Mergers: What Could Go Wrong?

Deal-breakers: Culture, personalities, and values. (CPA Trendlines Research)

M&A veterans cite culture, personalities, and values as top deal-breakers.

By CPA Trendlines Research

Why do firms merge? Why do sellers want to sell, buyers to buy? What attracts them? What worries them? What can go wrong?

And how does that affect you?

The new CPA Trendlines Mergers & Acquisitions Survey, conducted in conjunction with Capstone Marketing, has some of the answers.

And who better to answer than practitioners who have been through the merger or acquisition process?

The survey, which delves into the attitudes and behaviors of the M&A phenomenon like no other study, is yielding a raft of surprising findings.
Join the survey. Get the results.

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Most New College Grads Plan to Start Their Own Businesses

But first, they need to pay off their student loans. Bonus: What Millennials want in a first job.

By CPA Trendlines Research

As they prepare to enter the workforce, 70 percent of young adult job seekers say the freedom of being their own boss is worth more than the benefit of job security working for someone else.

Additionally, 53 percent say they are likely to start their own business in the future, according to new research from the AICPA, which took the opportunity to promote CPA services to the wanna-be entrepreneurs.

Although the new study has no data on CPA-bound graduates, it provides some insight into Millenials' plans both as potential clients and as staffers.

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Why Firms Merge: Hint, It’s Not for the Clients

Survey shows few firms will be left untouched today's M&A tsunami.

By CPA Trendlines Research

Roughly 7 in 10 accountants have been through a merger.
Been through a merger yet? Roughly 7 in 10 accountants have, and the signs point to even more M&A activity.

The world of accounting firm mergers is churning, and whether you’re in the market for a deal or not, the frenzy will affect your practice.

A third of accountants see a very active or extremely active M&A market in the works, and more than half say the trend is accelerating, according to the new CPA Trendlines Mergers & Acquisitions Survey, conducted in conjunction with Capstone Marketing.

The survey, which delves into the attitudes and behaviors of the M&A phenomenon like no other study, is yielding a raft of surprising findings.
Join the survey. Get the results.

Your competition and client market are going to shift around, with smaller firms disappearing, then popping up inside bigger firms, and clients dragged here and there, some of them looking for new CPAs. And if you’re scouting for talent, it could get hard to rope them in.

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Merger Mania: Hot and Getting Hotter

Half of all firms may be in play. Is yours?

New CPA Trendlines survey says: One-third of accountants term the M&A market more than just moderately "active."
77% of accountants term today's M&A market at least "moderately active," including 33% who say it's "very" or "extremely" hot. (CPA Trendlines Research)

By CPA Trendlines Research

Hold on to your hat! A new tidal wave of mergers and acquisitions is about to swamp the tax and accounting business from sea to shining sea.

Three-quarters of tax and accounting professionals are calling the current M&A market for accounting firms as “active,” with 33 percent of them terming it “very” or “extremely” active, according to the new CPA Trendlines Mergers & Acquisitions Survey, conducted in conjunction with Capstone Marketing.

The survey, which delves into the attitudes and behaviors of the M&A phenomenon like no other study, is yielding a raft of surprising findings.
Join the survey. Get the results.

READ MORE →

Accountants Gear Up Marketing Efforts in Battle for New Business

Views from the frontlines, clockwise from top left, Canales, Raml, Morgese, Reinhard, Walker

Our exclusive new study shows intensifying competition for good clients.
Join the Survey. Get the Results

By CPA Trendlines Research
Gear Up for Growth: The Marketing Trends Manual for Accountants

The American economy is booming, the tax code is changing, and there’s a lot of new and expanding business for tax and accounting firms to serve.

So it’s no surprise that firms are ramping up their marketing efforts to compete for the bounty that’s out there.

About 73 percent of firms are planning additional increases in their marketing efforts, according to "Gear Up for Growth: The Marketing Trends Manual for Accountants," conducted in collaboration with Capstone Marketing. Barely 4% are cutting back.

The survey remains open and participants receive a special executive summary of the topline results at no charge, just for taking the survey. Join the survey. Get the results

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Should the IRS Go Down in History?

Stock image of businessman pushing a giant stack of documents isolated on white background3 reasons an agency historian would be a good idea.

By CPA Trendlines Research

Karl Marx may have been wrong about workers rising up against their capitalist overlords, but he was right in observing that much of history can be explained by economics.

MORE: 5 Easy Ways That Congress Could Fix Tax Collection | 4 Ways to Fix IRS Collections | Taxpayers Deserve Better Receipts | What’s the Real Impact of IRS Audits?
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If history and economics go hand in hand, it makes sense  that the Internal Revenue Service, an entity through which trillions of dollars pass in a constant flow, should have an in-house historian. Its policies, programs, decisions, managers, records, cases, controversies and artifacts are an important part of American and world history – but only if they survive for historical analysis.
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4 Ways to Fix IRS Collections

Home foreclosure? Put on the brakes.

By CPA Trendlines Research

Tax assessment and collection – this is the juncture where taxpayers really get to know their favorite federal agency ... or, if not favorite, the only one that touches virtually every working American.

MORE: 3 Ways to Improve IRS Levies | How the IRS Abuses ‘Math Errors’
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It can be a heavy touch to a tender area, the one in the vicinity of the wallet. So it’s a touch that can always use improvement.

Fortunately for taxpayers, the Tax Advocacy Service  suggests 16 ways Congress could make the assessment and collection touch a touch softer.
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3 Ways to Improve IRS Levies

Hand drawing a rainbow-colored 3Because common sense isn't always common.

By CPA Trendlines Research

There’s a rumor that the pillared citadel of the Internal Revenue Service on Constitution Avenue has a secret room where no one ever goes. It’s the largest room in the building, yet empty save for distant echoes in the dark. The room has a name. It’s called The Room for Improvement.

MORE: How the IRS Abuses ‘Math Errors’ | Taxpayers Deserve Better Receipts | Troubles with IRS Private Debt Collection | What Difference Does One Word Make? | What’s the Real Impact of IRS Audits? | Data Divers Profile Taxpayer Filing Styles
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OK, that’s an exaggeration. The IRS is constantly improving, at least when Congress gives it the funds to do so.

But that doesn’t mean The Room isn’t there.
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How the IRS Abuses ‘Math Errors’

Businesswoman with headache at laptopOIC fees, partial payments are counterproductive.

By CPA Trendlines Research

Improve the Internal Revenue Service?

Yes, it is still possible.

One general area that could use some big-time tweaking is that of tax assessment and collection procedures. The National Tax Advocate has found no fewer than 16 ways to make the IRS more fair and more efficient.

Which ones would you recommend? READ MORE →

Are You Ready for the New Lease Accounting Standard?

Dart stuck in bull's-eye of dartboard8 steps to take.

At the start of 2019, the implementation deadline for the Financial Accounting Standards Board’s (FASB) new lease accounting standard passed for public companies.

Now, the focus – and pressure – is on privately held organizations, which must adopt the requirement by 2020.

And new research suggests that many of these firms may find themselves scrambling to meet the deadline for compliance.
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