OUTLOOK & ANALYSIS

2015 FORECAST: Healthy Revenue Gains Nationwide for Firms of All Sizes

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Business hand holding hot chart in crystal ball

Exclusive to CPA Trendlines

Tax and accounting firms across the nation are projecting in the new “National MAP Survey of CPA Firm Statistics” steady revenue gains through the end of 2014 and into the New Year.

A big chunk of CPA firms are increasing their reliance on consulting services as a fee generator during the profession’s third year of steady expansion in 2013, according to the report, best known as “The Rosenberg Survey” for its founder, CPA Trendlines contributor Marc Rosenberg. READ MORE →

4 Ways to Decide How to Pay Out Capital

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Businessman calculates numbersHow firms decide the capital payable to a retiring partner.

By Marc Rosenberg
Retirements & Buyouts

We know there are two parts to retirement benefits:

  • Capital
  • Goodwill

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The issues involved in determining the capital are very few and straightforward compared with the goodwill determination, which is far more intricate and nuanced.

In fact, there are four main variables in calculating the capital. This compares to 25 variables for goodwill. READ MORE →

Is Your Network Drive a Disaster Waiting to Happen?

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Big pile of wires on the floorCloud systems can ease the burden at upgrade time.

By Roman H. Kepczyk
Quantum of Paperless

The network drive in most firms is not very well organized and needs the most cleanup. This happens because it is usually managed with Windows Explorer, which allows almost anyone to create or access a file anywhere on the drive.

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Unfortunately, there is seldom a firm standard that is adhered to, allowing users to create files with any name they want and store it anywhere they please. The result can be files that are hard to find and slow to search across the network. READ MORE →

Big Firms Keep Getting Bigger

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Good news for small firms, too, but not as much.financial graph on blackboard

For CPA firms, bigger is better and keeps getting better in terms of revenues and profits for the practices and income for their individual practitioners.

So say the results of one of the profession’s best-respected monitors of practice management trends and CPA firms’ financial performance, “The National MAP Survey of CPA Firm Statistics: The Rosenberg Survey,” which is based on data from across the profession from solo practitioners to firms with more than $20 million in net fees.

READ MORE →