Peak Business Valuation

JULY 10, 2023

According to IBIS World , there are about 88,000 accounting firms in the United States. As the demand for accounting services increases, it may be an ideal time to buy , grow , or sell an accounting firm. To do so, it is important to receive a business valuation for an accounting firm.

Accounting Firms 52

Accounting Firms Business Valuation EBITDA Appraisal 52

LaPorte

JULY 5, 2023

LaPorte is honored to announce that we have been named “Top Winner” in the “Best Accounting Firm” list in CityBusiness’ Reader Rankings poll. This is… The post LaPorte Named to “Best Accounting Firm” List by CityBusiness Readers first appeared on LaPorte.

Accounting Firms 98

Accounting Firms 98

ThomsonReuters

JUNE 16, 2023

Hire more talent (if possible) This may be easier said than done in today’s challenging job market, but if the firm can find ways to expand the team, that will no doubt prove beneficial. The VSCPA survey found that more accounting firms are not only exploring remote hiring , but also outsourcing , and even offshoring.

Accounting Firms 98

Accounting Firms Technology Marketability 98

LaPorte

SEPTEMBER 6, 2022

For the thirteenth consecutive year, LaPorte CPAs & Business Advisors has been named one of the ‘Top 200 Accounting Firms’ in the country by INSIDE… The post LaPorte Named a 2022 Top 200 Accounting Firm first appeared on LaPorte.

Accounting Firms 98

Accounting Firms 98

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. Build a referral system that allows or even incentivizes your clients to recommend your accounting firm to others. With more than 144.3

Accounting Firms 98

Accounting Firms Marketability B2C B2B 98

Trout CPA

AUGUST 22, 2023

We are immensely grateful and deeply honored to share the wonderful news: Trout CPA has been named the Best Accounting Firm in the 2023 CPBJ Reader Rankings by the esteemed readers of the Central Penn Business Journal.

Accounting Firms 52

Accounting Firms 52

ThomsonReuters

MAY 9, 2022

Technology has helped tax and accounting firms to streamline their processes and automate countless time-consuming manual tasks. Firms regularly bring on new tools to address a specific business need. This can be a serious challenge for the firm – especially when the older software contains data essential to its operations.

Accounting Firms 105

Accounting Firms Technology Start-ups 105

ThomsonReuters

MARCH 23, 2022

The key is to foster an environment and culture conducive to productivity and flow at your accounting firm. Change the physical environment of your tax and accounting firm. Allow flexible schedules and remote accounting work. Employees can do accounting work remotely.

Accounting Firms 98

Accounting Firms 98

ThomsonReuters

FEBRUARY 24, 2023

This is due, in part, to a growing number of private equity firms entering the accounting market. As Allan D. Koltin, CEO of Koltin Consulting Group, explained, private equity firms perceive accounting firms as being low risk, high reward. The post What attracts investors to accounting firms?

Accounting Firms 59

Accounting Firms Private Equity Firm Equity Technology 59

ThomsonReuters

APRIL 10, 2023

As a governance framework, CPR broadly includes the issues a company wants to take a stand on, how they will employ their resources and influence, and ensure transparency in doing so. With investors and stakeholders taking note , accounting firms are following suit. What is corporate political responsibility?

Accounting Firms 59

Accounting Firms Marketability 59

ThomsonReuters

MARCH 15, 2023

Today, a growing number of private equity investors are entering the accounting market as they’ve discovered that investing in accounting firms can yield great returns. That is, if the firm is a good fit and has the right appeal. Accounting firms looking to attract investors should ensure their tech stack is up to date.

Accounting Firms 64

Accounting Firms Equity Technology Compliance 64

ThomsonReuters

MAY 6, 2022

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. Building a well-rounded tax and accounting practice.

Accounting Firms 93

Accounting Firms Compliance Finance Start-ups 93

ThomsonReuters

AUGUST 2, 2022

With The Great Resignation accelerating staffing challenges for accounting firms of all sizes, it might be time to look for a non-traditional new hire: technology. Many firms have historically employed dedicated staff to manage specific manual tasks and processes. Ready for an engaged team and enhanced client relationships?

Accounting Firms 98

Accounting Firms Technology Compliance 98

ThomsonReuters

JANUARY 21, 2022

For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey. How do strategic partnerships drive new business for tax and accounting firms?

Accounting Firms 95

Accounting Firms Business Valuation Marketability Technology 95

ThomsonReuters

APRIL 13, 2023

Understanding how to manage client expectations and concerns and how to get through the process is an essential skill in the tax and accounting professions. That is true for both large accounting firms and small accounting firms , since any client could be the target of an audit.

Accounting Firms 52

Accounting Firms Technology 52

ThomsonReuters

MARCH 10, 2023

If you’re a leader in a tax and accounting firm, you know the pain that disconnected teams, lack of visibility, and inefficient workflows can bring. You also may have heard of APIs; however, many accountants are unsure of what they are and how they can help simplify workflow and boost profitability. What are APIs?

Accounting Firms 59

Accounting Firms Technology 59

ThomsonReuters

MAY 24, 2023

Faced with increased client expectations and strained bandwidth, today’s accounting firms are in critical need of greater automation and streamlined workflows. Teribery added, “It is pre-built so [firms] don’t need the IT resources.

Accounting Firms 52

Accounting Firms Start-ups Technology 52

ThomsonReuters

MARCH 12, 2021

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. In this episode of Pulse of Practice “Setting Course for the Next Chapter”, Paul Miller, CPA from Business by Design , and I discuss the importance of accounting firm leaders to continue to build out their succession plan.

Accounting Firms 98

Accounting Firms Start-ups Marketability 98

Trout CPA

AUGUST 30, 2022

Trout CPA is excited and humbled to announce that our firm has been named the #1 Tax Preparation & Accounting Firm and the #2 Business Advisory Services firm by the LNP readers.

Accounting Firms 52

Accounting Firms 52

ThomsonReuters

MAY 5, 2022

Growing your accounting firm through specialization. Many accounting firms have tried to grow their practice by being all things to all clients. The potential problem with this approach is that it can hurt the firm when they get very specialized client requests. Don’t let your accounting firm fall victim.

Accounting Firms 96

Accounting Firms Start-ups Marketability Technology 96

LaPorte

JUNE 17, 2022

Readers of New Orleans CityBusiness, a weekly business publication, named LaPorte “Top Winner” in the “Best Accounting Firm” list in the publication’s Reader Rankings poll.… … The post LaPorte Named Top Winner in Accounting Firms in CityBusiness Poll first appeared on LaPorte.

Accounting Firms 52

Accounting Firms 52

National Law Review M&A

AUGUST 29, 2023

Hutcheon Jurisdiction: United Kingdom All Federal Type of Law: Securities & SEC Antitrust & Trade Regulation Mergers & Acquisitions Special highlight:

Accounting Firms 52

Accounting Firms 52

ThomsonReuters

JUNE 22, 2021

How then can IT leaders in large tax and accounting firms best make their case for new technology? Getting people to change is a huge hurdle with firms. For most people in accounting firms, driving change, and leading people through change is not a natural skill set for them. Says Will Hill. I like that.

Accounting Firms 89

Accounting Firms Technology 89

ThomsonReuters

SEPTEMBER 17, 2021

Though viewed with certain strengths such as agility, the small accounting firm has its own unique set of challenges due to size. At the forefront of those challenges is staffing, and how properly outsourcing affects your firm’s client relationships. In this episode of Pulse of Practice “Get big!

Accounting Firms 52

Accounting Firms Start-ups 52

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower.

Accounting Firms 52

Accounting Firms Start-ups Technology 52

LaPorte

JUNE 21, 2022

(authored by RSM US LLP) In a two-part Q&A interview, we speak to RSM’s Michael Gerlach, a professional services leader who specializes in advising law firms and legal organizations, about the tight labor situation roiling the professional services industry.

Accounting Firms 52

Accounting Firms Marketability 52

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind.

Accounting Firms 98

Accounting Firms Start-ups Compliance 98

ThomsonReuters

DECEMBER 20, 2021

For small accounting firm owners, feeling as though your business is in a rut is a uniquely personal and challenging experience. Here, we take a look at three common challenges small accounting firms owners experience and offer tips to get your business back on track. . You’re still relying on manual processes.

Accounting Firms 52

Accounting Firms Technology Start-ups 52

ThomsonReuters

OCTOBER 29, 2020

However, the last quarter of 2020 presents a unique opportunity for accounting firms to engage in preliminary strategic conversations with clients and help them assess the impact of the pandemic and the economic downturn, identify challenges, and lay out goals ahead of 2021. If you’re like most of us, 2021 can’t come soon enough.

Accounting Firms 40

Accounting Firms Start-ups 40

ThomsonReuters

JUNE 29, 2023

How’s your accounting firm? Like any company, your firm faces daily accounting problems that are part of normal operations : staffing, client acquisition, cash flow, and profit management. But as part of the accounting industry, your firm encounters unique challenges based on the services you provide.

Accounting Firms 98

Accounting Firms Compliance Technology Start-ups 98

ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence.

Accounting Firms 98

Accounting Firms Technology 98

Trout CPA

AUGUST 28, 2023

We have been honored as the #1 Accounting Firm and the #1 Business Advisory Services provider. Trout CPA is proud to announce that we have achieved the esteemed recognition of being voted as the top choice by LNP readers in not just one, but two categories in the prestigious 2023 LNP Readers' Choice Awards.

Accounting Firms 98

Accounting Firms 98

ThomsonReuters

AUGUST 1, 2023

The cost of turnover can be enormous given the training and development costs most firms put into their new hires and the need for continuing professional education. To address this, many future-focused accounting firms are moving away from hourly billing and toward a value pricing model. hours per week.

Accounting Firms 98

Accounting Firms Technology Compliance Finance 98

ThomsonReuters

SEPTEMBER 7, 2023

Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. For the accounting industry, to say having to “pivot” is an understatement. This is an exciting and challenging time for accounting firms. What is the future of accounting?

Accounting Firms 52

Accounting Firms Compliance Technology Marketability 52

Global Finance

AUGUST 31, 2023

Global Finance Magazine - To attract and retain prospects, accounting firms are trying to entice prospective employees with additional benefits.

Accounting Firms 75

Accounting Firms Finance 75

ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients.

Technology 98

Technology Accounting Firms Compliance Marketability 98

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage.

Accounting Firms 97

Accounting Firms Compliance Start-ups Technology 97