bissett bullet: was it worth it?
today’s bissett bullet: “how do you determine the probability of marketing success?”
by martin bissett
see more bissett bullets here
special
who needs to understand scope?
don’t make the mistake of allowing a partner to scope the engagement alone.
by jody padar
radical pricing – by the radical cpa
partners, managers and accounting professionals must all understand scope to deliver the right amount of work for the engagement.
more jody padar |the radical cpa
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everyone needs to be aligned. everyone needs to know what the customer ordered, how to deliver it and where the work ends.
next five years are critical for accounting firms
how deeply are you investing in your future? how are you treating the “three levels” of partners?
by allan koltin
the rosenberg national survey of cpa firm statistics
the next 12 months will start with a handful of firms breaking out of the pack and substantially raising starting salaries for new accountants in a way never seen before (see e&y’s recent announcement on staff salaries). the domino effect will play out here because if you raise first-year salaries to second-year compensation levels, your second-year staff will need to be paid like third-year staff, and this move will go all the way up to senior managers and principals.
editor’s note: every year, the rosenberg national survey of cpa firm statistics asks the profession’s top consultants two sets of questions:
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- 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: 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.
the firms that are “uber” profitable will have an easier time funding this change than their peers. however, if you want to win the important war for talent (i mean attract, keep and grow future stars!), you will now need to pay up for them in a way we never envisioned (simple supply and demand economics in play).
read more →
microsoft refreshes copilot with wave 2
revolutionize your workflow by automating tasks, enhancing accuracy and boosting productivity.
by rick richardson
microsoft copilot has been a competitive alternative to chatgpt since its inception, sometimes surpassing openai’s product. but copilot has trailed behind chatgpt’s advancements – until now.
more tech this week: thomson reuters brings al to audit solutions | new in-flight earbud adapter ideal for travelers | new tech turns bombed-out rubble into blocks for new homes | discovery in california could power 375 million electric vehicles | lexar ssd expands storage for pro-level video | five new google maps and waze features | new warehouse robot could revolutionize efficiency | new pacemaker powered by light, no batteries
exclusively for pro members. log in here or 2022世界杯足球排名 today.
in a live event called “microsoft 365 copilot: wave 2,” microsoft revealed all the next improvements to its ai assistant, which will benefit both business and individual users.
read more →
give your audit teams tasks that increase business acumen
business-mindedness helps you identify risks.
by alan anderson, cpa
transforming audit for the future
i’ve previously described a task i have teams perform at the end of an audit. after everyone shares their insights about what they learned about that client and their operations, i ask everyone to complete this phrase:
“if i were running this business, i would ______________.”
more: are you using the right business model? | give advice while remaining independent | the new formula for an accounting business | don’t risk losing good employees for bad clients | four questions to make your firm more successful as a business | say adios to audit fee pressure | deliver more audit value by getting out of the conference room | six essential elements in audit planning | before the audit: more than just planning | five crucial attributes for successful audit leadership | put the ethics code to work for your clients and your firm | is audit in crisis because of definitions?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
here are a few of the ideas i’ve heard audit teams come up with in that exercise:
want to merge? here are 23 things to request
this is your starting point.
by ed mendlowitz
202 questions and answers: managing an accounting practice
question: what do you ask for when considering a merger?
more: i’m just starting out; why join an association? | don’t blame the client for your location | who to hire when it’s time to grow | the top tip for reviewing tax returns | you can’t win with lowballing | yes, you have to share work papers | should you merge? here’s how to chart your path | hold staff accountable if you want them to listen to you | higher fees to start: ten ways to make your tax season better
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response: this is a “you show me yours and i’ll show you mine.” you should have this information fairly well organized.
also, look at it critically and try to imagine what a prospective partner would say, and how you would react if this were someone else’s information that were being presented to you.
read more →
ten top topics for your client newsletter | listicle
share your expertise.
by 卡塔尔世界杯常规比赛时间 research
staff turnover’s down, but why?
the aftermath of the great resignation leaves many questions.
by 卡塔尔世界杯常规比赛时间 research
rosenberg national survey of cpa firm statistics
as the pandemic wound down, there was a pretty big shakeup at cpa firms. almost a fifth of employees left their firm. some moved on to similar positions. some got canned. and some ditched the whole profession in a search for satisfaction elsewhere.
more: 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.
charles hylan – managing director of the growth partnership, which conducts the rosenberg national survey of cpa firm statistics – hazards a guess, based on his experience with cpa firms, that “a large number are leaving the profession altogether.” among all firms surveyed, i.e., firms with over $2 million in billings, “a whopping 75 percent of staff turnover is voluntary.”
richard kopelman: aprio’s plans for global conquest | accounting influencers | part 2 of 2
from $70 milliion to $450 million: the power of positivity, strategic planning, and going international.
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accounting influencers
with rob brown
richard kopelman, ceo and managing partner of pe-owned aprio, shares his philosophy of staying positive and never giving up, the importance of having a well-written strategic plan, and his vision of truly global accounting firms.
see part 1: richard kopelman: inside aprio’s bold makeover | more accounting influencers with rob brown | aprio sells majority stake to charlesbank capital partners | cited: mindset: the new psychology of success
in the second part of a two-part accounting influencers series, kopelman tells rob brown that a growth mindset drives aprio’s tremendous revenue growth from $70 million to $450 million.
katie thomas: how to recruit the best, organically | gear up for growth
leveraging social media and other digital platforms allows firms to attract talent without relying on traditional job boards or recruiters.
gear up for growth
with jean caragher
five ways smart marketing boosts your firm’s enterprise value
it starts with culture.
by august j. aquila
a marketing culture can have a significant impact on an enterprise’s value.
more: marketing’s role in staffing and recruitment | measuring marketing success: the 10 kpis | is pricing a marketing function? | analyze your firm to keep it current | three more strategies for growing your practice | understand the 10 steps of the buying process
here are five ways in which a strong marketing culture can raise to the valuation of your firm.
eleven things that good mentors do
plus 14 keys to successful programs.
by marc rosenberg
cpa firm staff: managing your #1 asset
“the delicate balance of mentoring someone is not creating them in your own image but giving them the opportunity to create themselves.” – steven spielberg
the existence of a mentoring program is a statement by the firm that it doesn’t want to leave the retention, development and success of its staff to chance. instead, the firm wants to be proactive about helping staff succeed and grow.
more: 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.
a mentor is a neutral sounding board for the staff person. ideally, a mentor should not be a staff person’s supervisor on work projects. at smaller firms, this may not be feasible.
a mentor helps staff navigate office politics and shows them the ropes, helping guide them to their next roles.
read more →
bissett bullet: the water law
today’s bissett bullet: “imagine holding a glass of water at arm’s length, shoulder height.”
by martin bissett
see more bissett bullets here