The main part of the 2023 tax filing season is over. Many solo and small CPA firm owners are taking a step back to think about their next move. Some are planning for a more efficient 2024, many are ramping up their hiring efforts and still others are considering sales to larger firms. But for how much? Valuing a CPA firm can be [...]
While the pandemic was felt around the world in industries from retail to manufacturing to public accounting, the way different countries are bouncing back differs. In Europe and Asia, earlier this year, the number of people back in the office was hovering around 75%, while here in the US, only about 50% of people had come back to in-person work. (These numbers came [...]
You never get a second chance to make a first impression. And when you're looking to hire a new employee, the job description you write is that first impression. However - vague, unclear, or unrealistic job descriptions can lead to a mismatch between candidates and job requirements. To attract the right talent, make sure the descriptions are clear, concise, and accurately reflect the [...]
As we move further into the future, the need for upskilling and reskilling in the workforce becomes increasingly important. In 2023, we are faced with the reality of a #warfortalent, where employers are competing for a limited pool of skilled workers. This is where upskilling and reskilling come in - not only do they benefit employees in their career growth, but they also [...]
As a CPA in public accounting, you have either heard about or experienced the statistics of retiring baby boomers and the challenges this presents for accounting firms. With approximately 10,000 baby boomers retiring every day, firms are faced with the task of transitioning their book of business to the next generation of partners. According to recent articles by The Tax Adviser and Thomson [...]
Most people like their jobs — at least, they like who they work with. But ask them if they feel like they are getting paid enough and have enough upward mobility… According to Pew Research Center, while 67% of people feel extremely satisfied with their relationships with co-workers, only 33% feel they have opportunities for promotion at work, and 1% more — 34% [...]
If you're preparing for a job interview, you know that effective communication is essential to making a good impression. One communication strategy you should bear in mind to ensure you're coming across as confident and engaged is the 7/38/55 rule. According to this rule, communication is made up of three components: words, tone of voice, and body language. These components make up the [...]
Are all LinkedIn profiles accurate? I wonder this myself sometime. People who embellish or flat out lie on their resumes are a more common than you might think. And it's been going on a long time before I started recruiting 30 years ago. But now, LinkedIn is attempting to do something about it. With the help of new technology, LinkedIn will prompt employers [...]
Let's face it - job interviews can be terrifying. Whether you're a candidate hoping to land your dream job, or an employer searching for the perfect addition to your team, the pressure to perform can sometimes get the best of us. But even in the midst of nerves and jitters, some interview faux pas are just too good not to share. According to [...]
When are people retiring these days? The idea of retirement at 55 is a thing of the past for most people today. For many, it's just not realistic financially, and for plenty of others, 55 seems way too young to start golfing and birdwatching full time. But more often, I hear from people who say…. "Tim, not sure I really want to retire." [...]