surveys & research

cas challenge: no staff, no services

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bar chart

demand isn’t a problem, but supply might be.

by 卡塔尔世界杯常规比赛时间 research

the 卡塔尔世界杯常规比赛时间 outlook 2024: emerging issues, opportunities and trends survey asks 23 questions about client accounting services. early results clearly reveal certain emerging issues:

more cas survey: cas ‘one-stop shop’ means steady clientele | accountants cozy up to clients with cas
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  • a majority of cpa firms (59 percent) now offer cas, and a lot more (21 percent) may soon join them.
  • a sizable portion of clients want these services.
  • staff shortages and training are the biggest challenge (for 30 percent) and biggest obstacle (for 44 percent) to offering cas.

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will unclogging the accounting pro pipeline kill mobility?

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man placing box on desk to move into new job, with to coworkers in background

changing the 150-hour requirement could have unintended consequences.

by 卡塔尔世界杯常规比赛时间 research

the day-to-day of the cpa may be grueling at times, but one thing makes the day a little easier – the facility of mobility.

not only can a cpa with a driver’s license in one state drive in other states, but in most cases, they can practice their profession in other states, too. if you’re licensed to practice in one state, you’re good to go in every other state except, coincidentally, the one you can’t drive to.

more: accountants cozy up to clients with cas | accountants torn over 2024 economy, offer advice | are you offering the right services? | 42% of accountants turn away work over staff shortages | talent gap widening: be very scared | looking for recent grads? good luck
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practice mobility is crucial in a business system that often as not transcends state borders, and it’s even more important as professionals work remotely, sitting in one state while practicing in another.
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measure knowledge gaps (then close them)

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four people on lower stairs, one on upper stairs, gap between

six questions to ask, plus a real-world example.

by ed mendlowitz
202 questions and answers: managing an accounting practice

question: i suspect that my partner has “maxed out” and cannot grow further, which will retard our growth. what can i do or how can i deal with this?

more: 47 types of business valuation to provide | referral fee? forget it | how much is your tax practice worth? | merge in lower-priced work without losing out
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response: this is a frequent question, and sometimes it is the person asking it who has “maxed out.” but sometimes it is the partner or a key staff who wants to be made a partner.
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see your client to a graceful exit

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man in glasses looking at document held by woman

it takes a few years, so get started.

by anthony glomski

research from the family firm institute shows that only three in 10 (30%) closely held family businesses survive into the second generation. just one in eight (12%) are still viable into the third generation, and a mere 3 percent operate into the fourth generation or beyond. those statistics are even more disturbing because the same research shows that the vast majority of business families are overly optimistic – they believe they will be in control of their companies five years hence.

more: is your client’s wealth truly protected? | eight questions for estate planning | clients who don’t listen | how to outline your client’s big picture | target the family ceo
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given this gloomy success record for family business transitions, it is no wonder that 60 to 70 percent of family wealth is lost by the second generation and that 90 percent is lost by the third generation. it does not have to be this way.
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