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How to grow your CPA firm in the midst of change

ThomsonReuters

It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? Take accounts receivable for example.

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List of the Day: These Are the Firms on the 2023 MOVE Project Best CPA Firms for Women List

Going Concern

From the list’s press release [ PDF ]: In the 2023 Accounting MOVE Project report, released today, a talent-starved profession receives a fresh influx of strategies and inspiration for investing in the women it must attract and retain to achieve short goals and survive long-term.

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CNA to provide CPA firms with BOI coverage

Accounting Today

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

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Friday Footnotes: The Metaverse’s First CPA Firm Gets Sued; CPA Exam Blueprints; Mad Mergers | 1.6.23

Going Concern

So customers have filed more than a half-dozen proposed class actions against the NFL’s Tom Brady, accounting firm Prager Metis and Bankman-Fried as an individual, among others. Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs.

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Monday Morning Accounting News Brief: Tax Fees Up, Coolness Still Down; | ‘Lavish’ ERC Mill Hit With a Lawsuit | 1.8.24

Going Concern

Here’s some news from the AICPA via CPA Journal : Firms had a strong fiscal 2022, but number of accounting majors drops sharply. Accounting firms had a good fiscal 2022 with median growth rate of 9.1% growth rate from two years ago when some firms were struggling with the COVID-19 pandemic.

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You Are Already A Consultant

RitaKeller

There are even various training programs to help CPAs make the large leap (I say that sarcastically!). Partners and managers in public accounting firms have been advising, coaching, and consulting with clients as part of their normal activities. It is not a “leap” for you.

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This Accountant Shortage Nonsense Reeks of Deja Vu

Going Concern

From the JofA piece: One of the early warning signs that major changes in accounting education were needed came when major CPA firms reengineered themselves as “professional services” rather than “public accountingfirms.

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