How big is a small firm? AICPA says $25 million.
New market intelligence has surfaced as the result of a small row between the AICPA and the U.S. Small Business Administration, suggesting the idea of a mid-sized firm may be a wishful notion. According to AICPA calculations, Big Four firms control about half the revenue and half the jobs, and most of the rest of the industry should be classified as small business.
Small business optimism slumps in March, according to SurePayroll.
The index fell two percentage points from February to 69 percent in March, with hiring is down 2.2% year-to-date. “While large businesses, medium-sized businesses and even larger small businesses may be seeing improvements in hiring, the smallest of businesses aren’t,” the company said.
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And ADP has an app for that. Good news for accountants and payroll providers alike: small business owners say in a new survey from ADP that they need to spend less time managing their businesses in order to grow. “In … Continued
“Online presence” tops business strategies for this year. Interestingly, a list of CPA firms’ plans wouldn’t look much different. See Accounting Firms Dive into Digital Marketing.
Signed into law by President Obama on March 18, the HIRE Act has the potential to be a direct boost to a business’ bottom line because it will both help employers and at the same time encourage job creation. by … Continued
If you ask your clients, you might be surprised. How do accountants define success? Join the survey, get the results. Accountants often define success in terms of revenue, net income, or maybe client service. But the Enterprise Council on Small … Continued
Census data shows 25% increase in home-based entrepreneurs. The number of people who worked at home increased by nearly 2 million, from about 9.5 million in 1999 to about 11.3 million in 2005, according to new data released by the … Continued
They’re thinking “short-term.” Do you know what that means and how to use it? A huge 45% of small business owners consider their focus to be short-term rather than long-term. Additionally, when the Executive Board asked business owners what they … Continued
Even if the economy isn’t helpful, businesses can start planning now on how to improve their operations.
“The main goal is to manage cash flow more efficiently,” says Leigh Lones, Risk Director, Bibby Financial Services, a factoring company. “With some forward thinking and planning, businesses can implement important changes to their operations to improve their bottom lines, even if the economy remains lifeless.”
10 New Year’s Resolutions for Businesses
1. Pay your employees first, they are your highest priority and don’t forget the IRS – keep current with payroll taxes.
2. Pay attention to the credit worthiness of your customers so you are confident your will get your money. Remember a sale is not a sale until you have been paid.
3. Limit the amount of business you do with any one customer so you aren’t left penniless if they run into trouble and are unable to pay. READ MORE →
Aliign offers one-stop shop for integrated and flexible tax and accounting services Indianapolis-based Blue & Co. is reportedly launching an independent business unit aimed at small business called Aliign LLC in the Indiana and Ohio markets. Kentucky is due to … Continued
The ARRA federal recovery program could add 1.6 million jobs to small businesses. Local and regional accounting firms — the backbone of the profession — stand to reap a small windfall, if not a lifeline, from the federal spending plan. As we’ve … Continued
Venture gives Intacct access to millions of small and mid-sized businesses through CPA channel. Cloud computing, software-as-a-service, or web-based software — whatever you call it — has long been evolving as the next step beyond CD platters, downloads and endless … Continued
The Obama administration is focusing some of its recovery efforts on small businesses. “It’s about time,” says Bill Sheridan here: CPA Success: Small business takes its turn in economic recovery’s spotlight.