30 things dumb firms do

businessman with his head on backwardstop consultants list the stupid stuff.

by rick telberg
the rosenberg survey

in the wealth of information in the 2018 rosenberg survey, the leading national compendium of financial and operating statistics for cpa firms, a host of consultants points out some of the things they see cpa firms doing right and wrong.

also: 29 things smart firms do
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are some of the wrongs. read more →

survey: clients rush for tcja answers

iceberg ahead: tax hazards hidden below the surface.

8 good reasons to call every client for a year-end review.

by rick telberg
卡塔尔世界杯常规比赛时间

thanks to the tax cuts & jobs act, the 2018 tax year has been unlike any other. cpas and tax preparers have been busy helping clients make, or think about making, a new menu of possible adjustments to their financial plans.

the questions started coming in even before the act was passed into law, and they haven’t stopped. in fact, as the end of the year approaches, the pleas for counsel are accelerating, according to a new survey.

read more →

29 things smart firms do

happy multi-ethnic business team with thumbs up in the officewhat the best firms already know.

by rick telberg
the rosenberg survey

卡塔尔世界杯常规比赛时间 finds a wealth of information in the new rosenberg survey, the leading national compendium of financial and operating statistics for cpa firms.

a host of consultants points out some of the things they see cpa firms doing right and wrong.

here are some of the rights.

read more →

redefining today’s firm

carrie steffen at www.g005e.com
steffen

clients, services and the partnership.

by rick telberg
the rosenberg survey

ask carrie steffen of the whetstone group where accounting practices are going in 2018 and beyond, and you’ll probably get at least three key issues that are being addressed at some forward-thinking firms.

more: the do’s and don’ts for a happy accounting office

  1. redefinition of client services and providing consistent services across the firm
  2. redefinition of business advisory services
  3. redefinition of the partnership model

read more →

breakfast with 卡塔尔世界杯常规比赛时间 authors

click to learn more | register

 dec. 6, new york: “bracing yourself for 2019, what you need to know”

卡塔尔世界杯常规比赛时间 authors becky livingston, hitendra patil, and ed mendlowitz will be peering into the new year and beyond when they headline a panel organized by the accountants club of america, dec. 6, at the penn club in new york, starting at 8 a.m.

register today  |  learn more

early-bird pricing ends nov. 30.

the panel, “bracing yourself for 2019, what you need to know,” will be moderated by michael cohn, editor-in-chief, accounting today. the penn club of new york is located at 30 west 44th street (between 5th avenue and avenue of the americas).

read more →

staff pay: problem or solution?

probing the roots of the so-called staffing crisis.

by rick telberg
卡塔尔世界杯常规比赛时间

lagging pay raises and a dearth of top talent appears to be contributing to astonishing turnover rates, recurring staff shortages, and even profit squeezes, according to a new 卡塔尔世界杯常规比赛时间 analysis.

related: retention, retention, retention  |  survey: getting staff up to snuff  |  tax shops cut staff by 10%  |  benefits, perks, and incentives: the happy-packs of employee satisfaction  |  salary survey: top skills getting top pay  |  survey: three reasons to be bullish on cpa firms  |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

accounting professionals have every right to expect excellent compensation. they work very hard, they need a huge body of knowledge, their ranks barely fill available jobs, and the firms that hire them are desperate to attract and retain them. it shows.

read more →

retention, retention, retention

source: accounting principals

four tactics for keeping the best talent, from a new salary survey.

by rick telberg
卡塔尔世界杯常规比赛时间

the three most important words in practice management today are

  1. retention
  2. retention, and
  3. retention.

more:  benefits, perks, and incentives: the happy-packs of employee satisfaction  |  salary survey: top skills getting top pay  |  deciding how to allocate partner income  |  accounting wages set new record  |  solve the partner comp problem  |

see more in pay & compensation and talent managment

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

high turnover has practically become synonymous with the larger public accounting firms, with turnover rates reaching as high as 30 percent. the aicpa top issues survey says quality staff ranks as the top concern for u.s. accounting firms, hitting number one for the first time post-recession in 2015, and among the top ever since.

read more →

busy season prep: 12 essential checklists

more than 50 items to get off to a good start.

卡塔尔世界杯常规比赛时间 research

planning for tax season is an important step in both optimizing profits and managing the professional liability risk associated with providing tax services,. pre-tax season training of personnel and proactive review of administrative procedures will improve efficiency through april 15th and beyond. 

part 1. what to do now… before the big rush

  • 4 ways to help clients prepare
  • 5 steps to review e-file requirements and processes
  • 4 ways to update engagement letter processes
  • 3 must-do’s to review client acceptance and continuance procedures
  • 8 steps to prepare the firm for tax season
  • 5 ways to help staff prepare for tax season

part 2. what to do during busy season

  • 11 items to cover in a pre-tax season staff meeting
  • 15 things to include in a control log
  • 4 things to remember when testing tax software
  • 8 things every tax preparer should do for each client
  • 4 ways to better plan for deadlines
  • 2 keys to survival

read more →

the radical cpa teams with botkeeper

vc-backed start-up targets accounting firms for growth.

jody padar, cpa, mst, principal of new vision cpa group and author of “from success to significance: the radical cpa guide” is partnering with enrico palmerino and the team at botkeeper, a new-age bookkeeping solution enabling accounting firms to expand and modernize their businesses.

the partnership was unveiled at the three-day quickbooks connect event in san jose, ca. padar presented on accountants day during a breakout session entitled “a new business model for cpa firms: how to bill $1m per fte.” shortly after, the new partners hosted a joint event titled “getting radical with botkeeper” which was streamed via facebook live.

read more →

mergers vs. clients: winners and losers

as firms pursue m&a at any cost, who’s taking care of the clients?

2008-2017: two years of slowdowns in organic growth rates signal a bevy of underlying problems. (rosenberg survey)

by rick telberg
rosenberg survey

golden and loerzel: problems in merger strategies

the many challenges tax and accounting firms face today can be daunting:

  • accelerating changes in technology (now reaching beyond blockchain to the frontiers of artificial intelligence)
  • staffing shortages (not just a rarity of professionals but too few up to speed on regs and tech)
  • a new generation (young professionals who expect flex time, time off, telecommuting, fewer hours, and similar perks and benefits)
  • an old generation (baby boomer partners working more years but getting older nonetheless)
  • increased competition crossed with ever-evolving marketing media (a battlefield unknown to people trained only in accountancy)
  • the evolution of auditing (or is it an ongoing revolution?)
  • new client opportunities (maximizing potential of niches, it service, consultation, etc.)

practitioners in firms large and small are doing their best to meet the challenges, but meeting challenges can divert energy and effort from actually growing a business.

and merger mania may be to blame.

read more →

benefits, perks, and incentives: the happy-packs of employee satisfaction

how cpa firms can muscle up in the war for talent.

by rick telberg
卡塔尔世界杯常规比赛时间

it takes more than a steady paycheck to attract new talent and keep good staff happy in today’s tight candidate market. but there’s a huge gap between what firms are offering and what top candidates expect, according to a 卡塔尔世界杯常规比赛时间 analysis of a new nationwide compensation study.

in a new survey of the most common benefits, perks, and incentives offered by companies and accounting firms, robert half, the nationwide recruiting agency, finds many tax, accounting, and finance employers are offering less than competitive benefits, perks, and incentives.

in a war for talent, you need all the ammunition you can get. accounting and audit firms work with high-caliber professionals. these professionals are looking for packages. salaries are a good start, but firms that want to attract and retain the best need to consider what really appeals to them.

what do candidates want and what are firms offering? here are the details:

read more →

salary survey: top skills getting top pay

public accounting starting salaries (robert half)

bonus checklist: five keys to winning the talent wars.

by rick telberg
卡塔尔世界杯常规比赛时间

the digital transformation of the accounting profession is creating a surge in demand for high-skilled, business-savvy professionals, and firms are clearly willing to pay top dollar for the best candidates, according to a 卡塔尔世界杯常规比赛时间 analysis of new research.

pay rates and headcounts appear to be rising in tandem at leading firms, according to data gathered by one of the leading recruiters in the business.

read more →