{"id":82367,"date":"2021-06-09t13:00:40","date_gmt":"2021-06-09t17:00:40","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=82367"},"modified":"2022-12-22t00:42:56","modified_gmt":"2022-12-22t05:42:56","slug":"is-advisory-a-priority-for-your-firm","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/06\/09\/is-advisory-a-priority-for-your-firm\/","title":{"rendered":"why accountants fail at consulting"},"content":{"rendered":"<p><b><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-large wp-image-37976\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-590x393.jpg\" alt=\"couple meeting with investment advisor.\" width=\"424\" height=\"282\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-590x393.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-290x193.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-190x126.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg 1600w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/a>the move requires commitment and resources.<\/b><\/p>\n<p><i>by gary bolinger<\/i><\/p>\n<p>most all cpas in public practice talk about transitioning away from traditional compliance services to offer more advisory services.<\/p>\n<blockquote><p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2021\/05\/19\/advisory-vs-low-value-clients\/\">advisory vs. low-value clients<\/a> | <a href=\"\/\/www.g005e.com\/2021\/04\/28\/what-who-leads-firms-to-better-service\/\">what + who leads firms to better service<\/a> | <a href=\"\/\/www.g005e.com\/2021\/03\/31\/make-disruption-work-for-you\/\">how accountants are profiting in disruption<\/a> | <a href=\"\/\/www.g005e.com\/2021\/03\/21\/ask-the-right-questions\/\">ask the right question(s)<\/a> | <a href=\"\/\/www.g005e.com\/2021\/03\/03\/seven-elements-of-engagement-for-cpas\/\">seven elements of engagement for cpas<\/a> | <a href=\"\/\/www.g005e.com\/2021\/02\/17\/a-rose-by-any-other-name\/\">true advisory work isn\u2019t just consulting<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2021\/06\/09\/is-advisory-a-priority-for-your-firm\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>when i have talked to firms in the past few years and i ask about percent of total firm revenues in a&amp;a, tax and advisory, the percentage for a&amp;a and tax constitutes a significant majority of total fees. but advisory alone is usually 10 percent or less.<\/p>\n<p>even then, those advisory consulting fees are generally closely tied to some aspect of compliance. so, i\u2019m not sure that i would really say that&#8217;s advisory. so, with all the talk \u2013 for maybe the last 20 years \u2013 about the need to grow advisory revenues, why are the revenues so low in relation to compliance services?<br \/>\n <a href=\"\/\/www.g005e.com\/2021\/06\/09\/is-advisory-a-priority-for-your-firm\/#more-82367\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><b><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-large wp-image-37976\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-590x393.jpg\" alt=\"couple meeting with investment advisor.\" width=\"424\" height=\"282\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-590x393.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-290x193.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425-190x126.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/10\/investmentadvisor_dollarphotoclub_59097425.jpg 1600w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/a>the move requires commitment and resources.<\/b><\/p>\n<p><i>by gary bolinger<\/i><\/p>\n<p>most all cpas in public practice talk about transitioning away from traditional compliance services to offer more advisory services.<\/p>\n<blockquote>\n<p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2021\/05\/19\/advisory-vs-low-value-clients\/\">advisory vs. low-value clients<\/a> | <a href=\"\/\/www.g005e.com\/2021\/04\/28\/what-who-leads-firms-to-better-service\/\">what + who leads firms to better service<\/a> | <a href=\"\/\/www.g005e.com\/2021\/03\/31\/make-disruption-work-for-you\/\">how accountants are profiting in disruption<\/a> | <a href=\"\/\/www.g005e.com\/2021\/03\/21\/ask-the-right-questions\/\">ask the right question(s)<\/a> | <a href=\"\/\/www.g005e.com\/2021\/03\/03\/seven-elements-of-engagement-for-cpas\/\">seven elements of engagement for cpas<\/a> | <a href=\"\/\/www.g005e.com\/2021\/02\/17\/a-rose-by-any-other-name\/\">true advisory work isn\u2019t just consulting<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2021\/06\/09\/is-advisory-a-priority-for-your-firm\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p>\n<\/blockquote>\n<p>when i have talked to firms in the past few years and i ask about percent of total firm revenues in a&amp;a, tax and advisory, the percentage for a&amp;a and tax constitutes a significant majority of total fees. but advisory alone is usually 10 percent or less.<\/p>\n<p>even then, those advisory consulting fees are generally closely tied to some aspect of compliance. so, i\u2019m not sure that i would really say that&#8217;s advisory. so, with all the talk \u2013 for maybe the last 20 years \u2013 about the need to grow advisory revenues, why are the revenues so low in relation to compliance services?<br \/>\n <a href=\"\/\/www.g005e.com\/2021\/06\/09\/is-advisory-a-priority-for-your-firm\/#more-82367\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":3864,"featured_media":81979,"comment_status":"closed","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":"129943,128216,134813,130736,130185,129835","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,1363,3120,3002],"tags":[214],"class_list":["post-82367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-featured","category-pro-member-exclusive","category-special","tag-consulting","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- 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