According to recent surveys, one of the leading challenges facing CAS practices in CPA firms in 2021 is staffing. You go through the time-consuming process of hiring new accountants, but the task of retaining these in-demand workers soon becomes clear. Read more…
Many small to medium CPA firms are taking advantage of the opportunity to offshore their back-office workflow. These firms are finding that Knowledge Process Outsourcing (KPO) workforce solutions give them the platform to concentrate on other areas of their business Read more…
Although offshoring can produce healthy savings, its ability to help businesses improve their operations and processes makes it a gamechanger. With a Knowledge Process focused approach firms can rapidly onboard new clients and scale their practice without having to dramatically Read more…
The average starting salary for accounting undergrads this year is projected to be $58,508, up from $52,734 in 2020. That 10.9% increase is quite the jump over last year when the average starting salary was expected to increase by only Read more…
Successful implementation of a Client Advisory Practice requires a shift for many accounting firms. The industry has historically maintained a responsive “service” mindset, where firms have demonstrated value by responding to client requests. CAS requires a more proactive partnership mindset, Read more…
While Client Advisory Services (CAS) offer significant revenue opportunities, there are challenges to a successful implementation. Client Satisfaction Only about 15% of firms say they are “very satisfied” with the financial and operational performance of their client accounting services, and Read more…
There is general agreement in the industry that Client Advisory Services (CAS) present one of the biggest revenue growth opportunities for accounting firms. Many accounting firms in the US offer their clients some form of CAS offering – but what Read more…
Large accounting firms are increasingly opening offices oversea to solve their capacity and capability challenges. If you are a small/medium sized accounting firm and you want to take a similar approach to optimizing your client accounting services, you have three Read more…
I just finished reading the Marcum 2020 national construction survey. I was expecting that COV19 would have a devastating impact on the industry! It is good news to learn that companies are adjusting strategically. https://info.marcumllp.com/2020-marcum-national-construction-survey
During the height of the pandemic, industrial production hit its lowest level ever recorded by the Federal Reserve. It lasted until May 2020, when industrial production began its slow ascent back. However, manufacturing hiring remains neutral. The U.S. manufacturing sector Read more…