CPA firms are in a tough spot. They need more ways to make money. The industry has known for a long time about the need to switch to higher value services. The reason is simple – you get better margins on higher value services than traditional “transaction-focused” services like bookkeeping Read more…
What does a successful hybrid work model look like? In the past, it was easy to walk around the office to get a pulse of the organization. But with a hybrid setup, that’s no longer possible. Technology is the best way of bringing everyone together. There’s no one-size-fits-all answer to Read more…
There’s no bigger demonstration of culture and trust than how you give feedback in your firm, so be purposeful and attentive to how you do it. Consistent feedback and encouragement help build a positive company culture that boosts confidence and productivity. With more staff working remotely or in hybrid situations, Read more…
Recently I shared this article on trust by Paul J. Zak, a professor who helps firms across the country enable trust in their organizations. The science is pretty compelling that trust creates high performance companies. For a start, according to his research, in a study of over a thousand workers, Read more…
After reading this article about work ethic in a multigenerational workplace, I got to thinking… I remember the time when the mark of a good worker was how far they were willing to go above and beyond the call of duty to work long hours and over weekends. I think Read more…
With the talent crunch not easing up any time soon, firms must work harder to increase their bench strength. Not only is labor scarce, but it is also costly, so growing internally has become a non-negotiable. Bench strength is defined as “an organization’s ability to immediately fill critical positions with Read more…
Looking at your staff today, who is a good leader and how did they get that way? Yes, some people are more natural leaders than others, but no one in the business world becomes a good leader without learning from someone along the way. At Accsurant, we believe in investing Read more…
Tax and accounting firms are confronting several challenges, some of which have been long-standing issues. The shortage of talent, rising salaries, burnout, retention, knowledge loss, technology adoption, the tricky pivot to advisory – the list goes on. It’s time for tax and accounting firms to innovate. Actually, it’s past due. Read more…
You’ve probably seen your team working super hard during the busy season. While “fully utilized” might sound like music to your ears, you know you need to strike a balance. Your team can work hard when needed, but you don’t want to overdo it and burn them out. During busy Read more…
A tax and accounting firm can handle more work during busy seasons because their capacity is elastic. It can stretch to fit the demand, but like a rubber band, there’s a limit to how much it can take before it snaps. Does your firm know its limit? Can you tell Read more…