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CHARTS & GRAPHS

Immigrants: Surging Market for Tax & Accounting Services

Percentage of U.S. self-employed born abroad reaches 19.5 percent. Source: US SBA

Newcomers drive the nation’s solopreneur sector.

By Rick Telberg
CPA Trendlines

Nothing says American like entrepreneurship. No nation offers such fertile soil for the seeds of business. And small businesses are the underlying energy of the American economy. Fed by inspiration, elbow grease, and gumption, they account for a disproportionate amount of the nation’s jobs, mobility, and innovation. When small businesses thrive, everybody thrives.

Three new reports on entrepreneurship from the U.S. Small Business Administration offer insights that may be of interest to CPA practices. Each report looks at one of three groups that are in the news every day: Millennials, seniors, and immigrants.

It may surprise many that the educated, tech-savvy millennials are increasingly less likely to start their own businesses.

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POLITICS & GOVERNMENT

SURVEY: Accountants’ Best Advice for President Trump

Budaj

‘Don’t screw this up.’

By Rick Telberg
CPA Trendlines

Suppose you could have President Donald Trump’s ear for just five minutes—just the two of you in the Oval Office, and him eager to hear and heed your advice…

What would you tell him?

Floridian Deborah Budaj says, “I would discuss the timeline and plans for removing the burden of Obamacare from businesses, and also from individual healthcare plans.”

Martin J. Rooney would like to see some assistance for the hoi poloi: “We need to find meaningful work for the non-college educated people.  It may require some form of Government subsidy and hence taxes may need to rise, but without work, the forgotten people have no hope. They are not participating in the U.S. dream.”

Rooney

RELATED:  Why Accountants Voted the Way They Did  |  Accountants See Better Business Outlook following Presidential Election

On the off-chance that he might call in a CPA for some pragmatic and unbiased counsel, CPA Trendlines asked just such a question in our survey on the presidential election of 2016. As it turns out, CPAs are prepared for their summons to the Oval Office. They have opinions. They know what needs to be done. They aren’t necessarily in agreement, but if duty calls, over 1,000 CPA Trendlines members are prepared to proffer presidential pointers.

There is, of course, no shortage of snide advice.

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ABOUT US

AccountantsWorld Hires Hitendra Patil as Director of Practice Development

accountantsworld-logoCPA Trendlines contributor and author.

By CPA Trendlines

AccountantsWorld, a leader in cloud-based solutions for accountants, announces today the appointment of Hitendra R. Patil as director of practice development, responsible for helping accountants more fully leverage AccountantsWorld’s solutions and for advancing the company’s cloud technologies.

Hitendra has served the accounting profession for over 12 years and the technology-enabled financial services industry for 25 years in numerous capacities across multiple countries. Prior to AccountantsWorld, he worked as the chief operating officer of Pransform, Inc., a processing solutions provider for small- to medium-sized accounting, CPA and tax firms in the U.S. Before joining Pransform, Hitendra was the assistant vice president of global financial services at Viteos Technologies. He’s also the author of the critically acclaimed book, “Accountaneur: The Entrepreneurial Accountant,” devoted to helping accountants become more entrepreneurial in their quest for robust and profitable growth.

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