OUTLOOK & ANALYSIS

Local Firms Feel Fee Pressure. And Now: Big Firm Competition

Like many CPAs across the nation,  firms in Toledo, Ohio, are reporting continued collection problems.

And now, on top of that, many small firms are getting competition from larger firms moving down-market at cut-rate prices

“Business has been good, but everything is getting stretched out,” said Chuck Mira, a partner in Mira + Kolena in Toledo, Ohio. “Cash is backed up through the system. “We would like to see national banks open up credit lines.”

Price

J. Clarke Price, president of the Ohio Society of CPAs, said, “I have heard around the state that 30-day clients went to 60 days or even 90.

“Collection is more of an issue, and some clients are saying, ‘You’ve got to work with me on the fees.’”

And for the first time in years, Clarke said, locally owned CPA firms are feeling competition from big national firms trying to pick up smaller clients.

via toledoblade.com.

One Response to “Local Firms Feel Fee Pressure. And Now: Big Firm Competition”

  1. Steven Sessions

    Locally owned CPA firms are feeling competition from big national firms trying to pick up smaller clients. But here’s an example of how even having better services and products was no threat, http://bit.ly/bZqWbJ