Tariffs: What Clients Need to Know Now
Talking about politics and controversy.
By Barry J. Friedman, CPA
IndustryNewsletters
INTERNATIONAL
BKR’s Maureen Schwartz Retires; Succeeded by Howard Rosen
BKR International has named Howard M. Rosen in a new role as Worldwide CEO, effective Jan. 1, 2018. Rosen will assume the international responsibilities of BKR International Executive Director Maureen Schwartz, who will retire at the end of 2018. READ MORE →
ANALYSIS: Local Firms Worldwide Are Losing the Wars for Talent and for Clients
The eight moves smart firms are making today to win tomorrow’s battles.
By Rick Telberg
CPA Trendlines Research
Does the tax and accounting profession have a role to play in global peace, harmony, and understanding?
You may think so, based on a new CPA Trendlines analysis of a global survey of small, local, and mid-size accounting firms.
The study paints a picture of a global community of local firms with shared aspirations, expectations, challenges, and opportunities – despite (or perhaps because of) rising nationalism, protectionism, and conflicting political regimes.
MORE on TALENT MANAGMENT: Global Tax Talent Shortage Mounting into ‘Perfect Storm’ | Accountants without Borders: Tight Talent Pool Drives Salary Increases Nationwide | How to Create a Talent Management Strategy | SURVEY FINDINGS: Talent Wars, M&A Frenzy Continue | Why Job Descriptions Matter | How to Develop Home-Grown Future Leaders | New Staffing Strategies for the Next-Generation Accounting Firm
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In fact, the research finds that the talent shortage plaguing Unites States firms is now turning into a global problem. That is, by no means, a good thing. But it is another item all firms across the globe can share in common. And it is another chink in the armor of the so-called traditional business model of the owner-operator accounting firm because most of the issues flow from two overriding factors: Rampant under-pricing or owner greed (or both) that fails to build up capital reserves for re-investment in the business, and the lack of access to other sources of funding.
It’s enough to make us wonder if solutions to global problems are beyond the ability for individual nations to solve alone. Instead, multi-national worldwide strategies may be required. Maybe that’s part of the reason the American Institute of Certified Public Accountants is rebranding itself as the Association of International Certified Professional Accountants (still, just the “AICPA” to most).
But today, owning, operating or working in a perfectly “average” firm is not necessarily a sign of success. Instead, “average” seems doomed to obsolescence in irrelevancy – and on a global scale never before seen in the profession.
U.S. Accounting Pay Beats London, but Not Asia
New global study shows 43 percent of accountants are ready to jump ship. Here’s why.
By CPA Trendlines Research
The war for top talent in the U.S. accountancy profession is spreading worldwide, fueled by growth and increased confidence, according to a new global study obtained by CPA Trendlines.
Some 43 percent of accountants at multinational firms say they’ll probably leave their jobs within the next year or two, seeking more pay, better opportunities or both. The figures closely follow those found by CPA Trendlines in U.S.-focused studies (CPA Firms Paying Top Dollar for Talent in Nationwide Hiring Binge).
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How to Do Business in China, Even if You’re Not One of the Big Four
And emerge as one of the market leaders.
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One of the busiest U.S.-owned auditors in China is not one of the Big Four. In fact, it’s Houston-based MaloneBailey, an otherwise local firm of seven partners.