Big Firms Keep Getting Bigger

Good news for small firms, too, but not as much.financial graph on blackboard

For CPA firms, bigger is better and keeps getting better in terms of revenues and profits for the practices and income for their individual practitioners.

So say the results of one of the profession’s best-respected monitors of practice management trends and CPA firms’ financial performance, “The National MAP Survey of CPA Firm Statistics: The Rosenberg Survey,” which is based on data from across the profession from solo practitioners to firms with more than $20 million in net fees.

READ MORE →

6 Ways to Take a Client Beyond Tax Prep

Ed Mendlowitz CPA The Practice Doctor Q and ASet an agenda; call a meeting.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: I have many small business tax clients and seem to lose them as they grow. I provide good service, never have extensions and call the clients in July to see if I can update their books and in December if they want any year-end tax planning. What else can I do?

RESPONSE: Based on our conversation, you are their tax preparer and they do not think of you as their “accountant” or business advisor. And based on what you told me, you aren’t, although you obviously have the skills. READ MORE →