{"id":133405,"date":"2024-11-06t12:00:13","date_gmt":"2024-11-06t17:00:13","guid":{"rendered":"\/\/www.g005e.com\/?p=133405"},"modified":"2024-11-08t18:50:11","modified_gmt":"2024-11-08t23:50:11","slug":"growth-and-complacency-must-concern-accounting-firms-this-year","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/11\/06\/growth-and-complacency-must-concern-accounting-firms-this-year\/","title":{"rendered":"growth and complacency must concern accounting firms this year"},"content":{"rendered":"
<\/p>\n
be proactive and intentional.<\/strong><\/p>\n by tamera loerzel<\/em> while i could list many trends, predictions and thoughts, i think there are two important considerations to pay attention to over the next 12 months:<\/p>\n editor\u2019s note: every year, the 2024 rosenberg national survey of cpa firm statistics<\/a> asks the profession\u2019s top consultants two sets of questions:<\/em><\/p>\n <\/p>\n in addition, the noise from the m&a activity and private equity funding along with continued capacity and pipeline issues, velocity of emerging technologies, and other business model transformation needed, many leaders freeze with inaction. those who delay or stop investing in developing leaders; hr and other operational roles; ai, rpa or other technologies; and more will be left behind.<\/p>\n <\/p>\n this year, it will become even clearer those firms that have vision and strategy for the next five years and are sharing it with their team members, clients and the market regardless of what that strategy is. uncertainty and lack of transparent communication causes fear and uncertainty in your team. firm leaders need to unify around their vision and strategies, whether it\u2019s merging, taking private equity funding or remaining independent, and communicate it and engage all stakeholders in their role for moving forward. and, if firm leaders are still undecided, be authentic and transparent about that, too, and share what your leadership team is doing to come to a decision and create a clear vision for the firm\u2019s future.<\/p>\n the last 12 months have continued to be strong with client work and demand for new services, despite the uncertain market and political climate. some firms have reported a \u201csoftening\u201d on capacity in certain service areas and at specific levels, yet some staff, and most managers\/senior managers, are still feeling squeezed. partners share that they are burnt, too, and don\u2019t have the time to work on practice growth or people developing, with some even taking early retirement so they don\u2019t have to continue on the path they are on.<\/p>\n firms have made strides in solving the capacity challenge by hiring non-cpas or client service coordinators to manage the client workflow and communications as well as other tasks that don\u2019t require an accountant, and by using alternative staffing providers, whether outsourcing, offshoring or fractional employees. however, there is more to go. firms that have made these moves need to do more and firms that have not ventured into these business model shifts and new ways to elevate all levels, including partners to work at their highest and best use, are going to continue to struggle. partners are challenged serving clients and addressing their increasing needs and retaining team members who expect more efficient workflows and processes, in-depth use of technology, and work\/life balance without the grueling hours the accounting profession has a reputation for.<\/p>\n","protected":false},"excerpt":{"rendered":" be proactive and intentional.<\/strong>
\nthe rosenberg national survey of cpa firm statistics<\/a><\/em><\/p>\n\n
\n
\n
more: <\/b><\/strong>solving staffing requires intention<\/a> | how accounting firms are handling the staff shortage<\/a> | the future of fees<\/a> | as private equity closes in, firms seek new answers to staffing problems<\/a> | when staffing falls short, clients get culled<\/a> | how accounting firms are dealing with retirement<\/a> | next five years are critical for accounting firms<\/a> | staffing turnover\u2019s down, but why?<\/a> | what\u2019s your firm worth? private equity wants to know<\/a> | the new pipeline: outsourcing and offshoring<\/a> | is this the last year of accounting\u2019s golden age?<\/a>
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/h4>\n\n
\n<\/a>
\nby tamera loerzel<\/em>
\nthe rosenberg national survey of cpa firm statistics<\/a><\/em><\/p>\n","protected":false},"author":1451,"featured_media":48468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5,3002],"tags":[],"class_list":["post-133405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-outlook","category-special"],"acf":[],"yoast_head":"\n