News Roundup

from bizjournals.com Phoenix Accounting firms feeling strain of job shortage Cindie Hubiak, president and chief executive of the Arizona Society of CPAs, said she receives numerous calls every week from employers seeking accountants. “New regulatory measures have increased the demand … Continued

SurePrep Secures $3 Million in Funding

Newport Beach, CA [news release] – SurePrep LLC, a provider of tax outsourcing and workflow solutions, today announced it secured $3 million in funding from software entrepreneur Sheldon Razin. The funding will be used to introduce an onshore tax outsourcing … Continued

Who Keeps Clients . . . And How?

Answer: Service, service, service. Cost ranks second.

by Rick Telberg
At Large

Landing a client is one thing — and not always an easy thing — but keeping a client is another.

A client is a valuable thing. In fact, Bay Street Group Research and Advisory Service estimates that three-quarters of CPAs typically keep a client at least five years. And one in three keeps clients an average of at least 10 years.

Not bad! Considering that half of the finance managers we’ve talked to wouldn’t recommend their CPA firm to their closest friends. The apparent stability of the client-auditor relationship is pretty impressive.

But the contradiction of statistics leaves us wondering whether a lot of clients wouldn’t mind hooking up with a new CPA firm. A lot of them complain about auditors who come in for the audit but never offer much else — no advice on how-to, no warnings of new accounting and taxation rules, no consultations on financial efficiency, no clues on how to run a better business. READ MORE →

CalPERS dumps Deloitte for local firm

Macias Gini & O’Connell LLP scores a coup, reports the Sacramento Business Journal. The nation’s largest public pension fund, with $210 billion in assets switched from Deloitte, the world’s second-largest accounting firm, which had had the previous five-year audit contract. … Continued

11 Keys to Staff Retention

And only one of them is about money. Next question: What’s important to you in a job? Join the study; get the answers.

by Rick Telberg
On Careers

They say, “Money isn’t everything. But it helps!”

For finance and accounting professionals, salary and compensation, while important, don’t factor into job-satisfaction significance as much as intellectual challenge, meaningful work, a balanced life and a clear-cut career path.

Often, office-management style issues make the difference between keeping and losing a valued staffer. And that can be well within the control of partners and managers. READ MORE →