remote work success helps solve staffing shortages

businesswoman relaxing in the office with bare feet up on her desktax reform boosted those ready for consulting.

by carl george

the two most significant changes that i have seen so far are:

  • “covid has forced us to run our businesses better!” with so much being unknown when covid first started, many firms developed plans and forecasts under numerous disaster scenarios. accountability (and in some cases, behavior changes) of each owner was essential and i have seen many firms “pay more attention” to running the business. i believe these changes will become permanent.
  • “we became more comfortable with our technology capabilities and it saved us!”

more: covid-19 shakes up m&a activity | we’re in the fast lane… can your partners keep up? | survey: 2020’s disruptions are only the beginning | covid brought us more and better client communication
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the most significant change we will see long-term will be a significant portion of a firm’s practice will be accomplished by a permanent remote work force – at least 25 percent. we have seen that it works, we will continue to refine the model, and firms will be more efficient and profitable once the final model is in place.
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manage partners with goal setting

includes 20 sample goals.

by marc rosenberg
the role of the managing partner

the purposes of goal setting are to help the firm achieve its overall goals and to help individuals achieve their performance goals.

more: clarify partner expectations | how the managing partner manages the partners | overarching authority that managing partners must have | exceptional managing partners offer their advice | why management is the #1 key to the firm’s success | herding cats: advice for managing partners
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when individuals and organizations create goals, put them in writing, assign deadlines, follow up and establish a means of accountability for achieving the goals, they are more likely to achieve the goals than if they merely talk about the goals or have the goals in mind.
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firms face business realities

pandemic means there’s no room for those who can’t embrace change.

by angie grissom

the working from home mandate has changed the way people think, work and communicate and has accelerated the move by four to five years (at least) over what i think would have happened without the pandemic. this has impacted the adoption of technology (teams, zoom, adobe connect, etc.) and has shown team members what works and what doesn’t work.

more: remote work is more productive | we’re in the fast lane… can your partners keep up? | survey: 2020’s disruptions are only the beginning | covid brought us more and better client communication
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

people now know how and where they are the most effective. clients are also seeing accounting providers as more essential and more as advisors, especially those dealing with the ppp loans and other programs that assist them with staying afloat during this time.
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increase your odds of success

young asian woman lifting dumbbellsshrink the gap between strengths and weaknesses.

by bill reeb

there are many self-development books and advisors that proclaim that you should focus on your strengths, develop your strengths and don’t worry about your weaknesses.

more: make tension work for you | when to cut your losses | make worry work for you | are you right where you’re supposed to be? | letting go is not giving up | your obligation to yourself | why we risk change
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this is a great story to tell because it is one everyone wants to hear. who wants to be told that they should work on what they feel inadequate about in themselves or their abilities? in other words, it is easy to get people pumped up about spending time concentrating on what they do well and discard what they do poorly and leave it for someone else.
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more complex work = higher fees, right?

also: some pushback on virtual work environments.

by jeff pawlow

anytime that complexity goes up, it seems that accounting fees follow. that said, the current economic environment may not allow firms to capture as much additional work as they may have in other turbulent/changing environments.

more: remote work is more productive | advisory services: real commitment or just talk? | 2021: you’ll never see ‘normal’ again
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clearly, clients are tightening their belts, and it now becomes imperative for firms to bring more to the table than just “debits and credits.” the role of a trusted advisor is paramount in this uncertain time and firms that embrace the challenge will leap ahead of the pack. unfortunately, many firms are slow to adopt this posture. providing clear value for fees is a non-negotiable moving forward.
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