no. 1: get out of my way and let me work. as important as a paycheck is to accounting firm staffers, compensation is not the top motivator at work, according to the 2010 career development survey sponsored by inside public … continued
money lures one in five staffers to new job. newly released survey data show that almost 20 percent of cpa firms’ junior staff, those with three years of experience or less, plan to leave their current firm by the end … continued
making partner in an accounting firm is not what it used to be.
by rick telberg
traditionally, becoming a partner in a cpa firm meant the end of a long, hard slog of grunt work and extended hours. but in today’s competitive environment, making partner is only the beginning of a new chapter of risks and challenges. and the work isn’t getting any easier.
today’s top cpa firm leaders are looking for new ways of building successful, enduring organizations. according to accounting firm management consultant august aquila, the culture of collegiality that gave way to a culture of entitlement is giving way to a new culture of performance and accountability.
“the lack of accountability can have a real impact on a firm’s profits,” aquila says. and with today’s shortage of high-level talent, new pressures to produce value for clients, and a white-knuckled squeeze on profits, holding leaders accountable has rarely been more critical to survival and success.
“but accountability is hard to implement,” aquila says, leading firms to make some common mistakes, like turning it into a checklist, or simply logging more information about evermore-minute activities.
strong showing from midsized accounting firms through recession. the soon-to-be-released rosenberg map survey of over 400 mid-market cpa firms is expected to show average net income per partner of $354,000, down 3% from the year before. marc rosenberg, the creator … continued
and 5 things you can do about it. by rick telberg the next 15 years could see as many mergers or acquisitions among accounting firms as we’ve seen in the last 100, according to conventional wisdom. the reasons, of course, … continued
(what recession?) the surprising thing about aomar’s cpa firm practice management survey 2010 is that there were so few surprises. the study turned up very few significant changes between 2009 and 2010. of course, it’s possible that the major metrics … continued
no fee growth across all sizes of firm by marc rosenberg, cpa the mantra in 2009 was “flat is up,” which meant that cpa firms would gladly settle for 2009 revenues that simply held firm at the 2008 level, given … continued
bls reports workforce at seasonally adjusted 930,500. january’s 930,500 roster represents a seasonally adjusted gain of about 10%, one of the largest month–to-month changes in recent memory. january’s gain followed a 2,700-jobs gain in december, to 918,4000, a figure which … continued
especially cpas. the new “occupational handbook” from the bureau of labor statistics at the department of labor reports that job growth for accountants and auditors should surpass 20% through 2018. the prospects are especially bright for cpas, according to the … continued
economists predict demand for accountants and auditors will explode over the next few years. by rick telberg in a report that’s getting a lot of attention from savvy cpa firms and financial services headhunters, the bureau of labor statistics (bls) … continued
accountants get it done, no matter what it takes.
by rick telberg
many accountants and finance managers, faced with the pressures of a tough business environment and now the upcoming busy season, say they are working harder than ever. read more →
as we go into the final stretch, most tax professionals are reporting that this busy season has been as good as or better than last year’s. by rick telberg but any achievement is tempered by the continuing concerns of white-knuckled … continued
busy season this year comes amidst the worst economic crash in a generation. how are cpas handling it? actually, not too badly. at least not yet. true, the economy remains the biggest worry, and collections could become an issue. but … continued