Dog Days of Summer: Don't Let Risk Management Take a Vacation
Although summer days may feel more relaxed around the office, it’s important to stay vigilant about your risks. Summer ‘down time’ provides extra time to take a holistic look at your risk profile, without disrupting peak workloads. To get you started, this month’s issue features some considerations to help you navigate unforeseen risks in your practice and your life.
Preparing a practice continuation agreement
As featured in the Journal of Accountancy
It’s not something we like to think about, but have you considered whether your spouse, child, other family member, or colleague could navigate your business if you are no longer here? This article covers steps to help you execute a practice continuation agreement (PCA) with another CPA to help you plan and prepare for the unimaginable.
Long-term disability coverage helps protect your paycheck if you’re unable to work due to an illness or injury. It can help replace a portion of your earnings when you have a disability that lasts for a long time. Learn how coverage can help protect your financial future.
Having appropriate quality controls in your business can not only help reduce the risk of an error or omission, but it can also benefit your firm’s reputation. Take a read of this enlightening article for a quick overview of quality control, where firms have quality deficiencies, and what you can do to raise the bar on quality.
Summer’s less busy period is a good time to evaluate your client base and say goodbye to undesirable client relationships. This article provides some practical steps to help you through the client termination process and reduce potential risks that come with it.
Taking some time to understand your homeowners policy can help you ensure that your home and belongings are adequately protected. This article covers frequently asked questions and provides some clarity around what typically isn’t covered by homeowners insurance.
