This question comes up again and again: value pricing or hourly billing in a CPA practice. Here is an article comparing the two by Lisa Tierney and posted by Terri Eyden in AccountingWeb: http://www.accountingweb.com/article/value-based-pricing-good-idea-professional-services-firms/222837 I have pretty much decided on a combination of fixed fee billing for tax return preparation and a form of value billing for most other services (such as meetings and other consulting services). Everyone has to look to themselves to determine what is right for their practice, but remember there are only so many hours in a day and and hourly billing puts a limit on your total earning power. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: What Does Make a Good Password?
More on how to create a good password for your personal data and financial information: Stanley Cowley talks about it in CNN Money and why not to use ” Password1″ as a gatekeeper to safeguard your stuff: http://money.cnn.com/2012/03/01/technology/password_security/index.htm?iid=EL So think up passwords that are long (I was at a security seminar that said it would take these machines at least 500 years to cycle through all the numbers, letters and symbols for a 12 digit password: according to a site I looked at it would take over 300,000 years for a regular desktop PC to crack it), have capital and small letters and at least one symbol so that your passwords are impossible to just guess; make your password internet security one less thing for you to worry about! For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: Create a Theme for a Prosperous and Meaningful New Year
It’s almost 2014, and at this time of year, it’s natural for us to pause and reflect on where we’ve been and where we want to go. For business owners, it’s especially important to raise our minds above the daily fires for a moment, take in some fresh air, and elevate our perspective. Creating an annual theme is an easy and fun vehicle to do just that. Deciding on a theme for the year will give you a focus and a new perspective on your work and your routines. It can be highly rejuvenating to look at things through the lens of your new theme. Ideas for themes are limited only by your imagination. Some possible themes include: Organizing, detoxing, or cleansing. Consider cleaning out your garage (or your office), upgrading your systems, re-designing your filing system, or going on a cleanse or a vacation or a retreat that will leave you feeling clutter- and worry-free. Growth. You might want to consider a growth-related theme, such as productivity or profitability. You might also want to develop a new skill such as learning a new language, developing your computer skills, or taking a philosophy class at your local junior college. Abstract [...]