How many of you got into auditing because you love filling out forms? Consider for a moment: The staff who stay are the ones who acquiesce to filling out endless checklists, but those who want to broaden their perspective and depth of knowledge about the client and the industry leave. Scary, isn't it?
We need to set up our firms to keep those who know what the bottom line was on their last audit, and especially those who know how their client makes money. We need to keep the people who will move us from audit and accounting to assurance and advisory.
While you're here, how about this:
10 tips for conducting more engaging online tax and accounting CPE | Accounting Today
When COVID-19 took over the world in March, we had to adjust the way business is conducted. Conferences were canceled and professionals worked from home.
The challenges of a two-dimensional platform are instantly apparent. The audience sees us, but in most cases, we do not see them. We receive no feedback, and sometimes have less time to prepare because the time to adjust has been so rapid. Simply getting something available online is the goal. Substitution for conferences had to be addressed in a rapid manner, and quality was not as important as prompt delivery of product.
COVID-19 Pushes Move to New Accounting Methods | Transport Topics
COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets' accounting processes.
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Andrew Fletcher, a supervisor at John Bunning Transfer Co. Inc., based in Rock Springs, Wyo., has also seen customers request electronic transmission of invoices and opt to pay with electronic fund transfers.
"We find our payables go from 45-60 days to as little as 10-15 days. With the economic insecurity, it is nice knowing I can get an invoice, get it over there, someone is looking at it almost in real time, and it is going to be paid," he said.
Transforming your firm in a market disrupted by COVID-19 | Accounting Today
Many experts are reinforcing the need for business owners to "pivot" and "be agile," and this is smart advice. Accounting professionals who embrace a willingness to adapt are the ones more likely to emerge successfully from today's volatile market. This could mean anything from adjusting the way you work with clients to making smart investments that can further your business and career.
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3. Invest in technology. Assess your and your staff's at-home technology and determine if it's time for an investment. Don't sacrifice certain equipment in the hopes that you'll return to the office soon; instead, replicate at home what you were used to in the office. Arming yourself with the equipment you need will help you be more successful and efficient.
Other things to check out:
A world of tax trouble | Accounting Today
To say that today's international tax landscape is complex is an understatement, given the constant developments in rates, rules and regulations, not to mention the ongoing uncertainty related to the global COVID-19 pandemic and the upcoming U.S. presidential election.
"Accounting firms are seeing a significant increase in their advisory and compliance practices as the complexity of tax rules, constant changes, and COVID-19-related legislation and regulatory developments increase, and uncertainty of what will occur in the future has businesses in many sectors and individuals needing more help than ever before," said James Paterson, vice president and general manager of the corporate indirect market at Wolters Kluwer Tax and Accounting North America.
Clutch Recognizes the Top 9 Accounting Firms in Chicago
The Chicago firms presented today have demonstrated their ability to deliver quality accounting, bookkeeping, and payroll services to clients.
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"The importance of finding a quality accountant cannot be overstated. To make informed decisions about your business, it is absolutely critical to have access to accurate and comprehensive financial information," said David Goosenberg , business development analyst at Clutch. "Each of these Chicago -based firms has excelled at delivering quality accounting services to B2B clients in a variety of industries."
How Are Public Accounting Salaries Stacking Up for 2021? - Going Concern
Of the five positions each under "tax services" and "audit/assurance services" in Bob's 2021 guide, not a single one had a starting salary that was projected to increase by 1% this coming year. The biggest increase was 0.66% for staff with under one year of experience in both the tax and audit/assurance categories.
Before we post a screenshot of the public accounting portion of the salary guide, just a reminder that Robert Half breaks down its starting pay ranges by percentile, and there are four:
Siegfried Recognized as One of the Largest and Fastest-Growing Accounting Firms in the Country
INSIDE Public Accounting releases 2020 rankings; Siegfried is 25th largest firm in United States with an organic growth rate of 26.6%
WILMINGTON, Del. , Sept. 9, 2020 /PRNewswire/ -- The Siegfried Group, LLP (Siegfried), a national firm that specializes in leadership advisory and talent delivery services, was recently recognized by INSIDE Public Accounting (IPA) as the 25 th largest CPA firm in the United States , moving up two positions from its 2019 ranking.
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