And it won’t rescue the accounting business.
by Edi Osborne
Mentor Plus
“Is it a bird? A plane? No, it’s an Accountant!”
We can all relate to the desire to be a superhero, to swoop down from the clouds in Superman/woman-like fashion to rescue the damsel in distress. However, if the accounting profession is banking on mobile or cloud technology to make them a superhero in their client’s eyes, clients should not hold out much hope of being rescued.
A new movement is stirring within the CPA profession, led by a new tech- and social-savvy generation. Last week in a Chicago suburb, we met for a first-of-its-kind un-conference, organized by Jody Padar of New Vision CPA Group and titled I C … Continued
Also: Goodwill and NFP Fair Value. Listen free to the current podcast here. by Dr. Tom Ratcliffe, Ph.D, CPA Plain-English Accounting Bi-Weekly Report Executive Summary: Going Concern Assessments: Alerts + Authoritative Guidance – Given the continuing challenges faced by many reporting … Continued
Start by knowing your “opportunity number.”
By Sandi Smith, CPA
The Accountant’s Accelerator,
a CPA Trendlines affiliate
When I worked in the corporate world, it was always great to get a raise. Now that I am an entrepreneur, raises are replaced by increases in revenue and profits. More revenue and profits are nice, as long as we’re not working correspondingly more hours. So how can we give ourselves a true raise: work the same amount of hours or less and make more? Here are a few strategies for your consideration:
1. Take on more profitable work by knowing your opportunity number.
State boards should add a new tenet to ethics and licensing rules.
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Nathan Garrett, a former president of the National Association of State Boards of Accountancy, is calling on his beloved profession to make prejudice and racial discrimination a matter of the profession’s ethics code and licensing rules.
Are you building a business or buying a job? Hoisted from Comments: In “The Profession’s Four Biggest Dilemmas,” I talked about succession, staffing, commoditization, and the information glut. Here, Joe Eckelkamp at Eckelkamp and Associates in St. Louis, submits his … Continued
20 years of ups and downs, now up again. The number of people employed by CPA firms in the U.S. has topped 400,000 for the first time since last February, according to the latest data available to CPA Trendlines. Total … Continued
And what it means for accountants and the client of the future.
by David Bergstein
Wolters Kluwer
The digital future is coming faster than you think.
Blockbuster, a store featuring rental videos and DVDs, once had over 4,000 locations in the United States. They filed for bankruptcy in 2010 and were eventually sold to The Dish Network, which kept about 500 stores open.
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Michael Bowlan, marketing director at Brown Smith Wallace CPAs in St. Louis, is launching a new video blog featuring the deadpan delivery of one of the firm’s more distinctive personalities, Kyle Dodwell, a staff CPA in the firm’s insurance practice.
The purpose: “to stand out and get people to our quite good serious content on our website,” he says.
…And change how firms work. by Bruce W. Marcus Professional Services Marketing 3.0 Typical proponents of Professional Services Marketing 3.0 are lawyers and accountants who have learned to think and act like marketers, lawyers and accountants who have developed new … Continued
What recession? More accountants with jobs … ever.
by Rick Telberg
In the same jobs report that drove the NASDAQ to an 11-year peak, the accounting and bookkeeping sector recorded more people employed in the industry than ever before.
And four simple solutions.
by Rick Telberg
If this is February, then it’s the season for already forgetting our New Year’s resolutions. I don’t know about you, but I’ve already broken a few of them.
But there are some New Year’s resolutions that we cannot afford to ignore. For accountants, here are just four. That’s right: only four. That’s all we have space for here. But each is hitched to a pervasive dilemma within the profession.
Also: A&A and the Recession and SSAE No. 16. Listen free to the current podcast here. by Dr. Tom Ratcliffe, Ph.D, CPA Plain-English Accounting Bi-Weekly Report Executive Summary: 1. Our update on some special presentation issues in financial statements and the new … Continued