2019: m&a boom gone bust

putney
putney

this is no time to sell for local firms. instead, it’s time to re-tool.

by rick telberg
the rosenberg national map survey

it has been said that when you buy a nice, old, colonial house, you’re buying somebody else’s problem.

more from the map survey: 2019: more focused training | 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
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the same can be said for buying a cpa firm with no succession plan.

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16 big questions for tax season

how's busy season so far? join the survey. get the results.
how’s your busy season measure up? join the survey: get the metrics.

what’s your busy season forecast? join the survey: get the results.

by rick telberg
卡塔尔世界杯常规比赛时间

the government shutdown could not have come at a worse moment for the internal revenue service.

the tax season will bring its annual avalanche of returns. the irs was already working with fewer agents than it had a few years ago, and now it’s even more shorthanded.

the new tax cuts and jobs act tax code is poorly understood by agents who need to be trained and taxpayers and tax preparers who need to be informed. even after the shutdown ends, the backlog will be overwhelming.

the biggest problem may be the uncertainties. we can think of at least 16: read more →

survey: tax accountants alarmed by tcja & shutdown

join the survey. get the results.

busy season barometer launches for the 16th year.

by 卡塔尔世界杯常规比赛时间 research

tax practitioners of all stripes across are expressing fear, uncertainty, and doubt in the run-up to busy season 2019, according to preliminary results to the annual 卡塔尔世界杯常规比赛时间 busy season barometer.

the tracking poll, now in its 16th year, takes a daily measure of the challenges, opportunities and winning strategies of the new tax season.

“with the unknown effect of the federal government shutdown on the irs and some of the new provisions of the tax cut and job act,” says one tax accountant, “we are anticipating more issues this year than in prior years. my guess is we will be extending a lot more business and personal income tax returns.”

 

join the survey. get the results.

“many new clients, including monthly clients, and tcja is adding revenue. however i remain very concerned about workflow given the new complications,” says another.

“we’re really beefing up on the new tax law, so we’re slightly ahead,” says a third. “but the government shutdown will definitely have a drag in the busy season.”

2019: how partner greed kills firms

partners must take a hit to personal incomes to re-invest in their firms. or face obsolescence and slow death.

by rick telberg
the rosenberg national map study 

so far, profitability is way up. at the large firms (those with at least $20-million in annual billings), income per partner averages $635,000. the highest earners are pocketing about $1.2 million. even the lowest-paid partners average of $282,000. but how long can that go on?

more from the map survey: 2019: more focused training | 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the always insightful and provocative allan koltin, of koltin consulting, warns: partners must invest in something besides themselves – if they want their firms to survive.
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shutdown: what to tell tax clients during “the lapse”

how's busy season so far? join the survey. get the results.
join the survey. get the results.

government shutdown scrambles busy season.

next question: how’s it affecting accountants and clients?
join the survey. get the answers.

by rick telberg
卡塔尔世界杯常规比赛时间

the internal revenue service is struggling to continue operations as the nation heads into tax season during the “appropriations lapse,” a.k.a the government shutdown.

some 16,000 irs employees are exempt from the shutdown, and another 30,000 are being called in to work without pay—a total of 57.4 percent of the 80,265 employed before the shutdown.

nevertheless, with four desks out of ten empty, the irs is holding back on most services that require human involvement.

tax practitioners would do well to advise their clients of the following:

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2019: buckle up for a bumpy road

pro members: click here to get full article. or go pro here.

global trade wars, political winds buffet business.

by kayleigh padar
卡塔尔世界杯常规比赛时间

cpas should be prepared to help their clients navigate an increasingly unstable global economy and burgeoning challenges with technology, particularly cyber threats, according to a new global study of c-level executives.

more surveys & research: jobs report: 43,000 new hires  |  cpa wealth advisor survey  |  survey: clients rush for tcja answers  |  join the accounting firm and operations technology survey  |  mergers vs. clients: winners and losers  |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the annual study from atkearney shows a bumpy road ahead for global executives, from the effects of brexit to the increase in targeted fake news campaigns. read more →

2019: tech isn’t the problem. it’s the solution

dobek
dobek

sarah dobek foresees new leaders, new services, new clients.

by rick telberg
the rosenberg survey: national study of cpa firm statistics

it may seem too obvious to bother mentioning, but the accounting industry, from audit firms to tax prep to corporate finance, is in the process of transition. but too many managers think that just means technological transition.

more from the map survey: 2019: more focused training | 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

technology may be behind a lot of the transition, but technology itself is not the transition. it’s the enabler of transition.

sarah dobek, president and founder of inovautus consulting, has identified numerous interwoven transitions in process, some already peaked and passing, others coming down the pike.

read more →

economy shakes cpa confidence

cpa outlook index (aicpa)

but they expect better for their own firms.

by kayleigh padar
卡塔尔世界杯常规比赛时间

trade wars and interest rate trends are undermining accountants’ confidence in the u.s. economy, even as their outlook for their own firms strengthens, according to a new survey of 400 c-level cpas.

more surveys & research: jobs report: 43,000 new hires  |  cpa wealth advisor survey  |  survey: clients rush for tcja answers  |  join the accounting firm and operations technology survey  |  mergers vs. clients: winners and losers  |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

only 57 percent said they were optimistic about the u.s. economy over the next 12 months, down from 69 percent in the previous quarter. cpas cite trade issues and rising interest rates as the main reasons for their pessimism. read more →

cpa wealth advisor survey

early results show double-digit growth. by 卡塔尔世界杯常规比赛时间 research the financial awareness foundation has teamed up with hb publishing & marketing company, llc and other financial associations to gauge the sentiment of independent financial planning and wealth advisory firms after the first two years of the trump presidency.
here's the link:

30 things dumb firms do

businessman with his head on backwardstop consultants list the stupid stuff.

by rick telberg
the rosenberg survey

in the wealth of information in the 2018 rosenberg survey, the leading national compendium of financial and operating statistics for cpa firms, a host of consultants points out some of the things they see cpa firms doing right and wrong.

also: 29 things smart firms do
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are some of the wrongs. read more →

survey: clients rush for tcja answers

iceberg ahead: tax hazards hidden below the surface.

8 good reasons to call every client for a year-end review.

by rick telberg
卡塔尔世界杯常规比赛时间

thanks to the tax cuts & jobs act, the 2018 tax year has been unlike any other. cpas and tax preparers have been busy helping clients make, or think about making, a new menu of possible adjustments to their financial plans.

the questions started coming in even before the act was passed into law, and they haven’t stopped. in fact, as the end of the year approaches, the pleas for counsel are accelerating, according to a new survey.

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29 things smart firms do

happy multi-ethnic business team with thumbs up in the officewhat the best firms already know.

by rick telberg
the rosenberg survey

卡塔尔世界杯常规比赛时间 finds a wealth of information in the new rosenberg survey, the leading national compendium of financial and operating statistics for cpa firms.

a host of consultants points out some of the things they see cpa firms doing right and wrong.

here are some of the rights.

read more →

redefining today’s firm

carrie steffen at m.g005e.com
steffen

clients, services and the partnership.

by rick telberg
the rosenberg survey

ask carrie steffen of the whetstone group where accounting practices are going in 2018 and beyond, and you’ll probably get at least three key issues that are being addressed at some forward-thinking firms.

more: the do’s and don’ts for a happy accounting office

  1. redefinition of client services and providing consistent services across the firm
  2. redefinition of business advisory services
  3. redefinition of the partnership model

read more →