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  • Infographic: Is your firm future ready?

    With 90 percent of accounting firms acknowledging that the digital future is rapidly approaching, it is crucial that firms prepare themselves for the collision of trends that will drive the future of the industry. A fast future of new competitive advantages that will drive productivity and progress in the industry…
  • Infographic: Why accounting firms need value added services

    There are several reasons why an accounting firm should consider developing and selling advisory services. Most notably, firms can increase their client retention up to 98 percent by providing 5 or more services to their clients. If clients are able to use a firm as a one-stop shop for all…
  • Small U.S. accounting firms and their consultative future

    While the Big 4 firms often receive the majority of coverage and attention in the accounting industry, they are far from representative of the average firm in the U.S. In fact, 90% of all accounting firms have 10 or fewer collective partners or owners (AFOT). By 2024, sector growth of…
  • How to navigate technology choices: New resource available

    There’s a reason many people wait until their mobile phone is hopelessly outdated before getting a newer version. Technology change can be overwhelming.  Learning about new phones, selecting one that best meets current and future needs, ensuring it’s a fair price and getting it to work the way it should…
  • Position your accounting firm as a place to grow businesses

    Whether you are performing managerial accounting, financial accounting or tax accounting, your firm can grow by exploring other services that you may be able to provide for each client. If your accounting firm primarily does tax work, for example, begin to think about pushing that boundary and expanding your firm’s…
  • The future of accounting: Key trends to know

    A friend on Facebook recently posted the following exchange with her adolescent son, and it’s an excellent reminder of the constant change we face in life and in our careers: Son: You know what I just realized?Mom: What’s that?Son: You must have been really smart when you went through school...you…
  • Print copy of “Next-Level Accountants” now available

    Despite a decade of eReaders and eBooks, many people still prefer printed books, according to Deloitte and other researchers. "I just like to feel the paper” or “I understand more when I see it on paper” are some common reasons people give for choosing hard-copy books over eReaders. In fact,…
  • Positioning your firm in a dynamic marketplace

    By Nancy A. Damato  President, Senior Consultant at Accounting Advisory Group, LLC The CPA firm marketplace is changing rapidly, as consolidation of the profession is creating larger firms with greater resources and expanded geographic marketplaces, while the competition for quality clients and staff has reached an all-time high. All of…
  • Stuck in compliance: The Grim Reaper of accounting firms

    Progressive accounting firms seek consulting opportunities so their firms can take advantage of more lucrative advisory service offerings. Recent discussions with industry thought leaders and CPAs that are providing advisory services have highlighted a key benefit to this move. Often the amount of time taken to complete certain advisory services…