Coronavirus

Four Ways to Beat the Staffing Shortage, with Pasha Malik

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Kill the billable hour, embrace remote work, stay flexible, get social, says Pasha Malik of Thyor.

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With Richard Rothstein

MORE on THE STAFFING CRISIS:  The Digital Toolset for Hiring at a Small Accounting Firm  |  Learning How to Hire amid COVID  | How COVID Rewrites the Rules for Recruiting | Steven Braunstein: New COVID Strategies for Staff Recruiting and Retention | IRS Has Recruiting Problems, Too | 12 Signs It’s Time to Outsource | How Aging Boomers Impact the Accounting Profession | Why Remote Workers Need Retreats | 44 Key Attributes for Assessing Staffers | Coaching the Right Way | 20 Best Practices for Staff Training and Retention | The Art and Science of Hiring: Three Essentials for the COVID Age | Uncover Potential in 10 Interview Questions | Why Your Firm Needs to Attract More Millenials | Why Small Firms Can Win the Talent Wars | The One Big Reason Your Hiring Sucks | Five Ways to Improve Operating Margin during COVID | Getting and Keeping the Best People | Be a Talent Magnet | Who’ll Quit Next? | Why You Must Constantly Push Work Down |

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Twitter and Linkedin are the go-to resources for finding new talent at the McLean, Va.-based Thyor group of companies, founder and CEO Pasha Malik tells Richard Rothstein for CPA Trendlines.

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How to Embrace the Blended Future of Work

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Convergence Coaching research suggests eight steps to take.

By CPA Trendlines Research

The COVID-19 pandemic has been many things for many people.

For the wise, it’s been an education.

MORE: The Future is Blended: Combining Remote and Office Work
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Or, to put it another way, the mother of invention.

CPA firms have been quick to invent. What the wise have realized is that the inventions aren’t temporary measures destined to disappear when no longer needed. Many are here to stay, and the accounting industry will be better off with them.
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Staffing: The Digital Toolset for Local Firms

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Manny Cosme explains how and when to leverage ZipRecruiter, Indeed, and social media.

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With Richard Rothstein

Accounting firms need to use every tool available to maintain a fresh supply of top-notch talent, according to Manny Cosme, President of CFO Services Group, in this CPA Trendlines interview with Richard Rothstein.

MORE on THE STAFFING CRISIS:  “The New Normal” Will Never Be Normal Again  |  Learning How to Hire amid COVID  | How COVID Rewrites the Rules for Recruiting | Steven Braunstein: New COVID Strategies for Staff Recruiting and Retention | IRS Has Recruiting Problems, Too | 12 Signs It’s Time to Outsource | How Aging Boomers Impact the Accounting Profession | Why Remote Workers Need Retreats | 44 Key Attributes for Assessing Staffers | Coaching the Right Way | 20 Best Practices for Staff Training and Retention | The Art and Science of Hiring: Three Essentials for the COVID Age | Uncover Potential in 10 Interview Questions | Why Your Firm Needs to Attract More Millenials | Why Small Firms Can Win the Talent Wars | The One Big Reason Your Hiring Sucks | Five Ways to Improve Operating Margin during COVID | Getting and Keeping the Best People | Be a Talent Magnet | Who’ll Quit Next? | Why You Must Constantly Push Work Down |

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Cosme makes some great points about working for a small nimble firm like CFO Services Group and the challenges of retaining great talent in the face of competition from bigger firms for high-quality talent. READ MORE →

Remote Work Is Here to Stay

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pie chart
The Next Normal Arrives: Fully 81% of accounting firms see an increase in remote work even as they re-open their offices. (Convergence Consulting)

As accounting firms re-open, they’re competing for talent on work-from-home plans and reaping windfalls with smaller offices.

By CPA Trendlines

No doubt about it, a capacity to work remotely has saved the tax and accounting business.

The question now is: What will tomorrow’s tax and accounting offices look like, post-pandemic?

MORE:  Learning How to Hire amid COVID | SURVEY: CPA Firms Reject Staff Vaccine Mandates   |  COVID-19 Changed What We Watch and How  |  Why Remote Workers Need Retreats   | Steven Braunstein: New COVID Strategies for Staff Recruiting and Retention   |  Josh Fisher: Battling for Staffers  |  “The New Normal” Will Never Be Normal Again   |  How and When to Leverage ZipRecruiter, Indeed, and Social Media  |  How COVID Rewrites the Rules for Recruiting  |  Staffing Shortage? Look at Your Business Model

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In fact, the increase in remote work is likely to continue and expand in the future. READ MORE →

Nine Smooth Moves to Build Client Satisfaction

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Which do you need to work on?

By Bill Penczak

Client relationships have never been more vulnerable, as other firms, reeling from the COVID crisis, will be knocking on your clients’ door with promises of better service, more services, and lower rates.

MORE: Re-Thinking Today’s Firm with Five Global Leaders | 5 Things Your Firm Should Do Differently This Summer | Do You Have the Guts to Beat the Covid Crisis? | How to Inoculate Your Firm against Covid Competition | ‘Found Money’ Delights Clients | The Three R’s for Beating the Corona Crisis
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Now, more than ever, tax and accounting firms should examine how they can constantly improve the service and relevance to their clients, for today and into the new normal.

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SURVEY: CPA Firms Reject Staff Vaccine Mandates

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Post-Pandemic: Staffing tops lists of concerns, remote work here to stay. 

Some 37% of CPAs say their firms and companies will be making remote work options a permanent fixture. (via VSCPA)

By CPA Trendlines
via the VSCPA

The future of the tax, accounting, and finance workplace will include more remote working and hybrid options in the wake of the pandemic — and some office footprints will shrink, according to a new survey of CPAs. But vaccinations won’t be required in many offices.

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IRS: Short on Time and Running Out of Room

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The situation isn’t funny, but laughing beats crying.

By CPA Trendlines

Half the country may be vaxxed to the max, but that hasn’t helped the IRS recover from last year’s COVID-clogged backlog. In fact, it’s gotten so bad that the backlog is causing a logjam that’s backing up more logs.

MORE: 173% Increase in IRS Correspondence Backlog | Hunker Down: The IRS Backlog Isn’t Going Away Anytime Soon | The IRS Studebaker Bomb | IRS Has Recruiting Problems, Too
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When tax clients start to gripe about the refunds they haven’t received, maybe not even last year’s, describe this scenario to them, as described by the Interim Results of the 2021 Filing Season Report from the Treasury Inspector General for Tax Administration.
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