Replaces email, paper and faxes.
Rockville, Md.-based Aronson & Co. CPAs has launched a blog, Aronson Fed Point, geared toward the government contracting community and written and compiled by members of A&C’s government Contract Solutions Group.
“There’s no question that blogs are going to become increasingly more important to business owners and entrepreneurs,” said Lisa J. Cines, CPA, A&C’s Managing Officer (pictured).
“Government contracting is an industry that moves incredibly fast and changes need to be communicated immediately. Blogging allows our experts to address these changes and how they will affect a contractor’s business. Rather than sending out more paper, more emails, more faxes, we have opted to create an online community for busy professionals where they can access a wealth of information in a central repository and share their own experiences and knowledge.”
After five years in a row of gains, revenue and billing-rate increases have slowed.
Instead, headcounts and salaries are advancing faster, eating into profit growth.
According to the annual American Lawyer magazine ranking of the top 100 firms in the U.S.: “The great run may be over. The sharp decrease in deal activity is well-known. And the classic countercyclical practices — litigation and bankruptcy — have not yet lifted all boats. Also, there is a structural indicator that points to weakness. For the first time since the bust of 2001, the growth in head count noticeably exceeded the growth in revenue per lawyer. Coupled to the body count was the much brooded-about associate salary increases last year. Many consultants argue that those costs will be fully felt this year, precisely when demand for high-priced legal help may fall.”
Full story here…
Some 57 percent of key AICPA members are pessimistic or very pessimistic about the economic outlook for the U.S. over the next 12 months.
That’s relatively unchanged from 59 percent who held negative expectations in the first quarter. The survey found just under 12 percent of CPAs in executive positions expressed optimism about the economy, virtually unchanged from 11 percent in the first quarter. READ MORE →
While Ames Research compiles its list of auditors and fees, a few nuggets have slipped out.
PwC is flat and BDO and McGladrey are down. Is the SarbOx Boom over?
Average Fees Change,
FY06 to FY07 (Companies over $500 million)
Auditor….. Avg. Change
BIG FOUR
PwC….. 0.1%
D&T….. 10.3%
E&Y….. 8.9%
KPMG….. 3.0%
NEXT TIER
Grant Thornton….. 12.4%
Moss Adams….. 10.5%
Dixon Hughes….. 7.0%
Crowe Chizek & Co. ….. 4.9%
Porter Keadle Moore….. 2.7%
DECLINES
BDO Seidman….. -10.3%
McGladrey & Pullen….. -6.4%
Battelle & Battelle….. -3.7%
TOTAL….. 5.2%
Top tips from finance and accounting professionals.
Is your firm a “leader” or “laggard?” Join the discussion.
by Rick Telberg
With consumers cutting back and CPAs getting gloomier, accountants and finance managers are rolling up their sleeves to find recession-busting business strategies.
The AICPA reports that more and more Americans are cutting back on spending in order to save money. Another AICPA survey just a few weeks ago reported that pessimistic corporate CPAs outnumber optimistic ones by a five-to-one margin.
READ MORE →
Revamped SaaS Developer Raises $29 Million in Past Nine Months.
Intacct, a revived up-and-comer in on-demand financial management and accounting applications, said it has raised an additional $15 million of financing in a round led by Bessemer Venture Partners. Existing investors Emergence Capital, Sigma Partners, and Sutter Hill Ventures all participated in the round. When combined with $14 million raised in June 2007, Intacct has raised $29 million in the past nine months, ranking it among the top funded software companies over the past year. READ MORE →
