in early busy season barometer readings, hope springs eternal.
by 卡塔尔世界杯常规比赛时间 research
chad davis: gone remote and not coming back.
the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间
recruiting and capacity remain challenges.
by art kuesel
the rosenberg map survey: national study of cpa firm statistics
firm leaders will respectfully ask for a day, week or even a month to catch their breath, but will not get it. running a business today is unlike anything anyone has ever contemplated. the past year brought permanent changes in how our firms operate, and the pace of change will continue. those awaiting a return to the way things were should strongly reconsider.
more: outlook 2023: grow your own partners | authenticity comes to the workplace | private equity pumps up paychecks | tech automation takes hold | irs hires will add pressures | look who’s making money now | capacity strategies drive change | top five trends | compensation gets creative | the office is over | accounting firms face up to private equity
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merger activity will continue as staffing challenges strain capacity, internal succession plans can’t be fulfilled, and needed technology investments balloon. the declining talent pipeline of accounting graduates and cpa candidates will require fresh perspective on how we grow and staff our firms in the future.
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hitendra patil: celebrate the pandemic’s silver lining.
the disruptors 
with liz farr for 卡塔尔世界杯常规比赛时间
technology is disrupting the profession, but for the good.
hitendra patil, cpa, long the head of customer success at accountantsworld by iris and an independent advisor, says that the silver lining of the pandemic is that it forced accountants to move to the cloud and to develop distributed labor models–changes that are here to stay.
more: donny shimamoto: future firm growth requires a mindshift | jennifer wilson: empower young workers to build the firm everyone loves | mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go | accounting nerds, unlock your super powers | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson
“we can’t fight the rapid technological changes – we can only leverage them to provide better service and insights to our clients,” patil said. “technology puts advisory services within the financial reach of more small business owners. but the superpower that accountants still have is the ability to connect our clients’ goals and aspirations with what’s happening in accounting,” he added, saying that it enables conversations on a higher level. “instead of pestering them for bank statements and receipts, we can ask about trends we see in the financials,” patil said.
a little at a time still gets you there.
by kristen rampe
the rosenberg map survey: national study of cpa firm statistics
retiring will continue to be difficult for many partners of small firms. even if on paper they’ve done their job of bringing in new partners, many of their successors already have a full book of business and can’t absorb all of the outgoing partner’s client bases.
more: outlook 2023: authenticity comes to the workplace | private equity pumps up paychecks | look who’s making money now | compensation gets creative | the office is over | accounting firms face up to private equity
not to mention that many newer-generation partners have no appetite for the long-hours lifestyle of baby boomers. it’s not uncommon to need two new partners to replace a founder who’s been working 3,200+ hours per year. few want that job.
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cas continues to be a huge opportunity.
by carrie steffen
the rosenberg map survey: national study of cpa firm statistics
during the pandemic, sheltering in place is allowing s to be more human and ourselves.
more: outlook 2023: private equity pumps up paychecks | tech automation takes hold | irs hires will add pressures | look who’s making money now | capacity strategies drive change | top five trends | compensation gets creative | the office is over | accounting firms face up to private equity
in marketing and sales and in managing relationships at work, we’re moving away from “personas” and toward “person.” that will translate into more individualized marketing, supported by automation tools like email marketing.
private equity is affecting even non-pe deals.
by terry putney
the rosenberg map survey: national study of cpa firm statistics
the profession as a whole has a significant problem attracting college graduates. the 150-hour requirement coupled with non-competitive compensation compared to finance degrees, as an example, is causing enrollment in accounting programs to drop and graduates to choose alternative careers.
more: outlook 2023: tech automation takes hold | irs hires will add pressures | look who’s making money now | capacity strategies drive change | top five trends | compensation gets creative | the office is over | accounting firms face up to private equity
until the profession addresses these issues, firms are going to find it hard to recruit enough talent. we predict the use of alternative sources of talent, such as offshore, will continue to grow in response to this challenge.
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erik solbakken: build the firm of your dreams.
subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).
the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间
q: why did the accountant cross the road?
a: because they did it last year.
erik solbakken, a.k.a. “the heavy metal cpa,” is on a mission to free accountants from an oppressive business model. solbakken spent 18 years working his way up to be a partner in a firm in canada, but when the partnership fell apart, he was liberated to create a new kind of firm, where he and his staff never worked overtime and he made more money. today, he acts as the guide he wishes he’d had when he started out, empowering accountants to create firms they love working in.
more: donny shimamoto: future firm growth requires a mindshift | jennifer wilson: empower young workers to build the firm everyone loves | mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go | accounting nerds, unlock your super powers | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson
how do you get away from the commoditization trap? simple, deliver to the client the transformation that they want for themselves.
solbakken said the profession has brainwashed us into believing three lies:
in payroll, employment is up, but earnings are down.
by beth bellor
卡塔尔世界杯常规比赛时间 research
want an easy way to make employees happy? give them more money – and that’s just what’s happening in the latest jobs report.
more: accounting staffs grow 4%; pay rates surge 8% | headcounts grow 5%; pay rates surge at 7% pace | cpa staff wages hit new high and keep climbing | firms battle staff shortages with pay hikes | tax & accounting firms beef up wages and headcounts | employee counts, earnings rise
except for payroll services, all tax and accounting sectors are seeing higher earnings year over year. overall pay was up 6.7 percent, with cpa firm staff pay close behind at 6.6 percent. cpa firms beat the national 7.7 percent inflation rate, increasing hourly earnings by a heady 9.2 percent.
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less time on tech means more time with clients.
by roman kepczyk
the rosenberg map survey: national study of cpa firm statistics
from a technology perspective, we already see firms ramping up to identify and implement automation tools and improved production processes.
more: outlook 2023: irs hires will add pressures | look who’s making money now | capacity strategies drive change | top five trends | compensation gets creative | the office is over | accounting firms face up to private equity
many realize that may be the only way to deal with the staffing shortages that continue to worsen… even with the expanded efforts made last year.
we can’t keep going the way we’re going.
subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).
the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间
donny shimamoto, cpa.citp, cgma, says that one of the covid pandemic’s benefits is accelerating technology adoption.
more: jennifer wilson: empower young workers to build the firm everyone loves | mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go | accounting nerds, unlock your super powers | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson
with the ongoing talent crunch, technology is one of the ways firms can get the work done with fewer people, as firm owners seek to create a sustainable balance “because we can’t keep going the way that we’re going.”
accounting leaders say these are the issues firms must face.
by 卡塔尔世界杯常规比赛时间 research
as gale crosley of crosley+consulting notes in the 2022 rosenberg survey, we are in the midst of “an unusual year of high uncertainty, unpredictability and sapped energy among our profession’s leaders.”
more trends & outlook for 2023: the biggest change in accounting? personnel | look who’s making money now | merger minded? go out on top! | capacity strategies drive change | who wants to be partner? not enough | private equity heats up m&a | top five trends | compensation gets creative | cpa partners rejoice on surging fee growth | the office is over | accounting firms face up to private equity | irs hires will add pressures | consolidation brings challenges, opportunities |
yes, indeed. the profession, once characterized as staid and stable, has been hit by a confluence of what crosley calls “four major thunderbolts,” to wit:
incentives will bring new opportunities.
by julio gonzales
the rosenberg map study
the current tax changes from the inflation reduction act include 87,000 irs hires to bolster tax return audits for small business.
more: outlook 2023: look who’s making money now | outlook 2023: capacity strategies drive change | outlook 2023: top five trends | outlook 2023: compensation gets creative | outlook 2023: the office is over | 2023 outlook: accounting firms face up to private equity
i believe the additional irs agents will create significant pressure on accounting firms to increase staff and costs associated with client audits. this will create pressures to take advantage of tax credits and incentives, but firms must do this with third-party providers with impeccable reputations.