firms to watch: clayton & mckervey surges with “razor-sharp focus”

but that “razor-sharp focus” can cut two ways.

c&m specializes in clients with cross-border needs. but ifrs experience can be hard to find

we first reported on the detroit-based local firm with global reach last year (in “28 firms win aam awards“) and again last month (in “firms to watch: clayton & mckervey surges with ‘razor-sharp focus.’

now the prolific and insightful dona dezube writes about the firm’s recruiting strategies at jobsinthemoney.

what kind of recruits is the firm looking for?

read more →

cpa recruiting on campus: an inside look

shelley-032908.jpgaccounting student shelley (pictured) is blogging through the cpa firm recruiting process. and, she’s having a ball!

she’s joined the professional program in accounting at texas a&m (class of ’09) at college station. it means she’ll stay at a&m an extra year, but graduate with a bs and a masters. read more →

scrap gaap? pwc chief pushes ifrs

pwc executive says changing standards will improve u.s. competitiveness

dennis nally (pictured), pricewaterhousecoopers u.s. chairman, called for a shift in accounting standards away from u.s. gaap toward international financial reporting standards (ifrs).

in his speech, nally urged members of the financial executive institute to embrace the rapid and often disruptive changes brought about by globalization as an
opportunity to address systemic problems that impact america’s long term competitiveness. he argued that global economic and cultural integration coupled with the rapid growth of emerging economies will demand more engagement and cooperation from the united states, citing the transition of accounting standards as a prime example. read more →

new york cpa society battles big firms

nysscpa_logo.jpgyou’d think that every cpa would be on the same side in this fight.

but just as the new york cpa society, led by ceo lou grumet, nears a compromise with state lawmakers to advance mobility, some of the biggest firms say they want more, threatening the deal grumet has crafted. read more →

rebate-seekers boost h&r block traffic 8%

hr_block_logo.pngkansas city, mo. – h&r block inc. (nyse: hrb) today reported tax season results for the interim periods march 1 -15, 2008 and nov. 1, 2007 – march 15, 2008.  excluding lending-products-only clients, economic stimulus package (esp) rebate filers, and the impact of an additional day due to leap year, retail clients served were estimated to be up 3.6 percent and 1.3 percent, respectively, over the prior year.total reported retail client growth for the march 1 -15 period was 8.2 percent, of which approximately 4.6 percent was related to esp filers.  on a year-to-date basis through march 15, total reported retail clients grew 3.3 percent of which 1 percent is estimated to be related to esp filers and 1 percent is due to the additional leap year day.

the reported increase in net average retail fee for the march 1 -15period was 2.3 percent, but would have been approximately 5.8 percent without the impact of esp filers.  on a year-to-date basis, the reported increase in net average retail fee was 5.5 percent and would have been approximately 6.5 percent without esp.

esp filers are individuals who would not otherwise be required to file an income tax return, but who are filing in 2008 in order to be eligible to receive rebate checks under the esp program.  the company is offering special low fees to esp filers, which affects calculations of average fees.  in addition, determination of which clients are esp filers is also subjective, which affects the precision of retail client growth percentages.  the numbers set forth above reflect the company’s best estimate of client growth and average fee adjusted for the impact of one-time esp filers as well as the impact of leap year.

digital clients served were down 4 percent in the march 1 -15 period and down 6.5 percent year-to-date through march 15, representing a slight improvement from a decline of 6.8 percent for the year-to-date period ending february 29.

h&r block plans to release interim results through march 31 for its u.s. tax operations on april 14, 2008 before the nyse market open.

bean-counter bubble?

is sarbanes-driven growth over at big four firms?

“there are projections for layoffs at several big four firms based on the amount of work they’re getting,” said michael platt, of platt consulting group. “the east and west coasts would both be hurt (and) we’ll see more junior people laid off. there will be some aggressive offers coming from the next level — the second-tier firms.”

top three drivers for more firm mergers

why the end of busy season spells a new round of dealmaking.

by rick telberg
at large

at one time, you could count on busy season to provide respite from mergers, acquisitions and talent snatches among cpa firms. but not this year.

robert fligel (pictured) at rf resources, the new york-based cpa firm broker and headhunter, reports that, unlike past busy seasons, this busy season is busier than most. “my theory is that it might have something to do with more partners looking at the slowing economy as a time to sell while other forward thinkers are thinking growth by acquisition,” fligel says. read more →

affluent move to social media

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if you’re looking for high-net-worth clients, you should be looking at places like facebook and linkedin online, according to this emarketer report. the number has surged to 60% this year from 27% last year.

“while some in the luxury industry are still debating e-commerce, search and banner ads, the majority of their customers have leaped into the online dialog,” said milton pedraza, ceo of the luxury institute. the study noted that, on average, affluent web users in the u.s. are members of about three online social networks and have 110 online connections through these sites.

so what are you waiting for?

i’ll see you on linkedin, here.

cpas find friendlier workplaces

eight in 10 report employee-centric hr policies.

by rick telberg
on careers

listen to the podcast, recorded by bill sheridan at cpa success. 

finance and accounting employers are among the most progressive in american business with all but a few adopting leading-edge employee-centered human resources strategies.

to be sure, no single staffing strategy stands out as a remedy for today’s understaffing and workplace morale woes. but that’s not stopping accounting firms and finance departments from trying anything they can think of.

the human resources strategy aimed at achieving a reasonable work-life balance appears to be gaining ground, according to a new 卡塔尔世界杯常规比赛时间 study. read more →