{"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":"
<\/a>the move requires commitment and resources.<\/b><\/p>\n by gary bolinger<\/i><\/p>\n most all cpas in public practice talk about transitioning away from traditional compliance services to offer more advisory services.<\/p>\n more: <\/b>advisory vs. low-value clients<\/a> | what + who leads firms to better service<\/a> | how accountants are profiting in disruption<\/a> | ask the right question(s)<\/a> | seven elements of engagement for cpas<\/a> | true advisory work isn\u2019t just consulting<\/a> when i have talked to firms in the past few years and i ask about percent of total firm revenues in a&a, tax and advisory, the percentage for a&a and tax constitutes a significant majority of total fees. but advisory alone is usually 10 percent or less.<\/p>\n 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’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?
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