SURVEY: Accountants Economic Outlook Brightens
Inflation no longer the top concern.
By CPA Trendlines Research
OUTLOOK & ANALYSIS
Tax & Accounting Profession Grows, but Wages Don’t
Tax prep and payroll services are exceptions.
By Beth Bellor
When Live Events Fail
How to do in-person conferences the right way.
By Seth Fineberg
Some of you may know my views on the importance of live events in accounting. But now we’re witnessing a shift in why attendees go or need to go: Human support.
MORE SETH FINEBERG: Getting Real: Accounting Tech Decisions You Need to Make Today | Accounting Tech Doesn’t Have to Be Daunting | Who’s in Control? You? Or Your Clients? | Time Management Rule #1 for Accountants | Plan to Go ‘Live’ Post Tax Season | Why VC Is a Bigger Threat Than AI | What Does Taking Control of Your Firm Mean? | Accountants Need Each Other More Than Ever | Marchternity: Just Say ‘No’ | Some Thoughts on In-Person Events | So You Think You Know Accountants? | What Bogs Down Accountants
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Sure, CPE, networking, and quality content are indeed a thing when it comes to considering the time and expense of attending an in-person event. But accountants these days need more. They need each other more than ever.
Why Students Opt for Accounting (or Don’t)
They share their ideas for changes.
By CPA Trendlines Research
Are accountants a threatened species?
MORE in STAFFING & RECRUITING: Tax and Accounting Pay Advancing at 5.9% Pace | Which is Better: A Year of Education or a Year of Experience? | 44 Critical Criteria for Accounting Staff Performance Evaluations | Four Ways to Propel New CPAs into Growing Your Firm | Mike Whitmire: Re-Think Your Hiring and Training Practices | What New Leaders Want in Ownership |
Extinction’s still a ways off, but the numbers of CPAs are in serious decline. Between 2010 and 2021, the number of people taking and passing the CPA licensing exam fell 36 percent, from more than 50,000 to about 32,000.
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Be the Flywheel to Increase Revenue
“This will be the largest transfer of wealth the nation has ever seen in such a short period of time.”
By Rory Henry, CFP®, BFA
Rory Henry is a Director at Arrowroot Family Office and host of the Wealth Management Forward podcast. He can be reached to discuss ways to integrate financial planning into your practice through the CPA Partnership program at (310) 566-5865 or at rory@arrowrootfamilyoffice.com.
The financial advice business is undergoing significant change, particularly in the accounting and wealth management sectors. The arrival of private equity firms, combined with the rise of M&A and rapid advancements in technology, has shifted the landscape considerably. While these changes are unsettling to some practitioners, I view them as opportunities.
MORE: Four Core Principles for Elite Wealth Management | Why You Need a Team of Experts | Why a Virtual Family Office? Why Now? | Is Your Client’s Umbrella Big Enough? | Your Client’s Instincts Are Wrong | Preserving Wealth Is a Different Mindset | Three Approaches to Investment Consulting
In many ways, a CPA is a flywheel at the center of the financial advisory engine. All the other providers and advisors rotate around the CPA, and together they build momentum as the firm expands its offerings and as the advice engine gains speed and confidence.