Is Your Business By Design or Default?

Rob Nixon: You shouldn't be a slave to your business – it should be a slave to you.5 key areas of focus when re-modeling your business.

By Rob Nixon

Most accounting firms are operating their business by default – not operating their business by design.

MORE ON STRATEGY: 12 Predictions on the Future of Accounting | Finding New Opportunity in Compliance Services | How Offshoring Is Shaking Up Accounting | The Profession Disrupted: Compliance Commoditized
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Most accounting firms just seem to exist. They get through the years with a limited plan; they seem to “acquire” a bunch of clients who are a hodgepodge of make, model and size. They do not typically run the firm like a business, and worst of all the partners typically operate the firm based on learnings from the partners of the firms where they used to be employees.
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12 Predictions on the Future of Accounting

Business hand holding hot chart in crystal ballWhen the market changes, what will be left for you?

By Rob Nixon

The last time I made 12 predictions on the future of the accounting profession was in 2010. They were bold predictions and I am happy to report that 66 percent (eight) are done and the other four are a work in progress but happening.

MORE ON STRATEGY: Finding New Opportunity in Compliance Services | The World Is Flat | Will the Internet Replace CPAs? | How Offshoring Is Shaking Up Accounting | The Profession Disrupted: Compliance Commoditized
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The profession has changed a lot mainly due to the new threat and opportunity with cloud computing. So it’s time to make another 12 predictions…
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Finding New Opportunity in Compliance Services

A new recipe for the secret sauce of success.

By Rob Nixon

Statutory compliance or “have to” annual accounting is mandated by the government as a task you need to do with your clients.

MORE ON STRATEGY: The World Is Flat | Will the Internet Replace CPAs? | How Offshoring Is Shaking Up Accounting | The Profession Disrupted: Compliance Commoditized
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The main reason the government agencies want you to do this task is so you can accurately (or thereabouts) collect the right amount of money for them. The government agencies are not that interested in the accounting profession.

The secondary reason is to check that your clients are complying with their rules. The government is using you as an intermediary. They are outsourcing their job to you. READ MORE →

The World Is Flat

Montage of a pretty eye with the world continentsThe cloud changes everything, even the way of the dinosaur.

By Rob Nixon

I have a theory as to why most clients of an accounting firm are within a driving radius of the firm.

MORE ON STRATEGY: Will the Internet Replace CPAs? | How Offshoring Is Shaking Up Accounting | The Profession Disrupted: Compliance Commoditized
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My theory is that way back when(ever) the clients used to travel to the accountant’s office with their “stuff” (cashbooks, receipts, livestock headcount, paperwork, etc.). They’d get dressed up in their Sunday best for the occasion, have a pleasant conversation about the year that was and then leave.
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Will the Internet Replace CPAs?

"Search for solution" on computer screen3 steps to remaining relevant.

By Rob Nixon

It seems we use the Internet for everything we want or need to know!

MORE ON STRATEGY: How Offshoring Is Shaking Up Accounting | The Profession Disrupted: Compliance Commoditized
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Addresses, companies, people, products, concerts, store opening times, weather, golf handicap, cycling routes, friends’ whereabouts (or what they are eating – yuk) and the BIG one…”how to do” everything. The Internet seems to be our first port of call for anything we want to know or find information on.
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