What Are CPAs Doing Online? Answer: Serving Clients and Making Money

Find out what CPAs like you are doing on the Internet. Join the survey; get the answers.

by Rick Telberg

FaceBook, MySpace and LinkedIn present a dizzying new world to many people, not just CPAs. But a few hardy and adventuresome tax, accounting and finance professionals are making their way into the new online world of social media, some with truly astounding results.

Take CPA Scot Justice, for example. A few years ago Justice was working for a printing company in Nashville and hoping, someday, to open his own CPA firm. He started blogging as an introductory Web presence and a marketing tool. A year or so later the company was sold and he was out of a job – and he couldn’t have been happier.

Today, Scot says, “Fifty-percent of the prospects who contact me mention this blog and how the topics I’ve written about directly relate the financial management and accounting help their business needs.” Read Scot’s blog at http://virtualcfo.typepad.com/.

Or how about Lisa Khayyat? The Charlotte, N.C., CPA calls her firm “America’s Virtual Accounting Solution.” She offers controller services, taxes and QuickBooks support – all without actually leaving the office. She blogs at http://www.virtualcpablog.com/.

And then there’s Michelle Long. Another QuickBooks ProAdvisor, Michelle has written the book on successful QuickBooks consulting, aptly titled “Successful QuickBooks Consulting.” She teaches at the local university and works with clients from all over from her Kansas City office. Find her at http://www.mlongconsulting.com/.

And that’s just a sampling of the CPAs you can find online. READ MORE →

Barry Melancon Reappointed AICPA President and CEO

The American Institute of Certified Public Accountants announced that Barry Melancon’s term as president and CEO has been extended for an additional five years by the Institute’s Board of Directors.

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VIDEO: Se Habla CPA? CFO?

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Salary Offers to New Accounting Grads Hit the Wall

Compensation for accounting majors rises less than 2%.

The staffing crisis is so-o-o-o-o over.

The overall average salary offer made to 2009 bachelor’s degree graduates is $49,353—nearly identical to the 2008 average of $49,300.

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NASBA Urges SEC to Withdraw IFRS Roadmap

Talk turns to international “convergence.”

States are apparently resisting the move to a globally-mandated set of accounting rules for fear of ceding authority to foreign regulators. And, since Obama appointees clearly have more urgent work to do, IFRS will probably be back-burnered for now. So the question is: Is IFRS dead? Should it be?

The NASBA news release:

NASHVILLE, Tenn., Feb. 19 /PRNewswire-USNewswire/ — Moving to convergence with, rather than adoption of, International Financial Reporting Standards (IFRS) is the right path for the Securities and Exchange Commission to be following, the National Association of State Boards of Accountancy has told the SEC. READ MORE →

SURVEY RESULTS: CPAs love Facebook, friends, news, Twitter and LinkedIn

Early results from a new survey into how CPAs spend their time online, shows that they shop regularly and attend webinars.

But ask them what they enjoy doing online, or where they “hang out,” and you get a different picture…

This one:

This wordle.net pictograph is drawn from the verbatim responses of 137 CPAs on Feb. 19 and 20, 2009.

To get the updates and complete results, join the CPA Trendlines survey panel here.

Meanwhile, leave a comment here: Where do you like to hang out online and what do you do there?

(CPA Trendlines research by Bay Street Group LLC. Data copyright 2009 AICPA.)

How RSM McGladrey Survived the Great Depression

How many firms could do it today?

McGladrey traces its root back to 1926 when Ira McGladrey established I.B. McGladrey & Co, in Cedar Rapids, Iowa. Three years later the country plunged into the Great Depression, but Ira McGladrey remained true to his employees and didn’t lay off a single one.

“It’s yet another reminder that there is more than doom-and-gloom out there if you care to look for it,” says Roger Philipp, CPA at the Roger CPA Review. “There is hope that just as Ira McGladrey did during the Great Depression, the industry can overcome whatever financial uncertainty awaits us.”

More at Roger’s blog.

CPAs Reveal Their Inner Geek

Tech vendors need to know what closes the sale and creates a lifelong customer

by Rick Telberg/for CPA Channel Marketer

Looking for every advantage available in a tough economy, vast numbers of tax and accounting professionals are aggressively investing in technology to improve productivity, client service and marketing practices.

Paperless processes, dual monitors and application integration top the list of hot buttons for these CPA decision-makers, according to a CPA Trendlines survey by Bay Street Group LLC.

And many CPAs are not stopping there. “We have two monitors for everyone now.  Let’s make it three a piece,” said the managing partner of a local CPA firm. “We have mastered the paperless office and web-based suite of programs and have created the infrastructure to manage our firm efficiently.”

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It’s Tax Season: Pizza Anyone?

Domino's Pizza, LLC

Dave McClure picks the five top web sites for tax season.

Domino’s Pizza is No. 5, at www.dominospizza.com.

Dave says:

You can pretend that you don’t order pizzas during tax season, but no one will believe you. That’s why Dominos made this list. Technically, most pizza lovers give Papa John’s a higher rating for taste, but that chain’s website and online ordering systems are a disaster. Pizza Hut is a close contender, with an excellent online order system and great pizzas. But the difference that puts Dominos at the top of our list is the “Pizza Tracker” feature that allows you to know within minutes when your pizza will be delivered. That, combined with economy and selection, put this at the top of the delivery list if not the flavor list

Get the rest of the list here: Five Key Websites For Tax Season.

Is the Staff Shortage Over Yet?

Accounting and consulting job postings have fallen 53% since January 2008, to 119,171 listings last month.

That’s more than any other category tracked by Indeed.com.

On the other hand, salaries continue to climb, up over 20% in the same 12 months to today’s average $46,000.

Accounting salary trends

Accounting salary trends

More at http://www.indeed.com/jobtrends/accounting-industry