art werner: new issues in qualified plans and iras | quick tax tip
new legislation on qualified plans and iras can help accountants grow their practices.
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with art werner
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what’s going to happen? lots, say consultants
insights on staffing, private equity and more.
by 卡塔尔世界杯常规比赛时间 research
in case you haven’t noticed, the whole world is changing. everything.
even the accounting business.
and everyone wants to know what’s going to happen.
even cpas.
more: growth and complacency must concern accounting firms this year | solving staffing requires intention | how accounting firms are handling the staff shortage | the future of fees | as private equity closes in, firms seek new answers to staffing problems | when staffing falls short, clients get culled | how accounting firms are dealing with retirement | next five years are critical for accounting firms | staffing turnover’s down, but why? | what’s your firm worth? private equity wants to know | the new pipeline: outsourcing and offshoring | is this the last year of accounting’s golden age?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
some of the answers (for cpas) might be found in the 2024 rosenberg national survey of cpa firm statistics, where some of the industry’s leading consultants are opining on what’s coming down the pike.
and they all agree on one thing: change is coming.
read more →
why you shouldn’t sue a client
there’s more to consider than you may realize.
by ed mendlowitz
202 questions and answers: managing an accounting practice
question: a former client owes me a lot of money and will not pay or even discuss a settlement. i want to sue him. what can you tell me about this?
more: what to do when a partner becomes disabled | do as little as possible | want to merge? here are 23 things to request | i’m just starting out; why join an association? | don’t blame the client for your location | realign partners with monthly meetings | i’m 76. should i slow down? how? | who to hire when it’s time to grow | hourly billing doesn’t cover the value; now what? | ask for what you’re worth | the top tip for reviewing tax returns | you have to start somewhere | two options for collecting past due fees | you can’t win with lowballing
exclusively for pro members. log in here or 2022世界杯足球排名 today.
response: i don’t know the details so cannot address your specific situation. however, i have some comments about suing that i would like to share with you.
read more →
ten tips for a healthier tax season (and life) | listicle
becca johns: how rea cpas is pushing into advisory | capstone conversations
challenging the cpa mindset.
capstone conversations
with jean caragher
for 卡塔尔世界杯常规比赛时间
how will private equity impact accounting careers?
pe may push dei for new talent.
by 卡塔尔世界杯常规比赛时间 research
private equity investment is creating a seismic shift in the accounting profession. leadership structures are getting overhauled. career paths are branching both up and out. investments are opening opportunities in services and clientele.
more: eleven questions about kids, wealth and the family business | twelve years and out: seasoned accountants join the exodus | how accounting firms are handling the staff shortage | gen ai in accounting: epic transformation, or overheated hype? | survey shows big opportunities in small business | salary guides for accountants vary widely: whom do you believe? | are you earning what you deserve? | the slow, painful death of the 150-hour rule | partner comp earnings gap: what’s the right spread?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
how will this impact the core of cpa firms?
good question. and the 2024 accounting move project has some answers.
read more →
four ingredients to your cas ‘why’
learn what will resonate with your prospects.
by hitendra patil
client accounting services: the definitive success guide
“why did i start my accounting firm/practice?”
if you are the owner of your firm, print this in a bold, big font and post it somewhere in such a way that you can see it, even if it is just in your peripheral vision, every moment when you are working at your desk.
more client accounting services articles
exclusively for pro members. log in here or 2022世界杯足球排名 today.
if you are a partner of the firm or an employee, print the following question to post it where you can see it all the time:
“why did i get into the accounting profession?”
read more →
training? cpe? they’re not the same
the three types of training needed and 21 best practices for providing it.
by marc rosenberg
cpa firm staff: managing your #1 asset
“training is everything. the peach was once a bitter almond; cauliflower is nothing but cabbage with an education.” – mark twain
more: six tips for setting compensation | staff crave advancement and challenge | what leadership looks and feels at cpa firms | eleven things that good mentors do | give the recognition your staff needs | the importance of great bosses | how remote work is impacting accounting firms | make work flexibility work for everyone | why staff leave cpa firms … and how to stop them | how to solve the big disconnect in talent management | what relevance means for staffing in accounting | how accounting staffing has changed
exclusively for pro members. log in here or 2022世界杯足球排名 today.
we cringe when cpas use “training” and “cpe” synonymously.
- cpe coursework is often reactive, taken to maintain a cpa license. it may or may not educate. it may or may not be the type of education an individual needs. many cpas look upon cpe as a nuisance that is necessary to comply with professional regulations. the smaller the firm and the older the cpa, the more likely this is the case.
- training is primarily proactive, undertaken voluntarily to expand a person’s knowledge, performance and capabilities. the training aligns with what the person needs to do the job and provide value to the firm and its clients.
ideally, the training identified as needed also qualifies as cpe.
read more →
bissett bullet: why is the second meeting so important?
today’s bissett bullet: “never leave the first meeting without having the second one already scheduled.”
by martin bissett
see more bissett bullets here
growth and complacency must concern accounting firms this year
be proactive and intentional.
by tamera loerzel
the rosenberg national survey of cpa firm statistics
while i could list many trends, predictions and thoughts, i think there are two important considerations to pay attention to over the next 12 months:
- complacency continues to run rampant in some firms. growth has been good for most firms, which means profits have been good and partner compensation is at an all-time high for many, which gives a false sense of security.
editor’s note: every year, the 2024 rosenberg national survey of cpa firm statistics asks the profession’s top consultants two sets of questions:
-
- how do you think the next 12 months will unfold? trends? predictions? other thoughts?
- how would you assess the last 12 months? trends? observations? struggles?
more: solving staffing requires intention | how accounting firms are handling the staff shortage | the future of fees | as private equity closes in, firms seek new answers to staffing problems | when staffing falls short, clients get culled | how accounting firms are dealing with retirement | next five years are critical for accounting firms | staffing turnover’s down, but why? | what’s your firm worth? private equity wants to know | the new pipeline: outsourcing and offshoring | is this the last year of accounting’s golden age?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
in addition, the noise from the m&a activity and private equity funding along with continued capacity and pipeline issues, velocity of emerging technologies, and other business model transformation needed, many leaders freeze with inaction. those who delay or stop investing in developing leaders; hr and other operational roles; ai, rpa or other technologies; and more will be left behind.
greg kyte: being a cpa is like being the marie kondo of numbers | accounting arc
find your unique voice in the profession, and don’t be afraid to innovate.
accounting arc
with donny shimamoto.
center for accounting transformation
rory henry: create the return on relationships | the disruptors
be a client-centric human in a world of ai and technology.
this is a preview. pro members always get the complete video episode, with commentary and transcript. | go pro here
the disruptors
with liz farr
rory henry asked himself, “why don’t financial advisors and cpas work together?” it boggled his mind because both work with the client’s finances but are not always in sync. “we’re advising them on their businesses, and then the wealth advisor takes over and manages the finances,” henry says. “but really, one decision affects another.”
more rory henry: the holistic guide to wealth management | more disruptors: mike maksymiw: be the leader you wish you had | terrell turner: build a solid business showing up as yourself | kelly mann: be the bull in the china shop | alicia katz pollock: create a human-centric business | nancy mcclelland: be the one your clients ask first |alan whitman: stop accepting the status quo | sean duncan: discover your own genius |
the ultra-wealthy have long used the family office model to bring a staff of cpas, attorneys, and advisors to provide governance, legacy planning, and intergenerational wealth planning. at arrowroot family office, henry is leveraging technology to bring the benefits of the family office model to everyone. “so it’s really integrating these solutions, using technology, using relationships, to really provide for the many needs of the business and the personal finances of your clients.”
five thoughts about your firm’s culture
make it work for you.
by martin bissett
passport to partnership
cultural issues are dynamic, very broad and unique in each firm. as such it is a challenge to summarize them accurately and comprehensively.
more: do others think you’re ready to be partner? | competence is just the beginning | how to attract clients | eight questions for personal preparation | how to prepare for partnership | five questions to help forecast your firm growth | do you deliver on your website’s promises? | five questions about facing challenges | be clear about your roi proposition | it’s time to prepare the next generation | who are you more committed to, your firm or your clients? | nine checkpoints before every prospect meeting | three questions about conversion
exclusively for pro members. log in here or 2022世界杯足球排名 today.
from our research, however, the wise choice for anyone wishing to get their passport to partnership appears to be to study
- their firm’s existing culture,
- that of its senior individuals and
- that of those who have the ear of those senior individuals
to understand not only the route to partnership, but the terrain that they need to cross too.
read more →