busy season barometer launches for the 16th year.
by 卡塔尔世界杯常规比赛时间 research
fear, uncertainty, and doubt seem to dominate the run-up to busy season 2019, according to the annual 卡塔尔世界杯常规比赛时间 busy season barometer.
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what to do with these new capabilities? commercialize them, of course.
by gale crosley
the rosenberg survey: national study of cpa firm statistics
last year was a tipping point, as firm leaders began to convincingly acknowledge the fact that technology is going to rock their world. it was the year our colleagues finally got the memo that the profession is poised for transformation. now the debate is around how quickly and in what sequence.
more from the map survey: 2019: three new trends to watch | 2019: why small firms shun mergers | 2019: using m&a to launch consulting | 2019: client service moves to fore | 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
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this is hardly the first time we’ve had to grapple with significant change. but never have so many promising technologies come to practical commercialization at once.
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global trade wars, political winds buffet business.
by kayleigh padar
卡塔尔世界杯常规比赛时间
cpas should be prepared to help their clients navigate an increasingly unstable global economy and burgeoning challenges with technology, particularly cyber threats, according to a new global study of c-level executives.
more surveys & research: jobs report: 43,000 new hires | cpa wealth advisor survey | survey: clients rush for tcja answers | join the accounting firm and operations technology survey | mergers vs. clients: winners and losers |
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the annual study from atkearney shows a bumpy road ahead for global executives, from the effects of brexit to the increase in targeted fake news campaigns. read more →
after profitable years, here’s where to invest.
by carl george
the rosenberg survey: national study of cpa firm statistics
for the most part, it was a very successful year. profitability improved enough that allowed partners and employees to share in the increases, and ample allocations were made for investments, primarily in personnel benefits and technology. growth in net fees ranged generally from 5-9 percent, so many firms are experiencing top- and bottom-line growth.
more from the map survey: 2019: why small firms shun mergers | 2019: using m&a to launch consulting | 2019 trends: client service changes | staff policies improve, but not mentoring
there are three trends developing that will benefit firms for many years to come:
leadership and “business-getting skills” emphasized for managers.
by rita keller
the rosenberg survey: national study of cpa firm statistics
when considering a succession plan that involves merging up, some very well-managed and profitable smaller firms actually feel like they are taking a step backward.
more from the map survey: 2019: using m&a to launch consulting | 2019: client service moves to fore | 2019: shifts in hiring & office space
they view the larger, acquiring firm as having multiple partners who seem complacent and unwilling to invest in digital tools that will take the firm into the future. decision-making is way too slow.
but they expect better for their own firms.
by kayleigh padar
卡塔尔世界杯常规比赛时间
trade wars and interest rate trends are undermining accountants’ confidence in the u.s. economy, even as their outlook for their own firms strengthens, according to a new survey of 400 c-level cpas.
more surveys & research: jobs report: 43,000 new hires | cpa wealth advisor survey | survey: clients rush for tcja answers | join the accounting firm and operations technology survey | mergers vs. clients: winners and losers |
only 57 percent said they were optimistic about the u.s. economy over the next 12 months, down from 69 percent in the previous quarter. cpas cite trade issues and rising interest rates as the main reasons for their pessimism. read more →
technology drives hours down 40%; how will your firm cope?
by terry putney
the rosenberg survey: national study of cpa firm statistics
the market for mergers is clearly moving toward narrow selection criteria for the acquiring side of transactions. part of this is because of the increasing numbers of firms seeking to be acquired that are available. however, acquiring firms are also much more strategic with their objectives for an acquisition.
more from the map survey: 2019: more focused training | 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
strong organic growth means pure revenue acquisition is not enough anymore. firms with a need for a near-term succession of a substantial portion of the partner group are finding fewer takers among the larger firms. firms that can be acquired to help grow and launch non-traditional, non-compliance-oriented service lines are in high demand.
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advisory services crop up in a couple of ways.
by carrie steffen
the rosenberg survey: national study of cpa firm statistics
we’re seeing what i would call cautious optimism. optimistic because we’ve had a relatively good growth year for most, but cautious because firms are struggling with the question of how to sustain that growth and remain relevant in a changing environment.
more from the map survey: 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
merger activity continues at a steady pace, with some firms looking at non-cpa firm mergers, such as cybersecurity firms, in response to the relevancy issue.
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also: manage your non-charge hours.
by jeff pawlow, the growth partnership
the rosenberg survey: national study of cpa firm statistics
all of this m&a is coming at a price. yes, top lines are growing, but often the challenge of successfully assimilating a disparate culture causes challenges to the bottom line.
more from the map survey: 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
this is a relationship business – and it is almost impossible for a practitioner to function at an advisory level absent true professional intimacy with their clients. sadly, most firms don’t have programs in place to drive these dynamic relationships and are still stuck managing the compliance services at the expense of the advisory work.
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also: staffing grows more complex.
by angie grissom, the rainmaker companies
the rosenberg survey: national study of cpa firm statistics
in 2017, we saw more than ever before how the accounting industry is in a state of substantial transition. from the services clients need, the method on how to best serve them, the makeup of the firm’s professionals, the method on how to recruit, train and retain them and the business model of the traditional accounting firm – all are shifting.
more from the map survey: 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
the biggest struggle firms are facing is how to go about addressing the changes while leading the firm with the existing challenges of staffing, serving clients and acquiring new clients all while retiring out partners.
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early results show double-digit growth.
by 卡塔尔世界杯常规比赛时间 research
the financial awareness foundation has teamed up with hb publishing & marketing company, llc and other financial associations to gauge the sentiment of independent financial planning and wealth advisory firms after the first two years of the trump presidency.
also: firms rethink retirement age.
by allan koltin
the rosenberg survey
the issue of capitalization has definitely come to the forefront. with all of the changes taking place in the profession, trends ranging from technology (artificial intelligence) to new products and services, it is apparent that firms will need to make significant investments if they want to remain competitive.
more from the map survey: efficiency can help prevent slowdowns | staff policies improve, but not mentoring
this dynamic brings in new issues of overall firm profitability, as well as the potential compression of current partner earnings. it is a classic case of the investment in innovation vs. the wants and needs of partners in terms of compensation.
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another key: helping firm leaders retire with grace.
by jennifer wilson
the rosenberg survey: national study of cpa firm statistics
it was another year of growth, but it was also one of change in firms, driven more by outside factors than by traditional growing pains.
more from the map survey: staff policies improve, but not mentoring
we’re seeing significant shifts in firm leadership, as more partners transition out of their roles and begin the move to retirement. partner groups are renegotiating buy/sell and other partnership provisions that to reflect today’s and tomorrow’s conditions.
read more →