how the ‘new firm’ was born

where the roots of ‘radical’ cpas originated.

by jody padar
the radical cpa

i started to use this newfangled payroll software that worked through the internet.

back then they didn’t call it the cloud. it was just payroll software that used an internet browser. it solved my business problems of preparing paychecks, paying taxes and filing tax returns for my customers. the technology was paycycle, a cloud-based payroll software.

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the roots of ‘radical’ cpas

young businessman thinking, software icons in thought cloudhow the ‘new firm’ was born.

by jody padar
the radical cpa

i started to use this newfangled payroll software that worked through the internet. back then they didn’t call it the cloud. it was just payroll software that used an internet browser. it solved my business problems of preparing paychecks, paying taxes and filing tax returns for my customers. the technology was paycycle, a cloud-based payroll software.

more radical cpa: the first 3 questions i should have asked before starting my own practice

paycycle (which has since been acquired by intuit) fundamentally changed my firm and my life. all of a sudden payroll became one of the most profitable areas of our firm. it also became a catalyst to selling and packaging our other core services.

it was the beginning of something bigger.

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back to the future: staff shortages re-emerge as top worry for cpa firms

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a sign of economic recovery and increased competition.

bringing in new business and finding top-notch staffers to handle anticipated growth are emerging as the new, most pressing challenges for cpa firms today.

with a rebounding economy, the aicpa says in its new pcps “top issues survey” that client retention, which had been a significant concern for firms in the 2009 survey, has been overtaken by a tilt toward growth issues.

“finding qualified staff” was a top issue from 1997 to 2007 for all but the smallest firms, but disappeared entirely from top 5 lists in 2009. now it’s back.

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revenues on the rebound for most u.s. cpas

billing rates and partner incomes gaining strongly.

most cpa firms are reporting some measure of revenue growth, according to one widely followed survey obtained by 卡塔尔世界杯常规比赛时间.

“and while the profession has yet to rebound to pre-recession levels,” the authors say, “it is steadily gaining momentum.”

furthermore, the smallest firms appear to be the biggest winners, with 33% growth in net client fees per professional and per partner.

the report includes data and trends on:

  • increase in net fees
  • fees per partner
  • net remaining per partner
  • average partner billing rates
  • average partner compensation
  • utilization rates
  • paid time-off
  • firm technology
  • online technology

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