Economy Affects 2011 PCPS CPA Firm Top Issues Survey
The PCPS CPA Firm Top Issues Survey is a biennial study that provides a unique look at the most significant challenges facing practitioners across the country. Based on responses from PCPS member firms, it consists of five top issues lists: one each for sole practitioners, firms with two to five professionals, 6 to 10 professionals, 11 to 20 professionals and firms with 21 or more professionals. In 2009, client retention ranked as the No. 1 priority for CPA firms across the board.
This year’s survey results reveal a diversification in the top issues among firms of different sizes. Smaller firms struggle with Keeping Up with Changes & Complexity of Tax Laws and A&A Standards, and Seasonality. While larger firm lists included Finding/Keeping Qualified Staff and Partner Accountability. A top issue common to all firm sizes is Growth, with Bringing in New Clients and Retaining Current Clients ranking high on the lists across the board.
2011 PCPS CPA Firm Top Issues Commentary
Click below for the 2011 PCPS CPA Firm Top Issues lists by Firm Size:
Sole Practitioners
Firms with 2 to 5 Professionals
Firms with 6 to 10 Professionals
Firms with 11 to 20 Professionals
Firms with 21 or more Professionals
2011 PCPS CPA Firm Top Issues Webcast Archive
PCPS fielded its bi-annual Top Issues Survey in the spring of 2011. A live Webcast was held in September 2011 where panelists Jim Metzler, AICPA vice president – Small Firm Interests, Peggy Ullmann of Ullmann & Co., P.C., Marc Parkinson of Petrinovich Pugh & Company L.L.P., and Mike Shost of Shost & Company, P.C., CPAs reviewed the most important challenges CPAs face. The Webcast addressed top issues by firm size as reported in the survey, and explored solutions to practitioners’ greatest concerns and potential resources to help resolve these issues.