New workflows require new labor models. by Steve Erickson Steve Erickson LLC I have been giving quite a bit of thought to the cost/price squeeze facing many CPA firms. Salary and benefit costs are at an all time high as a percentage of net revenue and profit margins have been decreasing for a number of years.
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Start with planning and coaching. by Steve Erickson Steve Erickson LLC Improving partner and staff accountability is essential in these economic times. Review notes and backward looking evaluations might well have some influence on future performance but do not have any impact on what has already taken place. There is a better way to get to get your partners and staff to take ownership and agree to be accountable. Here’s how you can immediately improve accountability and performance in your firm:
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Accounting Today’s fourth year for the list. Top winners are to be announced at Accounting Today’s 2nd Annual Growth & Profitability Summit on Oct. 25-27 in Las Vegas. The Best Accounting Firms to Work For list includes 50 small firms (15-49 employees), 45 midsized firms (50-249 employees) and five large firms (more than 250 employees).
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Vault.com ranks accounting firms by “quality of life” issues.
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Maybe the 150-person firm in Bellevue, Wash., has found a winning formula…
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No, you don’t OWN your clients. by Jason M. Blumer, CPA/CITP Founder, THRIVEal +CPA Network Chief Innovation Officer, Blumer & Associates CPAs I’m learning a lot these days. For instance, I’ve learned the value of where my real assets are found. An Australian colleague said he doesn’t call his clients “his” anymore. That is, he has realized something that many of us in the business are slow to accept – your clients are not your property and you do not own them. Ouch. Why Do I Believe This? Before we hit some practical aspects to this truth, let me discuss the deeper reasons for this new belief. With the Accountancy Revolution, I’m seeing that clients, or customers as I like [...]
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Sixth month of year-over-year gains. by Rick Telberg Employment in the accounting and bookkeeping sector slipped by a statistically insignificant 800 jobs in August, to 922,400 people. That was barely a change from June’s 923,200-jobs level, and it represents the third straight month of declines. But it also represents the sixth month of year-over-year gains.
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