TAX & ACCOUNTING
H aving worked with tax & accounting practices since 1998, and prior to that working as an attorney in a very similar set-up, Ciara MacMahon, CEO of Phase Two Management Consulting, has successfully boosted revenues of accounting practices by 3 – 4X, while allowing the owner to take more time out of the practice. Practice owners are faced with endless deadlines and the challenges of managing workflow, finding the right staff, staff training as well as securing the acquisition of quality new clients! They are also often tasked with the not too pleasant responsibility of imparting bad news regarding taxes due, that the unprepared client is unhappy enough about, to oftentimes ‘shoot the messenger’!
Structuring the practice to be able to withstand these challenges and get far enough ahead of them to not only allow for expansion, but less stress and more time off for the owner, is routinely achieved by our strategic planning and consulting program. As no two practices are the same and each owner has his own vision for what he/she wants, the first step is a Planning Session to work out the owner’s goals and a strategy to obtain them, in the fastest time period, and for the highest return. To schedule your one on one complimentary practice analysis and consultation, email Ciara MacMahon at email@example.com today.
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Services Provided to expand Accounting Practices:
- Strategic Planning, customized to each practice so you have your own 3 – 5 year Business Plan
- Infrastructure -Efficiency/time management training, systems and processes
- Team Building - gaining agreement/buy-in from staff resulting in increased billings
- Staff performance review/management
- Fee Structure - how best to structure service offerings/packages/fees
- Exit Strategy – some of our clients have sold practices to other clients of ours, so having a lot of contacts in the accounting industry, has helped clients out with buying for growth, as well as selling for exit strategy
"Having experience in sales and running accounting practices, we were a little skeptical working with Phase Two. Ciara however, quickly alleviated our concerns by helping us increase our top line recurring revenue by 15% in just two months and reducing the amount of time we spend running our practice!! If you're looking to build a framework for long term revenue growth and more free time, look no further."
Ciara has been a great resource over the past year, as my firm has had major growth. She has been everything from psychologist to strategist to boots-on-the-ground recruiter. Ciara has helped me stay accountable to myself on my goals, avoid irrational decisions, and counselled with me on the correct next steps so I can proactively stay ahead of growing pains. I highly recommend her for anyone looking for a steady, guiding hand as they grow their practice.
“I just opened my own CPA practice a little less than two years ago. What is unique in my situation is I had over twenty five years of experience as a manager and employee of small CPA practices. I met Ciara and we decided to work together to help me develop a better administrative structure, and a better marketing plan to help me achieve the type of growth I wanted to achieve for the practice. With Ciara’s guidance, I began to focus my efforts on my strengths, streamline my internal processes and more aggressively market my practice. She helped me see the value of social media and numerous other marketing techniques. She has superior knowledge on how small accounting works and knows what is needed to make the jump to the next level. My practice has grown with her guidance to the point I will need to hire help for the upcoming season! There is no doubt her guidance helped me get there. I recommend her services to anyone!”
“Ciara provided me with business management and development advice over the years that enabled me to more than double my CPA practice and finally sell the practice as I move into retirement. Her assistance has been invaluable ”