And why other firms should worry
By CPA Trendlines Research
If your firm is 10 tears old, its probably getting stale facing intense competition for talent and Grade-A clients from newer firms, less than 10 years, according to new research
MORE: Keep These Tax Clients While You Have the Chance | Some Clients Just Aren’t Worth the ‘Mishegoss’ | When Should You Drop a Client? | What’s the Most Ridiculous Thing You’ve Heard in Tax Season? | Back to Basics with Client Service | 4 Steps to Firing a Client | Top 10 Ways to Fire the Client From Hell | SURVEY: Zoom, Teams Top Meeting Choices | The Hazards of Poor Internal Controls | Plan for Your Client to Exit Their Business | What New Leaders Want in Ownership | Find Your CAS Team at Your Firm | Six Ways to Fix Your Firm Agreement
Exclusively for PRO Members. Log in here or upgrade to PRO today.
It was the youngest firms – those in business for just one to two years – that scored highest. In hindsight, the reason is obvious: they began their firms during the pandemic. They didn’t have to change or adapt to the rigors of remote offices and limited client contact. They built their firms to fit the pandemic context.