Longtime Clifton CEO Sees More M&A Mania to Come [VIDEO]
The need for leadership, succession pressures, and bench strength are driving today’s merger mania, says Carl George
Daily Archives: February 1, 2011
New IRS Requirements Could Force Big Shake-Out in Tax Prep Industry
Wall Street: Mom-and-pop tax shops in peril.
John Hewitt, the founder of Jackson Hewitt and now CEO of Liberty Tax, expects a huge shakeout because of the new IRS requirement for paid tax-return preparers to register with the government.
Market share for the two largest tax chains, H&R Block and Jackson Hewitt, has eroded by about 9% in the past four years as do-it-yourself online tax software gained ground. TurboTax, for example, grew by about 121%. But the new IRS PTIN rules may slow the decline by forcing out mom-and-pop paid preparers, according to Wall Street analysts. READ MORE →
Cloud Computing: Eight Reasons Why Resistance Is Futile
Say goodbye to your servers and file cabinets. SaaS is coming. Kimberly Hogan, business development manager for ScanSnap sales at Fujitsu, and Taylor MacDonald, vice president of channels at Intacct Corp., make a compelling — and maybe a little controversial … Continued
Marc Rosenberg: Why CPAs Aren’t Making More Money [VIDEO]
Marc Rosenberg, author of The Rosenberg MAP Survey, says too many CPA firms fail to heed their own advice to clients: They don’t run their firms like a business.
David Bergstein: How Succession Planning Drives M&A [VIDEO]
M&A is the only succession strategy left for many older firms and partners. [YouTube]UsA0QDH91Qc[/YouTube] For latecomers to exit strategy, merging out is the default option, according to David Bergstein, CPA.CITP, director, of strategic relationships at CCH. Here he talks about … Continued