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don’t let tech fears slow you down

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hand below light bulb

audit requires innovation.

by alan anderson, cpa
transforming audit for the future

auditors, like most accountants, tend to be conservative in nature. we tend to be reluctant to change unless we’re on a burning platform.

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

 

as i’ve said before, audit is at a crossroads. we can continue the way we’ve been doing audit and will likely go extinct. or we can make changes that will keep audit relevant and valuable for the next generations.
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pro services, tech and mining sectors most likely to thrive

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magnifying glass showing bar charts

cars and construction? not so much.

by 卡塔尔世界杯常规比赛时间 research

here’s a question for you: which business sectors are most likely to thrive over the next 12-18 months?

the answer matters. it matters to accounting clients, who need to know where their businesses stand, where they can find customers, maybe where to invest or form partnerships.

more barometer: accountants see a host of woes for businesses | top three issues for business: tariffs, taxes and inflation | accountants reporting a pretty good year | concerns take curious shifts as tax season closes | tax season faceplant: accountants overrun by late chaos | accountants turn negative amid tariffs, trade, uncertainty | what cpa firms could do better | survey: which client industries will grow this year
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

and it matters to accounting firms, too. thriving sectors need good accounting firms.
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bridge the advice gap for better financial futures

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timeline
source: bento engine

 

portrait of philipp hecker
hecker
 philipp hecker is a co-founder and the ceo of bento engine, a fintech at the intersection of technology and impactful wealth management advice. at j.p. morgan he founded and led the wealth planning & advice organization. he holds an mba from harvard business school.

fifteen age-based client milestones for advisors to note.

by philipp hecker
the holistic guide to wealth management

despite the significant growth of the u.s. wealth management industry over the past few decades, the state of advice in this country falls short of its potential. americans deserve more and better advice beyond just investment-related matters. several concerning statistics highlight this issue:

  • a caring.com survey finds that a staggering 67 percent of americans pass away without a will, lacking even the most fundamental trust and estate documents.
  • an edward jones survey finds just one in five u.s. parents have saved, or are planning to save, for their children’s education using a 529 plan. in fact, two thirds (67%) of survey respondents said they were not aware of the features and potential tax benefits of 529 plans.
  • vanguard data finds that just one in six retirement account holders over age 50 are making catchup contributions to which they are eligible.

more: help clients manage and embrace investment risk | quantifying the value of an advisor | subscriptions beat aum and hourly fees for wealth management | tax advisory services: a pathway to greater financial freedom | raise your rates to change your clientele | pursue excellence to win the battle for talent | leverage ai to grow and protect revenue: six steps | how wealthtech is reshaping the future of holistic advice | seven tech keys to a holistic service model | four ways to provide wealth management in your accounting practice | profile of a modern firm: putting the vision into practice | toward a 21st-century cpa: a dynamic vision | what multiples mean to accounting firms
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

our firm’s research found that three in five investors (60%) who have advisors are not getting the guidance they need about making retirement catchup contributions, while two in five (40%) lack clarity about fundamental decisions around the optimal timing for initiating social security benefits.

imagine what it’s like for the majority of americans who don’t have financial advisors.
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expert panel: the year of the advisor is here | accounting influencers

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“your top clients are your competitors’ top prospects. are you showing up as their trusted advisor?”
sponsored by “radical pricing: optimize profits, delight clients, and build a top-value firm,” by jody padar, cpa  – see today’s special offer

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google/youtube, spotify, iheart, deezer, amazon music, audible, player fm, audacy, rss.

 

accounting influencers
with rob brown

how well-equipped is the accounting profession to handle rapid technological advancements and a changing workforce? are firms ready to embrace the future or stuck in outdated models?

rob brown hosts an expert panel featuring angie grissom, co-owner of the rainmaker companies; itamar jobani, ceo of payem; todd robinson, director of practice engagement at woodard; and james hickey, chief “cat herder” at herding cats; to discuss the future of the accounting profession. the conversation explores critical challenges facing accountants today, such as adapting to technological changes, ai integration, talent retention, and shifting towards a more advisory-based role. the panel shares their unique insights on how firms must navigate cultural shifts, embrace leadership, and rethink their traditional business models to stay competitive.
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bissett bullet: threat vs. opportunity

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today’s bissett bullet: “there’s always something on the horizon with the potential to negatively impact the economy. if it’s not a global pandemic, it’s the threat of war or a general election.”

by martin bissett

there is also always opportunity. according to a report by accountancy age, even during the covid-19 pandemic and ensuing lockdown, the accounting profession grew and not just in terms of necessary compliance work. advisory services are seen as business critical in uncertain times and clients are happy to pay for additional support. we need to understand that they will look to us for certainty, for security and to point the way forward.

don’t see threat, see opportunity. learn to be the rock in the storm, find a way to deliver new value to your clients and thrive while the competition is listening to the media and worrying about how they’ll survive.

today’s to-do:

what is being reported in the news right now that could be cause for concern to some or all of your clients? what opportunities could it present? pick up the phone; find out what value you could offer your clients.

see more bissett bullets here

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boost retention by reducing repetition

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staff are hard to find. change your processes.

by jody padar
the radical cpa

if you’ve posted a job for an accountant in the past few years, you know people are hard to come by. the number of responses you received was likely down if you were lucky enough to find any at all.

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

 

according to a recent aicpa trends report, the number of people graduating with a bachelor’s degree in accounting is down, and we’ve seen a steady decline since 2015. all this while half of u.s. cpa firms have increased the number of new graduates they want to hire. a lot of us are looking for staff that simply does not exist.
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