With responses from across the country, firms everywhere are grappling with similar challenges. Seasonality/workload compression, succession planning and staff issues point toward increasing complexity and ongoing issues related to firm culture within the profession. Now is the time to consider a shift from the traditional firm business model, giving owners and partners a chance to re-experience the excitement of the entrepreneurial spirit and reinvent their firm.
Keeping up with the changes and complexity of tax laws and increased regulation remains a top challenge for small- and medium-sized firms while larger firms are facing issues around partner accountability and unity and attracting new clients.
Change on the Horizon
This commentary takes a detailed look at the top issues facing firms and provides a historical view of the top issues by firm size. The report also includes an easy to use checklist of AICPA tools and resources to assist firms in finding solutions for top challenges. You don't want to miss it!
Click below for the PCPS CPA Firm Top Issues lists by firm size and see links to related resources available to help firms address each challenge:
Firms with 2 to 5 Professionals
Firms with 6 to 10 Professionals
Firms with 11 to 20 Professionals
Firms with 21 or more Professionals
PCPS is committed to helping firms with these and many other practice management issues. For more information, please contact Shelly Guzzetta, or call 1-800-CPA-FIRM.