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.
New benchmarks and insights on remote access, the Internet and telecommunications.
New benchmarks and insights on file storage and data management…
New benchmarks and trends on application software…