the survey on cpe and practice improvement, conducted with the ohio society of cpas and consultant michael ramos, suggests that taxes are taking up a bigger part of soloists’ practices – even though many say they’d like to diversify into other areas.
in paradise, calif., cpa al sperske, who’s been reading 卡塔尔世界杯常规比赛时间 for more than 10 years, is among those stressed out by keeping up. “taxes,” he says. “nuts in congress will not leave them alone.” read more →
the survey on professional skills and the goals of accounting firms, being conducted with the ohio society of cpas and consultant michael ramos, is turning up a curious mismatch. it seems, at first blush, that cpas are studying for certain skills while reporting that something else is essential to their success.
here is a list of common policies regarding partner/shareholder agreements that we cover with our firms, as well as some common issues that are important to address in the policies.
accounting firms are like people—each one has its own situation, its own problems, its own goals, and dreams. it’s no surprise, then, that when asked for the essential ingredient to achieving their goals this year, cpas offer a wide assortment of answers. but six topics emerge clearly as the most oft-cited.
the question is one of several put forth in an ongoing 卡塔尔世界杯常规比赛时间 survey being conducted in conjunction with the ohio society of cpas and consultant michael ramos. read more →
the ongoing survey on professional development strategies, conducted in conjunction with the ohio society of cpas and consultant michael ramos, is asking in what areas accountants plan to beef up their capabilities this year. the survey touches on two dozen aspects of practice management and skill development. among them, the not-for-profit niche is emerging as the hottest specialty niche, followed by personal financial planning and business valuation.
as might be expected, preliminary results are showing most efforts to be in the standard professional missions: accounting, financial statements, audits, and tax preparation. the survey is also asking about specific specialty skills. the results may be indicating the true scope of today’s—and tomorrow’s—accounting industry. every skill mentioned was being pursued by at least quite a few respondents. read more →
sharing skills and knowledge with the next generation of leadership.
harry moehringer, managing partner of marks paneth
by 卡塔尔世界杯常规比赛时间 staff
harry moehringer, managing partner of marks paneth, the nation’s 34th largest accounting firm, expects the business to grow by deepening the expertise in its specialty services while it also reaches out further to attract younger professionals and staff workers.
“the most important issue facing accounting firms like ours is creating an environment that fosters long-term organizational growth and prosperity,” he says. “this requires recognizing that, as the baby boom generation continues to age and retire, high-level knowledge and expertise in the profession will need to transition to dynamic and younger owners of the firm.”
most of the time when we are called in to work with firms, it is to help them plan for or implement significant change. the dialogue may start out with a general firm retreat, or it might simply be a session devoted to solving a few specific problems.
visionary firms are always looking to make changes long before their operating environment forces them to, from enhancing their ability to compete, making changes to improve profitability, building infrastructure to support succession, upgrading their people development, modifying the compensation process, increasing revenues and more. read more →
question: i have a key staff person who does not like supervising people. he says he can do everything faster and better than anyone else and doesn’t want to take the time to teach someone who, he says, won’t do it as well. he is a workhorse and spends anywhere from 50 to 60 hours a week all year round. what do i do?
busy season is all about taxes, but according to a survey underway by 卡塔尔世界杯常规比赛时间, the ohio society of cpas and consultant michael ramos, practitioners are by no means putting taxes away for the year.
apparently, it’s the constant evolution of tax laws and loopholes that keeps tax prep professionals busy all year. diane merk, at one of clark schaefer hackett’s offices in ohio and kentucky, says, “i only do tax work and structure my cpe to that area,” and she adds that this year she’ll be needing to focus on “ohio’s potential new changes in the taxable of pass-through entities.”
to maintain their licenses, professionals are required to meet annual continuing education requirements. to practice in certain areas (e.g., government audits) or maintain a designation (e.g., certified financial planner, certified fraud examiner) also requires continuing education. thus was born the multibillion-dollar continuing professional education industry, to meet the needs of millions of professionals forced to comply with continuing education requirements.
outside of the professions, most businesses face few if any mandated training requirements. though not required, businesses still train their employees regularly and at great cost. one study shows that the typical small business trains each employee an average of 40 hours each year – the same as a cpa.
sadly, most cpa firms do not share this mindset. whether it’s because of the overt regulatory nature of professional cpe requirements or for some other reason, compliance with licensing requirements continues to be a major driver for training at most cpa firms. few firms approach training as an investment of strategic value.
this year’s tax business is done; mostly, anyway. now it’s time to buckle down and do what cpas – and only cpas – are built for: accounting, financial reporting, compliance, auditing, attestations, and, of course, the host of consulting services that range from business valuation to internal controls.
preliminary results from a survey being conducted by 卡塔尔世界杯常规比赛时间 in conjunction with the ohio society of cpas and consultant michael ramos show that about 42 percent of accountants are making accounting and financial reporting a top priority, second only to taxes, and almost twice the rate for two dozen other pursuits.
julie lepper at lepper & company llc, which works with a lot of agricultural professionals in greater pinckney, mich., says upcoming efforts will be in accounting, reporting, practice management, internal control, and tax matters. “these are areas of particular interest to the direction of our firm,” lepper says. “we want more monthly accounting clients, so we want to take classes related to that area that might give us some tricks and updates. we are also want to help clients with process and internal controls.” read more →
although we find that an internal ownership transition often can be your best bet, a merger makes sense in many cases. so, if this is the direction you are heading, we’ve highlighted some of the issues below that we think you ought to consider, with the first one being to really take a close and hard look at the compatibility of the organizations courting each other.
if you are going to consider a merger, which firms would seemingly be a good fit for your practice – i.e., your clients and your employees and if, applicable, partners? the better the fit, the more likely you will be able to retain clients and employees, and the greater the chance for overall success of the merged firms. read more →
for at least the past 10 years, the merger market among cpa firms has been pretty active. while the market volume has waxed and waned a little several times during this period, mergers have been a topic in almost every strategic planning retreat we have facilitated.
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what corporate america knows that cpas ignore: training pays.
