‘ACA is PITA BS for CPAs.’ Next year’s plan: ‘Become a monk.’ Next question: The smartest moves this busy season? Join the survey; get the results By CPA Trendlines Research As Busy Season 2015 grinds down, tax prep professionals are grappling with myriad and continuing issues with new rules, thin staffing and difficult clients, according to the CPA Trendlines annual Busy Season Barometer. But the new Affordable Care Act seems to be causing the most widespread aches and pains among accountants.
Compensation, work-life balance among the factors. Are your employees satisfied? How sure are you? Nearly 48 percent of respondents in a new CPA Trendlines survey say no, not really. Their answers range from deep dissatisfaction to on the fence.
In Comments: “More is needed. This is an opportunity for firm leadership.” Join the survey: Get more results. Results of a new CPA Trendlines career outlook survey show optimism among staffers about management support for personal advancement and commitment to training. But firms appear to be struggling to keep up with staff demands.
CPA Trendlines Strategy Shift Report: Accounting firms around the world reap benefits of easing oil prices, government stimulus and innovation. By Rick Telberg CPA Trendlines Tax and accounting practitioners are heading into a new year and a new busy season markedly more confident and optimistic than they’ve been in years, according to the 10th annual CPA Trendlines Strategy Shift Report. Professionals from Milwaukee to Tucson and Karachi to Kampala are telling CPA Trendlines of brightening business forecasts for their firms in 2015. Top Trends in Emerging Business Strategies Join the survey. Get the results. Fully 71 percent of professionals say they are more than somewhat confident in the business and economic outlook for their firms, with a record 30 percent telling CPA Trendlines they are “highly confident” for the […]
Why you can’t believe your own press clippings. By Gale Crosley, CPA Crosley+Co Ever run a race and immediately sense that you got off to an exceptionally fast start? It’s a good feeling, but if your goal is to beat out the competition there’s really only one way to know for sure how you’re doing. And that’s by marking your progress toward the finish line relative to the other racers. The same can be said of efforts to grow your firm. To gauge your progress you have to get outside your own four walls and see how you measure up to the competition.
Looking inside firms with income per partner over $500,000. By CPA Trendlines Rosenberg MAP Survey If you’re a firm with two or more partners wondering just how well your business compares to the CPA profession’s “elite” firms, you should be looking for a 5.2% revenue gain this year, according to the new Rosenberg Survey. And your revenue growth last year should have been at least 7.4%, excluding any changes that resulted from mergers. The survey, based on activity at firms across the country with annual fees ranging from less than $2 million to more than $20 million, defines “elite” as the firms with income per partner of more than $500,000. By comparison, the average income per partner for the profession’s “mainstream” firms is […]
SMBs say cloud accounting is the last thing they want. Accountants are encountering extraordinary difficulties in getting their small- and mid-size business clients to adopt cloud computing, according to new research findings made available first to CPA Trendlines. Accounting is the last operation small business wants to update. Everything else comes first, according to Software Advice, Austin, Texas-based accounting technology reviews company. Key Findings: Over half of respondents express moderate to high levels of confidence in cloud-based accounting solutions, with 32 percent indicating “moderate” confidence. With 5 percent already using cloud accounting, only 16 percent more are likely to move ahead anytime soon. The top concern with cloud-based accounting, cited by 46 percent of small business owners, is security. Cost […]
Top strategy: Compare with peers. CPA Trendlines Exclusive The pace of change in technology is leaving accountants so dazed and confused that about half of all practitioners say merely “keeping up” is one of their biggest technology-related problems. Cost comes second. Accountants are so fed up with the staggering pace of developments that you couldn’t pay them enough to try a new software product “while drinking umbrella drinks on a beach at vendor expense,” according to Randy Johnston and Leslie Garrett, writing in the new Accounting Firm Operations and Technology Survey. They caution, however, that “If you dislike change, you’re going to dislike irrelevance even more.” The survey reveals the top tactics accountants are employing to stay up to date and make […]
Who gets promoted and why in accounting: Join the survey; get the answers. By CPA Trendlines Research Tax, accounting and finance professionals don’t agree on everything. But they do seem to agree on the key traits needed to succeed in the profession, according to a new CPA Trendlines multi-year study. The questionnaire for “TALENT STRATEGIES: How to Identify and Develop Professionals for Management and Leadership Responsibilities” remains online and open as CPA Trendlines continues to collect data and refine its analysis.