PCPS and AICPA Resources for Firm Success

1
PCPS and AICPA Resources for Firm Success

• Harold L. Monk, Jr.
• July 2006

2
Who is PCPS??

• The Private Companies Practice Section
• The AICPA community for firms
• Membership of approximately 6000 firms
• Our Mission- Making Practicing CPAs and their
  firm Successful
• PCPS activities bucketed under two major areas
• Creating resources and tools
• Representing to standards setters, and others who
  can influence how CPAs practice, the interest of
  small firms

3
PCPS Resources and Tools

• PCPS Firm Practice Center
• Newly launched website in mid-2005, new resources
• PCPS/TSCPA National MAP Survey
• Network Groups
• Small, medium, large up and running
• Succession planning line of products
• Staffing solutions
• Focus on staff retention

4
PCPS Resources and Tools

• Monthly Online Practice Management Forums
• PCPS briefs, newsletters, targeted communications
  via emails
• Technical Issue Alerts
• White papers, tools and special studies
• Top Five Map Issues Survey
• Discounts

5
PCPS Firm Practice Center

• Focuses on SMP needs by providing
• Tools and resources to help make firms successful
• Information on the latest PCPS products and
  brochures
• News on hot issues facingSMPs

6
PCPS - Firm Practice Center
7
(No Transcript)
8
PCPS/TSCPA National MAP Survey

• In 2002, PCPS co-branded with the Texas Society
  to revitalize the MAP Survey.
• Modeled around Texas 20 year history with the
  survey, PCPS brought it online and created the
  most comprehensive benchmarking information
  available to firms today.
• Using the comparative practice management data,
  firms are able to identify the strong areas of
  their practice and to understand better the areas
  in which you face challenges.

9
(No Transcript)
10
(No Transcript)
11
(No Transcript)
12
Network Groups

• A community of CPA firms sharing issues
  concerns.
• Organized by firm size,
• Meet with members of similar firms
• Develop contacts for life- camaraderie
• Share experiences, trade tips, learn from each
  others successes and mistakes and share in a
  great networking opportunity.

13
Network Groups

• Currently, there are four network groups
• 2 Small groups- (1 9 CPAs)
• 1 Medium (10 24 CPAs)
• 1 Large (25 49 CPAs)
• Meetings are held twice a year (Spring Fall) in
  locations around the country.
• Topics determined by group.
• Meeting costs are shared by the attendees
  travel expenses are the responsibility of the
  individual participants.

14
Succession Planning Line of products

• Securing the Future Building a Succession Plan
  for Your Firm
• Book and dvd
• CPE Group and Self Study Course Strategies to
  Protect the Value of your Firm
• Live webcasts Free to PCPS members (also
  available via archive)
• Positioning firms for Successful Transition
• Strategies to Facilitate Transition and Increase
  Firm Value

15
(No Transcript)
16
(No Transcript)
17
PCPS Staffing white paper
18
PCPS Practice Management ForumsSchedule of
Upcoming Forums in the Series(available and free
to PCPS members only)

• "Succession Planning for the One- to Five-Partner
  Firm"
• Joel Sinkin, Senior Partner at Accounting
  Transition Advisors
• July 14, 2-330 pm EST
•  
• "Strategic Planning"
• Gary Boomer, CPA, CITP, CEO of Boomer
  Consulting
• August 9, 1-2 pm EST
• "Developing Your Firm's Marketing Plan"
• Jennifer Lee Wilson, Co-Founder of
  ConvergenceCoaching
• September 21, 2-3 pm EST

19
MAP Top Five Issues Survey- Results 2006

• Succession Planning/developing future owners
• Finding and retaining qualified staff
• Marketing and practice growth
• Seasonality and workload compression tax
  complexity
• Fee pressure/pricing of services

20
Communications

• Practicing CPA
• PCPS Brief (e-news letter)
• PCPS benefit of the month
• PCPS Insiders Newsletter (past members)
• Letter from the Chair and VP (e-newsletter)
• Targeted emails/communications on the topics you
  need to know
• Interpretation 101-3
• Fair Labor standards, etc.

21
Other AICPA Small Firm Resources Available

• Financial literacy program
• Tax section and related online resources center
• Financial Planning section and online resource
  center
• AICPA marketing tool kit
• Small firm corner
• On AICPA website contains the information small
  firms want to know

22
(No Transcript)
23
(No Transcript)
24
(No Transcript)