🎆Fourth of July week and it’s been a hot summer here in Central Florida. What’s hot in CPAland? Recruiting and retaining talent – shocker. ⚡ The AICPA's recent PCPS CPA Firm Top Issues Survey, unveiled at ENGAGE 2024, highlighted that finding qualified staff remains the most pressing concern for accounting firms, excluding sole practitioners. Firms with 2 or more employees overwhelmingly cited staffing [...]
Two of the hottest topics relative to accounting & finance professionals revolve around recruiting and retention. Recruiting talent is a weeklong seminar to itself. If employees are to be retained though, engagement is a must. It is so important for driving productivity and retention. 💼📈 According to a recent Forbes article, there are several proven & basic strategies to increase employee engagement. These [...]
In a recent survey by BambooHR, a surprising 25% of C Suite and VP level executives and 20% of HR professionals admitted that they hoped return-to-office (RTO) mandates would lead to employee resignations. 😱 The survey seems to shed light on the alternative intentions behind the push for RTO policies. It appears that some companies are using RTO as a strategy to reduce [...]
Noncompete agreements are a hot topic in 2024 due to an April ruling by the FTC. While I’m no attorney, I’ll do a brief flyover of non competes, their history and 2024 developments. ✈️ 🔒 Noncompete agreements (NCAs) have a long history, originating in 15th-century English common law 🏰. These clauses aimed to prevent apprentices from competing with their masters post-apprenticeship. In the [...]
While out having a “cold friendly” 🍻 with a CFO friend of mine last night, a recent popular meme became topic of conversation. I’ve been seeing this meme floating around as well so let’s look at the info. 👀 In a December survey by Intelligent.com of 800 US managers, directors, and executives involved in hiring, it was found that 38% of employers avoid [...]
Networking. Not necessarily a topic most CPA’s get all that excited about. After all, while there are exceptions, we're not exactly your typical social butterflies 🦋. Just because it’s not in your DNA, it doesn’t diminish the importance of building connections and expanding professional circles. So, why should networking be important for CPAs? 🤔 Well, here’s one reason, : many experts suggest that [...]
Earlier this week we learned about the audit automation firm AuditBoard and it’s $3B exit. Made me think about automation, AI and it’s effect on CPA firms. Turns out, I’m not the only one wondering. Embracing connected, cloud-based accounting technology can be a game-changer for accounting and CPA firms, with a potential 39% increase in revenue per employee! 📈 According to the Rightworks [...]
New boss same as the old boss? Familiar with the feeling of having to adapt to a new boss every few months? A revolving door of leadership can bring uncertainty and stress, impacting not only your work but also your career progression. Let’s consider how to handle a situation like this. 👨🏻💼 First, let's address the elephant 🐘 in the room: the emotional [...]
💼 Well that interview seemed to go really well! But what happens after the big day? How do you ensure you stay top-of-mind without being too pushy? 🤔 Following up after a job interview is important to the hiring process, and it's important to do it right. Here are four non-annoying ways to follow up after an interview, so you can stand out [...]
Given the current and future CPA shortage, it seems like a good idea to consider all factors that may attract, deter and retain industry professionals. Here’s one. The 150-hour requirement for CPA certification has long been a topic of debate within the accounting profession. Recent data suggests the need for a re-evaluation of this mandate, particularly in terms of its impact on diversity [...]