Cost-saving tips for small firms

Cost-saving tips for small firms - via Journal of Accountancy

Cost-saving tips for small firms

Cost-saving tips for small firmsFrom renegotiating contracts to hiring part-time staff, these suggestions can help boost the bottom line.By Samiha Khanna There are more ways to save money at a small firm than ordering bulk toner cartridges. Even minor tweaks to daily processes can increase your firm’s efficiency and, in turn, boost your bottom line. For Ashton Ferrin, CPA, of Park City, Utah, any expenditure must meet one condition—it has to benefit his clients. “I opened my own firm last year, and from day one, I’ve been very conscious about necessary expenses,” said Ferrin, a sole proprietor. “My practice is about service to the clients, not me. So my office expenses have been extremely low.” Ferrin built his own desk at Big...Read More

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