analysis: global tax talent shortage mounting into ‘perfect storm’

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good for talent; tough for employers: retirements, turnover, and outsourcing.

by rick telberg
卡塔尔世界杯常规比赛时间

“change is coming to the tax profession potentially as a ‘perfect storm’ in 2017,” according to some leading executive recruiters, explaining the upcoming tax reform is still unknown but will likely result in tax professionals needing to quickly change and adapt to new rules and regulations.

more careers & hiring: accountants without borders: tight talent pool drives salary increases nationwide  |  how to create a talent management strategy |  survey findings: talent wars, m&a frenzy continue  |  why job descriptions matter  |  how to develop home-grown future leaders  |  new staffing strategies for the next-generation accounting firm

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“additionally,” they say, “u.s. corporate tax departments will potentially explore outsourcing arrangements. citing the arrangement between pwc and ge, they ask, “is this a one-off situation or a transformational trend?” in the pwc/ge deal, ge hived off its tax department to pwc, which then assumed the ge tax department’s activities as an outsourcing engagement.

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accountants without borders: tight talent pool drives salary increases nationwide

in the war for talent, “local” cpa firms face new threats from distant, bigger rivals.

by rick telberg
卡塔尔世界杯常规比赛时间

the traditional business model of the so-called “local” cpa firm is being challenged anew by the emergence of a single, unified coast-to-coast talent market that’s undermining the pay differences between big-city and small-town firms.

more on jobs: where the jobs are (and what you need to get them)  |  cpa firms post 5% growth rate | how to set your firm apart to recruits
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that’s bad news for traditional firms trying to control staffing costs. but great news for a new generation of top talent.

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when the inmates are running the asylum

crazy doesn’t get better by adding more crazy.

by dom cingoranelli

“we can’t really enforce this because we don’t want to risk having him (or her) quit.”

i can’t tell you how many times we hear something to this effect when we talk with cpas. we hear this at small firms and we hear it at large firms. we hear it from partners, from directors, and from managers. it doesn’t matter what size firm they’re in, nor does it matter what level or position they hold.

it’s always the same line. it reminds me of the old adage, “the inmates are running the asylum.” and, it raises the question of who actually is running the firm. who’s in charge?

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are you an ostrich or a giraffe?

ostrich and giraffeare you an ostrich or a giraffe?

by lee eisenstaedt
leading with courage academy

there are leaders of cpa firms who think everything is right with the world, from their client relationships to their people.

how do they know for sure? well, they don’t. there’s been no study or feedback or hard data to go on.  based on their years of experience, they just know…somehow.   it’s the rare ones who have conducted a client survey to uncover festering problems they are unaware of. however, many choose to close themselves off from the truth and continue to operate in the same fashion as if nothing were happening.

then there are those firm leaders who have a clear view of what is working well and what is in dire need of improvement. this type of leader understands that if left unaddressed the urgent problems will remain and, in all likelihood, result in operational breakdowns.  this may involve serious costs to the firm.

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your firm’s biggest assets walk out the door every day

there are nearly 80 million baby boomers today, and this cohort of 65 and older is projected by the us census bureau to reach 83.7 million in the year 2050.

more: effective communications in the age of covid | why proper communication is critical | how to create effective internal communications | how to select your firm’s board | trust is a key organizational ingredient | real influence vs. immediate gratification | fake it ‘til you make it: an ultimate goal? | 4 ways to boost job satisfaction | have you gauged your staff’s enthusiasm? | why knowledge maintenance is key
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by 2030, more than 20 percent of u.s. residents are projected to be aged 65 and over, compared with 13 percent in 2010 and 9.8 percent in 1970. a large part of this growth is due to the aging of baby boomers (individuals born in the united states between mid-1946 and mid-1964), who began turning 65 in 2011 and are now driving growth at the older ages of the population. every day, 10,000 people turn 65. there are more than personal financial issues at stake here.

what does this mean for the cpa profession?

so much to do and so little time: achieving success in the c-suite

//www.g005e.com/2016/11/25/much-little-time-achieving-success-c-suite/

 how to learn and teach leadership skills.

four tools for a millionaire mindset     

choosing just one could make a big difference.

by sandi leyva
as a business owner, i need tools to help me stay in a mindset that will help me serve more people and be more successful in my business.
here are four that have helped me play bigger throughout the years.

survey: next gen leaders getting restless

angry anger frustration staff worker businessmanhow do you keep them?

by jennifer wilson
the rosenberg map survey

growth is up for many firms. but so is staff turnover.

more from the survey: mergers keep racing forward  | do you have a firm or a co-op? | accountability, equity, compensation are concerns | map survey top 10 findings | cpa firm revenues rise a hefty 8%
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in firms with solid marketing engines, people – including firm leaders – are stretched thin trying to

  • land prospects,
  • serve clients,
  • recruit and onboard people and maybe even
  • integrate a merger.

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survey results: effective stay interviews for cpa firms

two businessmen talking over coffeewant to boost retention? this is how.

how some firms are beating the staffing crisis:
join the survey. get the results.

by kristen rampe
talent retention & development

in a survey we conducted of over 300 cpas, over one-third of respondents indicated that healthy effective communication at their accounting firm only happened “sometimes” or “rarely or never.”

more from the survey: the 16 biggest #fails in delegation | work-life balance: according to whom? | new survey results: two ways your strategic plan can reduce turnover
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with many facets to overall communication between team members and from leadership to the organization, it’s hard to pick the next thing to try and improve the status of communication at your firm. one to try if you haven’t? the stay interview.
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the 16 biggest #fails in delegation

angry businessman with document shouting at somebodydo you expect your direct reports to read your mind?

how some firms are beating the staffing crisis:
join the survey. get the results.

by kristen rampe
talent retention & development

we’ve all been there. trying to make our work lives more efficient, transfer knowledge to newer team members and leverage our practice.

more from the survey: work-life balance: according to whom?  | new survey results: two ways your strategic plan can reduce turnover
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sometimes it works and, well, sometimes the result is embarrassing at best.
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the two most common management styles

senior businessman with his team at officedo cpa firms need management or leadership?

by bill reeb and dominic cingoranelli

let’s start out with a straightforward question. what is the difference between management and leadership?

more on performance management: 8 ways to manage clients | the limitations of rainmakers | firms only grow when partners play their roles | the four basic parts of cpa firm partner agreements | younger partners see succession differently | how to compensate your managing partner | the job of managing partner: empowered or emasculated? | how the best managing partners turn ideas into reality
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from one point of view, leadership is far different than management.
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survey: work-life balance: according to whom?

young father sitting on the grass holding a baby on his lap and texting on his mobile phonewhat firms offer may not be what staffers want.

how some firms are beating the staffing crisis:
join the survey. get the results.

by kristen rampe
talent retention & development

how is your firm doing in the work-life-balance arena? if you’re like half of our cpa firm partner respondents, you are a strong, frequent supporter of these initiatives.

more from the survey: new survey results: two ways your strategic plan can reduce turnover
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but do your staff see it differently? preliminary data from our recent talent survey shows that only 28 percent of non-partner respondents shared the same sentiment of “mostly or always” when asked if “management supports a healthy work-life balance.”
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8 ways to manage clients

two men shaking hands across a tablethis is job 1 for the practice owner.

by bill reeb and dominic cingoranelli

whether you simply desire to improve your firm’s operations or identify and implement a new long-term strategy, you need to be clear about the role that the owners, partners or shareholders should be playing in your firm.

more on performance management: the limitations of rainmakers | different roles for different partners | how big ‘books’ hurt firms | developing a three-year vision [video] | more merger questions than you imagined | mps: how to elect them … and fire them | partners as role models: the good, bad & ugly | managing the managing partner
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to be sure, the roles and responsibilities of a cpa firm owner or owners will vary from firm to firm, based on that firm’s needs and circumstances, and you need to adapt any recommendations to fit your firm’s situation.
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