why the next boom could be the worst thing that ever happens to accountants

and how you can avoid the pitfalls.

by rick telberg

as state and federal governments struggle against an ailing economy, many accountants are bracing for a new surge of work from new tax and regulatory changes. but all that new work for cpas may not be a good thing, according to one of the profession’s most outspoken iconoclasts.

ron baker, cpa, verasage
ron baker, cpa, verasage

“regulatory revenue windfalls have a way of driving profits too much,” says cpa ron baker, perhaps the profession’s leading evangelist for burying the billable-hour business model.

the expected flood of new business, he says, “will distract us from what’s really important. the important things won’t get done. people will become complacent again.”

read more →

delighting clients in busy season

what do accountants talk about when they talk about…? when 卡塔尔世界杯常规比赛时间 asks practicing accountants how they “delight” clients during busy season, one word pops up more than any other: “personal.” clearly, clients respond to “financial” “planning” “service” with “questions” … continued

survey results: accountants forecast better busy season this year

four benchmarks for competitive comparisons.

in new 卡塔尔世界杯常规比赛时间 research by bay street group llc, tax and accounting professionals are expressing cautious optimism for the 2011 busy season.

the survey, “busy season 2011 – plans and previews,” remains open and will continue gathering fresh responses for the next several weeks.

busy season 2011 – plans and previews
what to expect for 2011. what we learned from 2010.
click here: join the survey;

get the details and updates as they develop.

key findings (from initial topline results; may vary in final report):

  1. general outlook: almost half of respondents believe that the 2011 busy season will represent an improvement over their 2010 season; 35% expect it to be about the same; and 17% are bracing for worse.
  2. issues / challenges: the general economic situation, garnering attention from 62% of respondents, looms as the prime concern going into busy season 2010. last-minute tax code changes follows closely, within the margin of error, at 56%
  3. operational metrics: a majority of professionals foresee improvements in revenue , net profits, and the number of clients over 2010. many expect the number of clients on extension to increase.
  4. the economy: some 35% of accountants see their business improving while 48% see the economy continuing to deteriorate. on a score of 1 to 5, cpas give themselves a 3.23 confidence rating, while granting the nation only 2.52.

demographics:

  • professional sector: the vast majority (95%) of respondents work in public accounting.
  • size of office: most, 54%, of respondents work in offices of 2 to 10 persons, followed by 17% solo practitioners and 13% in offices with 11 to 50 persons.
  • title / position: the vast majority (82%) of respondents are c-level decision-makers (president, ceo, coo, managing partner, partner, cfo, controller, senior executive).

trust: the foundation of firm culture

four ingredients essential to team building.

jason blumer
jason m blumer, cpa, cfe, blumer and assoc. cpas

by jason m. blumer, cpa, cfe
thriveal+cpa network

building culture used to be an esoteric activity the dot-com companies, marketing agencies and cool startups thought about.  but building culture is just as important for cpa firms as it is for the next silicon valley success.  building culture takes a lot of work, is highly strategic at its core, and is done over an indefinite period of time.

read more →

dueling rankings: vault vs. accounting today on best place to work

click here for the cpa careers and hiring outlook: take the survey; get the results.

getting to the real issues.

a day after vault, the job-seekers’ research service, published it’s top 50 ranking of the best accounting firms to work for, accounting today released it’s own top 100 list. whose list is better? you can decide, but you’ll find a lot of the same names on both lists.

no doubt, workplace conditions play a huge part on accountants’ career decisions and in accounting firm competitiveness, but what does “a great place to work” really mean in this economy? that’s the key question we’ve been asking lately in a new 卡塔尔世界杯常规比赛时间 survey called “the cpa careers and hiring outlook – job satisfaction and retention benchmarks.” join the survey and get the results.

top 10 fatal flaws for cpa leaders

if you think you’re immune, think again.

the harvard business review has listed the top 10 fatal flaws that derail business leaders. while some may seem obvious, the study revealed something else about ineffective leaders that may surprise you: the worst leaders don’t even know it. in fact, those who exhibited the most negative behaviors often rated themselves very positively when surveyed. the findings parallel 卡塔尔世界杯常规比赛时间 research which finds that too many accounting firms suffer from a lack of skilled leaders.

here are the top 10, in descending order:

read more →

women say their financial advisors come up short

advisors need to understand the differences between men and women clients.

in what could be a wake-up call for accounting firms, a majority of women think that their wealth managers could do a better job of serving them, and nearly a quarter of them say that there is a “significant need for improvement,” according to a new global study by the boston consulting group.

the findings—released in a white paper titled “leveling the playing field: upgrading the wealth management experience for women” —are based on a survey of 500 women and more than 70 interviews with private-banking specialists and wealthy women around the world.

get the instant download: “upgrading the wealth management experience for women” (pdf, 12 pages)

the fact that women, as a group, are overlooked or undervalued belies their significance as wealth management clients. according to the study: read more →

grant thornton cracks college students’ faves list

gt joins big four on top 100 list of best places to work after graduation.

among business majors at 345 u.s. universities, google ranked highest as an attractive place to start a career, followed, in second place, by ernst & young, then pwc and deloitte. disney is in 5th place and kpmg 6th.

but the surprise this is grant thornton, whose recruiting marketing team won spot number 30 on the top 100 list

company ranking 2010
google 1
ernst & young 2
pricewaterhousecoopers, llp 3
deloitte 4
walt disney company 5
kpmg llp 6
j.p. morgan 7
apple computer 8
goldman sachs 9
nike 10
u.s. department of the treasury 18
federal reserve bank 22
internal revenue service 23
grant thornton llp 30

.

the results of the universum survey are used by talent marketers to understand how students perceive companies. the data suggests how attractive an employer is amongst students, and indicates a company’s position in relation to other ideal employers in the recruitment market. the rankings enable employers to track and set targets for measuring their level of employer attractiveness.

see the complete list of 100 companies here.

hewitt cites growing employee unrest

key morale indicator falls to 15-year low.

while the economy is slowly recovering, a new analysis by hewitt associates shows employee engagement and morale in the workplace are not.

the data show tax, accounting and finance organizations the importance of employee morale and engagement in creating a productive workplace.

read more →

accounting today names 2010 “best accounting firms to work for”

accounting today best firms to work fo 2010third  year in a row for the listing.

to qualify, companies had to be public or privately held u.s. accounting firms with at least 15 employees, according to accounting today. firms underwent a two-part survey process, the first part evaluating workplace policies, practices, philosophy, systems, and demographics; and the second surveying employees. best companies group managed the overall registration, survey and analysis process, and determined the final rankings.

the 2010 best accounting firms to work for, the list of the top 100:

read more →

vault names top 50 best accounting firms for cpa careers

top 5: deloitte, pwc, rothstein kass, marcum, and dixon hughes.

this year, vault said, firm culture, as opposed to prestige, emerged as the most important determining factor. in fact, 36% of all accounting professionals surveyed said firm culture was most important, while only 11% cited prestige as most important. the other top factors cited by survey respondents were: lifestyle/work-balance (14%), location (13%), compensation (5%) and training opportunities (also 5%).

read more →