today's features

the emotional side of the tax and accounting business

five essential skills every successful practice owner needs.

by sandi smith leyva
accountant’s accelerator

there are courses and conferences to help you build the technical skills you need to succeed in accounting. but if you think about it, there is no cpe to help you with the emotional side of your business, and there are plenty of times on a daily basis that the emotional side of business comes into play: read more →

crosley: the three elements of growth strategy

developing a growth strategy is easy. getting it right is not.

gale crosley, a growth strategist for cpa firms, explains that successful expansion plans require at least three critical elements: (1) identify the right set of services (2) for a needful target market (3) delivered through the appropriate distribution methods.

sounds simple, right? no.

but, she says, “when you hook a service to a channel to a target, and you get exactly the three digits right, then all of a sudden you pop open the strategy and that’s how you get great growth.”

more from this interview:

irs emerges as major tax season competitor

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irs marketing to 100 million taxpayers for free filing.

by rick telberg
卡塔尔世界杯常规比赛时间

if you’re wondering where some of your tax business went this year, maybe the irs took it.

professional tax preparers are missing about 769,000 returns, compared to last year – business that appears to have gone to former or would-be clients now using do-it-yourself software. at typical rates, that’s about $153 million in lost fee income to the industry, enough to support thousands of practitioners, according to 卡塔尔世界杯常规比赛时间 estimates.

read more →

fixing the partner entitlement mentality

nine reasonable entitlements and 15 misconceptions, bad ideas and outright abuses.

it’s a privilege to be a partner in a cpa firm. not an entitlement. too many partnerships seem to operate as if they had it the other way around. and, in most cases, those partnerships don’t usually make the best cpa firms. marc rosenberg has seen his share of dysfunctional firms. they are no better nor no worse than the people who run them. get these 24 points of partner roles and responsibilities correct and your firm could find a renewal in spirit and in growth.

read more →

seven reasons why it’s time to start holding the partners accountable

especially in these trying times, partners must show leadership by accepting the consequences of their actions — or their inaction.

aquila

accountability is the essence of your success, according to management consultant august aquila, ceo of aquila global advisors.

aquila is co-creator of the firm growth and succession program, creating the effective partnership, which includes the research-based guides how to engage partners in the firm’s future, and leadership at its strongest.

“i don’t think that the average partner takes accountability seriously,” aquila says. “if they did, they would take their individual goals more seriously and not let their fellow partners down.” read more →

the four keys to creating a firm vision that unites and mobilizes

and the eight ways to give core values real business value.

by robert j. lees and august j. aquila
how to engage partners in the firm’s future

when we talk about having a compelling vision, we don’t just mean the simple, well-crafted statement you find in a lot of firms.

for a vision to be compelling, for it to persuade the partners that they want to play an active part in making it a reality, a vision must have four elements: read more →

new surge in wages, hours, hiring

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tax, accounting and bookkeeping employment, through february 2014

the u.s. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, according to 卡塔尔世界杯常规比赛时间 sources.

here 卡塔尔世界杯常规比赛时间 reports on:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry.
  • average hourly wages for key segments.
  • typical hours worked per week.
  • and trends concerning women in the accounting workforce. read more →

top 100 firms grow 8%

top 100 firms revenue growth, annual percentage change
top 100 firms revenue growth, annual percentage change

while payrolls lag.

the nation’s top 100 tax and accounting firms advanced total revenues by 7.8% in 2013, totaling $53.9 million, while expanding payrolls only 5.5%, according to the industry-leading accounting today study.

the gap between revenue growth and headcounts suggests that firms are banking profits as never before even as organic expansion lags.

in other highlights from the study: read more →