SURVEY: The One Document Management System that Dominates All Others
“Other” and “DIY” come second and third.
By Accounting Firm Operations and Technology Survey
OUTLOOK & ANALYSIS
Tax Pros Hold Slimmest of Margins in E-filings
But those filings remain down 17 percent.
By Beth Bellor
SURVEY: How Do Firms Scan 1040s?
CCH, Doc.it, SurePrep battle for adoption by accounting firms.
By Accounting Firm Operations and Technology Survey
Is the Worst Over? 63% of Small Business Say So
But 84% worry about a second wave of infection.
By CPA Trendlines
As business owners across the country focus on getting back to business, 63 percent feel the worst is behind them when it comes to the impact of COVID-19 on their operations, according to new research from a payroll agency that handles payrolls for 670,000 small- and medium-sized businesses.
MORE on the COVID CRISIS: Six Ways Accounting Firms Will Never Be The Same Again | Retired CPA Partners Face Pay Cuts from Covid | COVID Tests Accountants’ Entrepreneurial Talents | Deciphering the SBA’s New PPP Loan Forgiveness Rules [New Dates Added] |
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However, four in five business owners are somewhat or very concerned about a possible second wave of infection.
Retired CPA Partners Face Pay Cuts from Covid
Firms target annual net profit caps, early retirement provisions, and mandatory retirement ages.
By Domenick Esposito
With profits likely to take a short-term hit, retired partners at many CPA firms are facing cuts to their payouts, according to our straw poll of 30 leading firms.
MORE from DOM ESPOSITO: Keep Your Firm from Biting the Dust | The Six Ingredients for Firm Value | Four Ways to Add $100,000 in New Business Fees Every Year | Eight Steps to Small Firm Survival | No Partner Candidates? Whose Fault Is That? | Prune Your Firm: ‘Rightsize’ Managers and Partners | How Partners Fail | Ineffective Management Is Hazardous to Your Firm’s Health | Profitability Requires Discipline |
Coronavirus crisis updates: Start here for a guide to all our coverage.
With Covid-19 hurting revenues and bottom lines, firms of all sizes are reconfiguring their staff loads and renegotiating their space requirements.
But we haven’t heard much about what firms are doing about their obligations for deferred compensation partner retirement plans. Until now.