Here’s what you’re looking for: CPA Trendlines Research

PRO Member Exclusive

Eleven Questions about Kids, Wealth and the Family Business

three people discussing a document

CPAs have a role to play.

By CPA Trendlines Research

Inheritance is notorious for ripping families apart. Many manage to divvy up their parents’ wealth with the kind of mutual love and respect we expect to see in families.

But sometimes, with the smell of moolah in the air, it’s more like a knife fight.

It’s even more complicated when there’s a family business involved.

MORE: Twelve Years and Out: Seasoned Accountants Join the Exodus | How Accounting Firms Are Handling the Staff Shortage | Gen AI in Accounting: Epic Transformation, or Overheated Hype? | Survey Shows Big Opportunities in Small Business | Salary Guides for Accountants Vary Widely: Whom Do You Believe? | Are You Earning What You Deserve? | The Slow, Painful Death of the 150-Hour Rule | Partner Comp Earnings Gap: What’s the Right Spread? | Main Street Accountants See Turbulence Ahead for Small Business
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

 

So Many Questions

Unless there’s just one inheritor, one who wants to own and run the business, there are many complex issues – financial, legal, psychological – that need to be resolved.
READ MORE →

ADVISORY & CONSULTING

Ten Topics for Your Newsletter | Listicle

By CPA Trendlines Research

Generally speaking, your newsletter should be easy to read, useful and actionable. It should help clients stay organized as they see the benefit of working with their accountant. Let your newsletter invite clients and potential clients to contact you for more information.

MORE Listicles here

These topics or the newsletter you develop from them can also be used as the basis for podcasts, radio interviews, daily email bulletins and PowerPoint presentations.

Here are 10 topics. Use your expertise to expand them.

  1. Cash Flow Management: Strategies for improving cash flow in a business
  2. Tax Deductions: Common tax deductions for individuals and businesses
  3. Investment Strategies: Insights into effective investment planning
  4. Technology in Accounting: Emerging technologies and software in the accounting industry
  5. Industry-Specific Tax Tips: Tax considerations for specific industries such as health care, retail, etc.
  6. Financial Statements Explained: Understanding and analyzing financial statements
  7. IRS Correspondence: How to handle letters and notices from the IRS
  8. Charitable Contributions: Tax benefits of charitable giving
  9. Self-Employment Tips: Tax and accounting tips for freelancers and self-employed individuals
  10. Payroll Management: Best practices for managing payroll efficiently
CHARTS & GRAPHS

Twelve Years and Out: Seasoned Accountants Join the Exodus.

No longer a problem confined to just new talent or middle managers.

Where they go: The biggest slice, 19 percent, goes into finance, followed by business and operations. (via Live Data)

By CPA Trendlines Research

In a startling shift, thousands of highly experienced top-level accountants are leaving the field mid-career, challenging the long-held view that the staffing crisis is limited to new graduates or middle managers.

RELATED: Middle Managers Getting Squeezed | Explaining the Talent Shortage in One Big Chart | Salary and Compensation Outlook for Small CPA Firms | Gen AI in Accounting: Epic Transformation, or Overheated Hype? | MORE: The Talent Crisis | DOWNLOAD The National Pipeline Advisory Group Report

For many accountants on the edge of transition, the coming years will determine whether the profession can reinvent itself to retain the trust of its workforce or continue to lose ground as one of America’s fundamental professions.

READ MORE →