Dan Geltrude is unequivocal about what’s in store for accounting firms. “It’s absolutely a gamechanger for the entire profession,” the CPA told NJBIZ. The gamechanger is a new pilot program, being tested in New Jersey, to create an alternative path to the 150 credits needed to be eligible for a Certified Public Accountant license.
Read MorePrivate equity is making an impressive return to the public accounting industry. What is the goal of private equity? What is the difference between a private equity investment and a traditional merger?
Read MoreThe CPA profession is changing rapidly ̶ ongoing consolidation, a shortage of quality CPAs, baby boomer founding and rainmaker partners retiring, keeping pace with and the cost of technology, intensified competition for new clients and staff, private equity changing the marketplace for deals, etc.
Read MoreDuring these unprecedented times, it is difficult to predict the future. Thus, the leaders of today’s CPA firms should focus on planning for diverse options based upon as many scenarios as possible.
Read MoreThere are many essential factors in planning an annual Partner Meeting, including selecting the appropriate discussion topics, and developing a relevant and strategic agenda. What made your firm successful in the past may not be the same formula that will lead to success in the future.
Read MoreFor many years M&A activity in the public accounting industry was primarily driven by succession planning issues. Surely, succession challenges still play a role in a firm’s decision to sell or merge.
Read MoreWhat separates the good from the great teams? The difference is that they are skilled at avoiding common pitfalls in their team structure, have outstanding leadership and coaches, and implement game strategy.
Read MoreOne of the most challenging problems of leading a CPA firm in this very competitive environment is the ability to implement succession strategies and initiatives with a “sense of urgency.”
Read MoreDuring these unprecedented times, it is difficult to predict the future. Thus, the leaders of today’s CPA firms should focus on planning for various options based upon as many possible scenarios as possible. This type of planning explores plausible potential business models and implementation processes for impending unknowns.
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