analysis: local firms worldwide are losing the wars for talent and for clients

getting new clients tops the list of chief concerns for local firms worldwide. but the staffing shortage surges into second place. via ifac

the eight moves smart firms are making today to win tomorrow’s battles.

by rick telberg
卡塔尔世界杯常规比赛时间 research

does the tax and accounting profession have a role to play in global peace, harmony, and understanding?

you may think so, based on a new 卡塔尔世界杯常规比赛时间 analysis of a global survey of small, local, and mid-size accounting firms.

the study paints a picture of a global community of local firms with shared aspirations, expectations, challenges, and opportunities – despite (or perhaps because of) rising nationalism, protectionism, and conflicting political regimes.

more on talent managment: global tax talent shortage mounting into ‘perfect storm’  |  accountants without borders: tight talent pool drives salary increases nationwide  |  how to create a talent management strategy |  survey findings: talent wars, m&a frenzy continue  |  why job descriptions matter  |  how to develop home-grown future leaders  |  new staffing strategies for the next-generation accounting firm

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in fact, the research finds that the talent shortage plaguing unites states firms is now turning into a global problem. that is, by no means, a good thing. but it is another item all firms across the globe can share in common. and it is another chink in the armor of the so-called traditional business model of the owner-operator accounting firm because most of the issues flow from two overriding factors: rampant under-pricing or owner greed (or both) that fails to build up capital reserves for re-investment in the business, and the lack of access to other sources of funding.

it’s enough to make us wonder if solutions to global problems are beyond the ability for individual nations to solve alone. instead, multi-national worldwide strategies may be required. maybe that’s part of the reason the american institute of certified public accountants is rebranding itself as the association of international certified professional accountants (still, just the “aicpa” to most).

but today, owning, operating or working in a perfectly “average” firm is not necessarily a sign of success. instead, “average” seems doomed to obsolescence in irrelevancy – and on a global scale never before seen in the profession.

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survey results: firms face staff turnover tsunami

how to beat the staffing crisis: join the survey. get the answers.

by rick telberg
卡塔尔世界杯常规比赛时间 research

the accounting industry may be on the verge of a seismic shift. the results of a new 卡塔尔世界杯常规比赛时间 survey of job satisfaction and personnel retention indicates a mounting tsunami of personnel migration in the near future, possibly on the heels of the busy season.

more on staff retention: effective stay interviews for cpa firms  |  the 16 biggest #fails in delegation  |  work-life balance: according to whom?  |  two ways your strategic plan can reduce turnover  |  top firms muscle up with  specialized talent

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the survey, conducted in conjunction with practice management consultant kristen rampe suggests that barely half—just 52 percent—of respondents intend to definitely stay with their firms for the next six to 12 months. they describe their jobs as perfect for them right now.

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five-point action plan for turning tax scam threats into new opportunities

click here to learn how to get the benchmarks

how to advise clients of the irs ‘dirty dozen’ fraud schemes.

tax season tracking poll:
join the survey. get the results

by rick telberg
卡塔尔世界杯常规比赛时间

for the third year in a row, the internal revenue service is listing the “dirty dozen” scams that can land taxpayers in the hands of crooks… or in jail.

more on tax season: liberty tax earnings down 48%  |  global tax talent shortage mounting into ‘perfect storm’  |  h&r block lagging behind last year  |  tax pro e-filing down 10%  |  successful tax seasons require teamwork  |  8 considerations with new clients  |  11 ways to get more tax clients  |  mandatory saturdays stir controversy  |  10 quick and easy tips for a better busy season  |  mandatory saturdays stir controversy10 quick and easy tips for a better busy season

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tax professionals are well-aware of the risks, with almost half in some of our tracking polls reporting “security, privacy and identity theft issues” as one of their chief concerns this year. in fact, savvy tax professionals are proactively advising clients about these common scams.

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liberty tax earnings down 48%. founder hewitt wants out.

hewitt

liberty tax inc. reports results for the third quarter ended jan. 31

by 卡塔尔世界杯常规比赛时间 research

liberty tax, the chain of almost 4,000 tax prep offices, is suffering from a variety of problems, both internal and external, according to founder and ceo john hewitt.

“the 2017 tax season marks another period of change for the industry as filing patterns continue to shift later into the season,” says hewitt in a statement. “the whole industry has been slow, but we are clearly not satisfied with how we have performed in comparison to the market. there is still a lot of season in front of us and we are focused on delivering a strong second half and on implementing the appropriate changes to be successful in an evolving landscape.”

through feb. 28, the company said it had prepared 915,000 u.s. tax returns, as compared to 1,094,000 u.s. tax returns prepared in the comparable prior year period, representing a decline of 16.4%. the company operated 3,823 offices in the u.s. in fiscal 2017, down from 4,225 offices in 2016.  the decrease represents a decline of 250 permanent office locations, as well as a reduction of 152 seasonal and processing center locations, some stemming from compliance problems.

hewitt surprised listeners on the company’s quarterly earnings conference call by saying he’s looking to turn over the reins. “it’s time i have a backup in the company,” he said.

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