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5 Books Every Accountant Should Read During the Summer of 2018

Tax season is over and the time to pick up any of these CPA focused books is now.

Don’t you just love the summers, especially after a hectic tax season?   Since the busy season is over, what have you been doing to occupy your free time?  Are you attending events? Are you focusing on essential but often neglected activities? Are you headed off for a much-needed vacation?

Whatever you are doing, we hope you enjoy and rejuvenate yourself before the September and October tax season rush begins. One activity that relaxes us and takes us to an entirely different zone is reading.

If you are decided which book to pick up, well your search is over. We have curated a list of notable books specifically for our CPAs and accountants — perfect for a summer read. Have a look:

1) Disrupt Yourself: Putting The Power Of Disruptive Innovation To Work by Whitney Johnson

Have you noticed how companies fulfill an unattended need and create something for which a market doesn’t exist? That’s disruption for you! The process of changing the traditional way in which the industry operates for the better is called disruption.

This book talks about how human beings can innovate and do something astonishing. This fascinating summer read teaches the reader to how apply specific frameworks for building a new business, revamping a career, and initiating personal growth.

Do you want to disrupt and use that to your competitive advantage? It looks like the summer of 2018 is perfect for that!

2) Originals by Adam Grant

CPAs can benefit from the regular practice of taking a step back from their own experience to look at things from a fresh perspective, which is the main message of Originals. Grant’s book will help you to identify good ideas, build a network (so important for CPAs!), be more vocal, and to be fearless.

This book also throws light on those innovators, who despite having magnificent successes, failed at later projects. Yes, there are quite a few and as a business owner you will appreciate their grit and determination to dust themselves up and do something extraordinary.

3) Zero To One by Peter Thiel and Blake Masters

92% of CPAs think the accounting profession is not future-ready (it is a bit difficult to envision the future when technology is continually evolving). The stellar book teaches how a business can achieve excellence and create lasting value despite operating in an era of technological stagnation.

4) Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz

This book offers an alternative financial management process that may interest you if you are searching for a different approach to manage money. A traditional accounting formula is Sales –  Expenses = Profit. However, according to Michalowicz, it’s Sales  –  Profit = Expenses.

This bestselling book, written in layman’s terms, will give you practical tips to manage cash flow and to drive more profit for your practice.

5) True Professionalism: The Courage to Care about Your People, Your Clients, and Your Career by David H. Maister

This book is a boon for anyone who works closely with clients, and anyone who is new to the field. The core message of the book is to treat people right. It talks about how important it is to spend time meeting clients, understanding their goals and then applying your skills effectively to help them.

What’s the biggest takeaway from this book, you might ask? Well, real professionals are always looking to improve; they don’t strive for perfection! Do you?

Over to you

You are in one of the most dynamic professions in the world. So, get your engine revved up, brainstorm ideas, and prepare to throw yourself in a world of innovation and disruption, which will make your practice more valuable to your clients.

Laurence is a manager at QX Accounting Services & Founder of Accounting Leaders. QX Accounting offers outsourced accounting services, tax return preparation, bookkeeping and payroll compliance for small to medium sized accounting firms. Laurence focuses on freeing up small practitioners in order to get them to focus on growing their practice.

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