Look Who’s Bullish Now

Some astute firms are seizing once-in-a-lifetime growth opportunities.

Tell me: What should CPAs do?

by Rick Telberg

The credit markets are frozen. The stock market is crashing. America’s auto makers face insolvency. Job losses are mounting. Consumers are catatonic

Some days it seems as if the wheels are falling off the economy at home and abroad.

So why are some accountants so bullish? The fact is that a number of strategic-minded accounting firms are investing aggressively in mergers, acquisitions, talent grabs, global expansions and capital restructurings.

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New Survey Results: Clients From Hell

Some new polling data indicates that 93% percent of accountants surveyed have at least “a few” clients they would like to fire.

How many of your clients would you like to fire?
Most of them: 1%
Some of them:13%
A few of them: 77%
None of them: 7%

Still, 9 in 10 accountants have terminated a client and many have done so at least once in the last year.

When was the last time you fired a client?
Never: 10%
More than a year ago: 28%
Within the last 12 months: 33%
Within the last 30 days: 22%
Within the last week: 7%

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