruptcy codes to developing forward-looking strategies. Here are some multifaceted ways in which CPAs provide essential support to clients during bankruptcy.

A challenge is how a firm can satisfy the immediate needs of a client but also build a long-term relationship. It's important to remember that what often starts as a cold call can evolve into a strong professional partnership as well as a friendship.

CPAs can play a vital role in empowering their local communities to better understand their budgets. Every CPA possesses a valuable skill set — often hiding in plain sight — that can lend insight into a local budget.

Given that employers often rely upon their CPAs for guidance on compensation issues, it’s important to stay up to date on the key areas where employers often experience compliance challenges.