As one generation ages out, a new one reshapes the future of the profession. See the complete 2014 Roundtable By Jennifer Wilson Convergence Coaching Analysis Without a doubt, succession issues permeate all aspects of the firms we’re encountering. These include identifying and developing successors — especially rainmakers and practice leaders, ensuring that the buy/sell makes sense and can be sustained over time, determining retirement timing and issues, establishing and executing transition plans, communicating plans, recruiting new talent to backfill positions and exploring new ways to govern the firm to give more voice to those who will be taking over. Succession implications are far-reaching and can be consuming.
Ed Mendlowitz, CPA, ABV, PFS Author of “The 30:30 Training Method” Question: A CPA sole practitioner with a few part time staff told me that he has come to realize that he no longer had a practice, but a business, and wanted to hire a person for “growth,” not just someone to help him get through the day. He wanted some suggestions of what type of person he should hire.
By Sandi Smith Leyva, CPA Accountant’s Accelerator It’s not uncommon for even the smallest of businesses to have employees and contractors all over the world. Right now, I have an employee in the Ukraine, two employees in San Jose, a virtual admin in Orange County, a warehouse team in Indiana, a transcriptionist in Las Vegas, partners in New York, Chicago, Missouri and Atlanta, and a coach in Sydney, Australia. In the last few months, I‘ve moved from San Jose, Calif., to Plano, Texas, while my team stays put. And it won’t hurt my business one tiny bit. Here are five tips to help your virtual team play at their best.
Firms are hiring, and many staffers are thinking about a job change. Get more details, join the survey. By Rick Telberg CPA Trendlines Now five years since the banking crash that forced record layoffs at tax and accounting firms, new survey results from CPA Trendlines Research show intensifying competition for talent, with more than 42% of accountants reporting that their firms are hiring and about half of all staffers ready to make a move. “There’s a labor shortage out there,” according to Chris Hatcher, a partner at Louisville, Ky., Baldwin CPAs. “Finding good talent is hard.” Hatcher says Baldwin CPAs is looking for professionals with ambition, which he defines as an “owners mentality.” In this report, CPA Trendlines Research: – […]
By Sandi Smith Leyva, CPA Accountant’s Accelerator When you need to expand your team, the good news is there are many options available today: Full time vs. part-time Your location or theirs Contract or employee Permanent or temporary Project-specific or recurring And many more options Thousands of people are looking for work, and thousands more are looking for small tasks that they can do on the side. To find the perfect person for you, here’s a list of sites that help match you to the perfect person for your task, project or job.
Today’s best career advice: join the survey; get the answers. What’s your mentoring story? by Rick Telberg At 20 years old, the world was a blank canvas with vast opportunities for Sal Inserra. He thought he knew exactly what he wanted in life. “Until,” he once told me, “I was set straight.” Like many CPAs, Sal owes much of his career and success to a few key mentors who guided him early on. Today — as the kids head back to school and college, and as the rest of us wind up our summers and look ahead to the fall — it may be a good time to salute the mentors who help steward a great profession to the next […]
Going beyond outsourcing and virtual workers. By Sandi Smith, CPA Accountant’s Accelerator The days are long gone when the only way to build your business was by hiring full-time employees. Now there are so many more choices. Many employees are interested in part-time work. Some prefer to work virtually, which frees a company up from being limited to local talent. And then there’s crowdsourcing, a whole new way to tap into talented labor on a project-by-project basis. Crowdsourcing is a special way to outsource a task. With outsourcing, you know exactly who will be doing the task. With crowdsourcing, you don’t; people just show up and contribute. Wikipedia calls it “distributed problem-solving.”
Finance sector jobless rate falls to 4.7% from recession high 7.7% With the job market strengthening, career opportunities for finance, tax and accounting professionals are widening to places like Seattle and Phoenix, beyond traditional financial industry centers like New York according to a new study. The full list of the Top 10 cities to find a finance job: Dallas, TX Houston, TX San Francisco, CA Irvine, CA NYC & Long Island Atlanta, GA Seattle, WA Richmond, VA Chicago, IL Phoenix Source: Accounting Principals Says Jodi Chavez, senior vice president, Accounting Principals: “As the economy improves and most sectors are seeing improvement, finance professionals’ options are also growing.”
As business guru Tom Peters once said, “Soft is hard.” The careers of finance and accounting professionals are increasingly driven or delayed by “soft” skills such as general business knowledge and interpersonal communications, according to new research reviewed by CPA Trendlines.