From the smallest to the largest accounting firms, recruiting and retaining talent seems to bring about rough seas. The most recent 2021 PCPS CPA Firm Top Issues Survey, published biennially by the AICPA, confirmed once again that “finding qualified staff” was a significant concern for all firms with two or
Whether you are a firm of one, or have dreams of managing a team, there are a few foundational steps that play a key role in determining a new accounting firm’s long-term success. But breaking away from “corporate” can be daunting. Many businesses fail within their first year and 70
I probably don’t have to explain the panic that ensues when you realize that you may have “outgrown” your accounting software. The time and effort we as accounting professionals have invested in these platforms cannot be weighed or measured. They’re basically the core of our accounting lives. When I am
The recent Tax Court case Gonzalez, TC Summary Opinion 2022-13, 7/18/22 found that it is indeed OK to deduct vehicle expenses related to a side-gig, as long as the filer follows strict rules. Generally, expenses relating to use of a car, van, pickup or panel truck used for business are deductible. For
While there are many ways to look at capacity, most firm leaders agree they don’t have enough people to properly serve the number of clients they have. How about, instead of talking about getting rid of clients to solve our capacity problems, perhaps we need to talk about revenue replacement.
Private equity firm Vista Equity Partners today agreed to acquire global tax compliance player Avalara in an all-cash deal worth $8.4B. The Seattle-based cloud tax compliance platform was founded in 2004 and made a reputation for itself offering transactional tax compliance services, partnering with ERP, accounting, ecommerce and other financial
We’re in the middle of 2022. Have you made the changes necessary to go from a good partner to a great partner? The year is half over, and it’s time to push yourself to be the best leader possible. How? I’m going to share some insights into how you can
I recently wrote an article about how to implement conference lessons for lasting change. If you haven’t read that I would encourage you to do so, as this is somewhat related to that content. CPA firms are inundated with a large number of technology offerings on an almost daily basis.
The self-employed often come to CPAs for business advice, so why not retirement planning? As the number of entrepreneurs grows, CPA firms can grow with them by providing needed personal financial planning advice. There are about 16 million workers in the United States who consider themselves to be self-employed now, up
I firmly believe that if it were not for my firm’s ability to think outside the box and pivot – expanding our offerings from our core bookkeeping functions into a full-service firm, embracing innovative technology, and partnering with other businesses that complement our services – we wouldn’t be in the