By Domenick J. Esposito
8 Steps to Great
There’s no argument within the accounting profession that today’s economy is anemic, margins are squeezed and talent, particularly tax talent, is very scarce.
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On top of that:
- The philosophies of: (a) finders, minders, grinders and (b) an accounting firm model (principally low-margin compliance services) are no longer sufficient and probably are counterproductive to the perpetuation of a firm.
- Clients have the upper hand in their accounting firm relationships.
- Technology will continue to create a lesser demand on lower-level staff.
- It is widely believed that Google and Microsoft will soon become fierce competitors for certain compliance services.