Today's Features
MERGERS & ACQUISITIONS

Is Bigger Better? Yes.

businessman hand holding puzzle pieces

Size sells, like it or not.

By Domenick J. Esposito
8 Steps to Great

While conventional wisdom tells us that better is better, it’s plain and simple nonsense when it comes to midsized CPA firms and a convenient excuse for a less than stellar growth by a firm’s partner group.

MORE by Domenick J. Esposito
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Just look at “better” through the lens of the marketplace for both existing and prospective clients and talent.

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ADVISORY & CONSULTING

Your Advisory Offering Needs a Focus Statement

Young businessman standing on edge of rock mountain and looking across

The CAAS-Chasm is the distance between what you are doing and how it impacts your clients.

By Hitendra Patil

One in two accountants stated that advisory services is the top new growth opportunity for their firm. According to the CPA Trendlines Accountants Outlook 2024 research, many accountants also expressed that advisory is the most attractive (profitable) opportunity.

But there is a catch.

It requires accountants to cross the CAAS-Chasm.
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BONUS DOWNLOAD

The 45-Minute Problem Scaling Across Tax Teams

These workflows quietly erode firm margins.

By CPA Trendlines

The biggest cost of K-1 inefficiency isn’t always visible on a timesheet. It shows up in missed opportunities, compressed timelines, and rising pressure on already stretched teams.

WEBINAR June 3: From K-1 Chaos to K-1 Capital: Turning Compliance Bottlenecks into Advisory Opportunities

FREE EBOOK Break the K-1 Bottleneck

Consider this: Manual extraction of a single K-1 takes an average of 45 minutes. Multiply that across dozens—or hundreds—of K-1s, and the impact becomes clear. But the real issue goes deeper.

Because K-1 data often arrives late and in inconsistent formats, firms are forced to: reassign senior staff to low-value tasks, rework data multiple times, and delay higher-level analysis and planning

In many cases, the most experienced (and expensive) professionals end up doing manual, administrative work simply because timelines leave no alternative. That dynamic doesn’t just affect efficiency. It affects profitability. Budgets stretch. Margins shrink. And the ability to deliver proactive advisory services disappears under the weight of compliance demands.

Gear Up for Growth

Collapse of the CPA Firm Pyramid | Gear Up for Growth

Relationships, Not Technology, Will Define Success.
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Gear Up for Growth
With Jean Caragher

“More than anything else, I think CPAs have this incredible opportunity right now to redefine our relevance in the future,” Jennifer Cryder, CEO of the Pennsylvania Institute of CPAs, says in the new episode of Gear Up for Growth with host Jean Caragher. “What CPA meant for the last hundred years was relatively static. All of that has changed.”

MORE Jean Caragher here | Get her best-selling handbook, The 90-Day Marketing Plan for CPA Firms, here | MORE Gear Up for Growth here | MORE CPA Trendlines Streaming Network here

Cryder says that the profession is at a pivotal moment. While artificial intelligence and new market entrants are transforming service delivery, Cryder stressed that the profession’s true competitive advantage lies in human connection.

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PRO Member Exclusive

Use A PACT to Manage Change

portrait of Will Hill
Hill
 Will Hill is the founder and owner of Will Hill Consults, LLC,  a coaching and consulting firm serving the tax and accounting profession. He has been serving the tax and accounting community since 2001.

Effective communication needs to happen in three stages.

By Will Hill
The Holistic Guide to Wealth Management

The pace of change in the tax and accounting profession has increased dramatically in the last 20 years. Some change, such as regulatory change, is forced. Other forms of change, such as technology change, is imperative to make. But when it comes to making changes to your client engagement strategy, that choice is yours. I have not spoken to a firm owner yet over the past half decade who hasn’t had at least one significant change to their practice during that time. Many have gone through multiple changes per year.

MORE Rory Henry and The Holistic Guide to Wealth Management
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But just because you have gone through changes to your practice doesn’t mean you’ll be more successful. So, when we look at firms that have navigated change successfully to make a positive impact on their business, what sets them apart? They have one thing in common: They make “A PACT” for success.
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