For CPA firms, advisory services are something they simply have to get better at. As AI and automation take over more and more “basic” tax filing and accounting work you’re going to need to uncover additional revenue lines. Advisory services offer a way for you to provide additional value to Read more…
I talk often about the changing role of people in the workplace. There is a major talent crunch that’s not going away. I see it every day and I hear my clients mention this all the time. The accounting field has to get better at attracting great new talent and Read more…
Everyone has been making claims about Artificial Intelligence lately, so it was nice to see the FTC put out a warning to firms who oversell their Artificial Intelligence capability. I wanted to add my thoughts. So many people are wondering about AI in accounting and are rightly asking, “Is my Read more…
I posted this article recently. I was not really surprised to find out that one of the biggest things CPA firm leaders are worried about is loss of knowledge when people leave. I hear that a lot from managing partners I speak to. It makes sense. You lose institutional memory Read more…
After reading this article, I started to think about what makes new generations of accountants different from older generations. In the early days, when I entered the field, the Big 4 firms dominated everywhere and were known for their hierarchical structure and conservative approach to business. I remember having to Read more…
After reading this article I decided to add my thoughts. The article says that for growing CPA firms, providing advisory services and giving good advice needs your client to have rock-solid confidence in your firm’s bookkeeping and basic accounting. I’d like to add some points to this conversation. A good friend of Read more…
Inspired by this article, let me tell you which data points CPA leaders should be monitoring to check how well their firms are doing. It’s an important exercise. It’s not just a tick box, but it can boost your value proposition as you try to secure new funding, attract the Read more…
Burnout is a factor of high workloads impacting firms that are not optimally staffed. Call it what you want – “quiet quitting,” “not being engaged” or “doing the bare minimum” – it affects over half of America’s workers according to a Gallup poll. In fact, they’re the lowest engagement figures Read more…
There are more stories emerging of a gradual shift away from remote work being the bargaining chip it used to be during the Great Resignation when employers used it to attract top talent. With fewer job listings on the market promoting remote work as a significant perk, workers are having Read more…
For people who work at non-profit organizations, every day is extremely busy, and you must juggle countless important tasks. It can be hard to prioritize what’s important and what can be left for another day. Unlike other mission-critical tasks, bookkeeping does not always scream for your attention. However, putting it Read more…