Tax Pros Offer Advice for Small Businesses
Specific tips from your colleagues.
By CPA Trendlines Research
outlook
The Big Eight: Harsh Realities for Firms Today
Sorry. This page is no longer available. MORE from DOMENICK J. ESPOSITO: The Coming Battle below The Big Four | Seizing the $10 Trillion Opportunity | Learning to ‘Run with the Big Dogs’ | The CPA Success Formula: Ties that Bind | 8 Steps to … Continued
Accountants See Economy Improving… But Mainly for Themselves
Not so much for their clients. And they’re negative on the U.S.
By Rick Telberg
CPA Trendlines
If anyone has their finger on the pulse of the American economy, it’s America’s CPAs. They’re out there in the trenches of economic activity. They know what’s happening in their nook of the nation. They feel the optimism or pessimism of their clients, the people who make the economy work.
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And tax season is when CPAs and tax preparers receive an influx of information on how their clients are doing. Some of that information pops up in the CPA Trendlines 2016 Busy Season Survey. And the news is good… well, pretty good. Well, mostly. READ MORE →
The Five Treacherous Factors Hobbling Today’s CPA Firm
Crumbling firm infrastructures, succession, the economy, staffing shortages, and shake-outs.
By CPA Trendlines
Annual MAP Survey
The new Rosenberg MAP Survey reveals a few significant things about the state of the accounting business—that growth and profit-per-partner are growing at a negligible rate and that intangible people issues are becoming painfully tangible, for example. But some more subtle truths emerge in the gimlet-eyed observations of those who advise CPA firms.
More on the 2016 Outlook & Forecast: CPA Firm Growth Rates Hit a Wall | The Five Treacherous Factors Hobbling Today’s CPA Firm | Sam Allred: Change Agents Needed | Tamera Loerzl on Growth, Succession Plans Critical for Firms | Allan Koltin on Talent Wars Go from White Gloves to Boxing Gloves | Get the full report: The Rosenberg Map Survey
These truths are not self-evident. But with a little analysis, five trends emerge vividly – trends impacting CPA firms large, small, and middling. So it’s worth having a look:
Soloists Lag Multi-Owner Firms in Economic Confidence
Multi-partner firms show bullish signs. Soloists turn bearish on the U.S. economy.
CPA Trendlines Research
CPAs aren’t economists, but they do know numbers, and they have their fingers on the pulse of the flow of money in their local areas. They know how their own businesses and their clients’ businesses are doing, and they have at least an inkling of the causes. Remembering 2014 and living through the 2015 busy season, they are well placed to prognosticate on financial flows over the next 12 months.
CPA Trendlines survey research detects a certain optimism, but it seems to be a bit more cautious among solo practitioners. READ MORE →