Comments on: CPA firms face pricing pinch http://cpatrendlines.com/2009/12/14/cpa-firms-face-pricing-pinch/ Actionable Intelligence for the Tax, Accounting and Finance Community from Bay Street Group LLC Wed, 23 May 2012 22:03:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: KC Truby http://cpatrendlines.com/2009/12/14/cpa-firms-face-pricing-pinch/comment-page-1/#comment-546673 KC Truby Tue, 15 Dec 2009 09:09:54 +0000 http://cpatrendlines.com/?p=5049#comment-546673 Plummet? I wish my stock portfolio had only dipped 1% or that my house only went down 1% or that sales were only off by 1%. In my marketing group were adjusting by going paperless, contracting more work to 'at home' retired CPA's and using the Internet to find more clients. Every recession forces us to become better business people. After 25 years of almost steady growth I think most of us have forgotten that the economy can go both ways. The big advantage I see coming out of all this is a firm using a lot more technology to move low value work out of the office to contractors. In many cases our burden rate for staffing is 40% to 50% less as we embrace the new 'virtual business' model. Plummet? I wish my stock portfolio had only dipped 1% or that my house only went down 1% or that sales were only off by 1%.

In my marketing group were adjusting by going paperless, contracting more work to ‘at home’ retired CPA’s and using the Internet to find more clients.

Every recession forces us to become better business people. After 25 years of almost steady growth I think most of us have forgotten that the economy can go both ways.

The big advantage I see coming out of all this is a firm using a lot more technology to move low value work out of the office to contractors. In many cases our burden rate for staffing is 40% to 50% less as we embrace the new ‘virtual business’ model.

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