Following a retreat or strategic planning meeting, most accounting firms should develop comprehensive goals and objectives as well as a strategic direction. However, to be a more integrated and cohesive organization, firms need to effectively align the performance and skills of their Partners and staff to the goals and objectives of their firm.
Read MoreThere are good reasons why some accounting firms flourish into large and very profitable organizations. One significant reason is that they adapt to changes in the accounting form marketplace for both clients and staff, just as football coaches often try to change the game plan at halftime to meet the unexpected or changing conditions on the field.
Read MoreStatistics support the number of upward mergers that have swept through the accounting profession and added to the growth of many of the top 100 firms in the country. Many of these upward mergers occurred due to the seller’s inability to attract talent and a lack of succession planning.
Read MoreMost accounting firms reach a point in their life cycles where their ability to generate growth internally falls short of their profitability goals and objectives. Mergers and acquisitions (M&A) have proven to be far more productive and much more successful than building growth organically, which can be a painfully slow process (especially for small firms) and requires significant investments in marketing and practice development efforts and strategies.
Read MoreFrom harnessing cutting-edge technology and artificial intelligence (AI) to redefining client relationships, the next chapter of public accounting promises to be one of reinvention, with innovation as the key to thriving in a rapidly evolving market.
Read MoreContemporary succession planning for CPA firms is crucial to ensuring the continuity, stability, transitioning and growth of the firm.
Read MoreErnst & Young LLP will reset base salaries for its accounting recruits starting this fall with pay raises of more than 10%, the Big Four firm said Friday.
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There are many essential factors in planning an Annual Partner Meeting, including selecting the appropriate discussion topics, and developing a relevant and strategic agenda. The following are discussion topics to consider in your agenda planning process.
Read MoreAn in-depth exploration of the factors driving M&A, private equity, and hybrid deals in the public accounting industry beyond the scope of succession planning.
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