today's features

chatgpt unlikely to replace accountants

your job may be safe … for now.

by rick richardson
technology this week

even while there is rising concern about how generative ai can disrupt the world’s labor markets, accountants may be able to sigh with relief, even if only temporarily. recent studies show that my chosen profession may be spared replacement because the chatgpt language model doesn’t do well with math!

more: cancer vaccine available by 2030? | four of today’s new technologies that will be tomorrow’s ‘norm’ | cyber insurance costs rise in health care as attacks soar | phishing attack hackers have a new trickchatgpt spurs competition in different ways | chatgpt: what it is. why you need to know.
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the fastest-growing and most well-known ai platform to date – chatgpt’s artificial intelligence language model, which excels at behavioral learning, storytelling and other creative tasks – has prompted questions about its potential to enable students to cheat on assignments and exams. however, the bot passed the bar exam with a 90th percentile score, completed 13 out of 15 ap tests, and scored almost perfectly on the graduate record exam (gre).
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where is your firm in its lifecycle?

//www.g005e.com/2023/05/08/the-future-of-accounting-a-vision-of-trust-clarity-and-hope/how to change if you don’t like what you learn.

by ed mendlowitz
77 ways to wow!

a while ago i gave a speech on business performance measurement and, to prepare, i searched online and found many books on performance measurement, but they were for personnel performance, not for businesses where i found only a dismal few.

more: wow clients with trend analysis | trends are all around us | how to prepare business plan financial projections | the top 11 financial statement ratios | eight ways to value a family-owned business | are you ready for a co-owner to drop dead? | charity directors must take theft seriously | forensic techniques can be fraud deterrence | the hazards of poor internal controls
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however, that’s what i have been doing my entire career, so i was able to put together an enlightening presentation. that also got me thinking about the areas business owners and managers should concentrate on to improve their business’ performance.

for starters, here are three basic premises:
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nurture referrals from wealthy clients

female executive greeting couplesix steps to maximizing opportunities.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

as part of the discovery process, you are ascertaining who your wealthy clients can refer to you. in empirical study after study, accountants (as well as other professionals) say that they get most of their client referrals from their current clients. they also say that this happens because they do an excellent job for their clients.

more: what your wealthy clients aren’t telling you | here’s where your next $5 million is coming from | four steps to a high-net-worth practice | three ways the wealthy use life insurance | help clients avoid fallout from personal complications | why tax planning matters so much to the wealthy
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another insight we find in the research is that very few professionals are doing much to foster getting referrals from their highly satisfied clients.
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accounting jobs up 4% for year

payroll services up over 7 percent.

by beth bellor
卡塔尔世界杯常规比赛时间 research

employment in the accounting profession continues to climb, according to the most recent federal jobs data. new highs were set in

  • employment overall and for staff, cpa firm staff, payroll, payroll staff, bookkeeping and women
  • earnings overall and for staff, and for payroll staff

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total nonfarm payroll employment rose by 339,000 in may, with the unemployment rate ticking up by 0.3 percentage point to 3.7 percent. the professional and business services sector added 64,000 jobs, similar to april.
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robert fligel: private equity shakes up m&a

opportunity or threat? it depends.

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private equity takeovers of accounting firms are changing the rules for the cpa business, impacting succession plans, shifting talent strategies, and reshaping the competition, according to robert fligel, ceo and founder of rf resources, one of the nation’s leading advisors.

more: dustin verity: keep an open mind and constantly learnsecret to success? a growth and abundance mindset | o.d. lanier: stepping into advisory | from tax to transformation | early adopters gain an edge in audit | why the future is in risk advisory | four strategies for a future ready firm clayton oates: one way to keep clients for liferandy crabtree: follow these three rules to keep employees happyerik solbakken: yes, you can work less and make more

see all: podcasts and videos here

in this exclusive interview with 卡塔尔世界杯常规比赛时间, fligel, a veteran dealmaker in the vast and active new york market, explains what pe firms may not want you to know, why cpa firms are suddenly so much in demand, and the often-uncertain outlook for owners, staffers, and the profession.

for some, pe is an opportunity. for others, a threat. fligel helps sort it all out.

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