Posts Tagged ‘trends’

Monday, January 26th, 2015

Predictions and Trends For 2015

img_joeCPA management consultant, Joe Tarasco, had his 2015 predictions featured on the Forbes site last week.

Here’s some brief highlights that I definitely agree with:

  • Career development and leadership training will continue to grow as the need for quality professional staff at the managerial and partner levels turns into a crisis mode.
  • Firms will have no choice but to invest heavily in their best and brightest in all stages of their careers in order to remain competitive and develop succession plans.
  • Firms that have grown through the consolidation of aging practices will begin to deal with intensified succession issues. This will fuel more mergers of mega-firms into larger firms.
  • MPs and Ex Committee members will come under more scrutiny by their partners in their ability to lead and manage successfully. Firms will have to make tough business decisions concerning under-performing partners.
  • More firms will need to hire professional COOs from outside the CPA profession to assist them in managing their organization.

For the complete list and more detail read the article here. Congrats to Joe for being featured on the Forbes site!

  • I was not predicting the future, I was trying to prevent it.
  • Ray Bradbury

Wednesday, July 17th, 2013

Xero – Online Accounting

I have posted about Xero before, just to keep you informed about new trends and developments in the accounting profession.

In April I did one featuring Jason Blumer talking about how firms are changing.  You might want to check it out again.

Now that Xero has established a foundation in the US, they are ready to unveil their platform to the accounting community. You can join them at Xerocon 2013 in San Francisco on September 4th or 5th. Learn more from this video from Jamie Sutherland, President of Xero U.S.


  • We keep moving forward, opening new doors, and doing new things, because we're curious and curiosity keeps leading us down new path.
  • Walt Disney

Friday, July 6th, 2012

The Annual Accounting Firm Performance Evaluation

Have you completed the annual performance review process for the team inside your accounting firm?

Many firms I talk with do the annual information gathering ordeal at this time of year:

  • Gather information via surveys about performance in May/June.
  • Meet with the individual to relay the survey information and to establish official goals in June/July.
  • Meet one or two more times during the next 12 months to revisit the goals and check on progress.
  • Inform the individual of their annual pay increase as part of the annual meeting or hold-off for a couple of months to divulge the pay increase secret.

How do your people feel after this process? How do you and the other people in your firm conducting the performance evaluations feel after the process? How much importance does your firm honestly place on the information uncovered and communicated during this annual ritual?

I often find that in a very large number of CPA firms, everyone finds the whole affair not very worthwhile, somewhat irrelevant, and usually very boring. I still firmly believe that feedback is very important. It’s just a matter of how you do it and how OFTEN you do it.

It’s Friday, I thought I would provide you with some relevant week-end reading about what you can do to refresh and renew your performance feedback and goal setting system.

Are you using SMART goals? Here’s a blog post on a site called Uncommon Clarity titled, Why SMART Goals Aren’t So Smart.

The following are links to some of my posts about performance reviews. It’s summer reading time – that means getting up to speed on current trends in the CPA profession.

MAP Stats, Performance Evaluations and Being Mediocre

Is Your Accounting Firm Suffering From The Same Old thing?

I’m Saying It Again – Build On Your Strengths


  • Boredom, after all, is a form of criticism.
  • Wendell Phillips

Thursday, April 12th, 2012

New York City

I’m in New York City this week attending the Spring meeting of the New Horizon Group of CPA management consultants.

Fourteen of us have gathered for 2 days to talk about how we can be a positive and supportive influence for our many clients and all CPA firms across the country.

Today Barry Melancon, CEO of the AICPA, will be meeting with us and giving us an update/status report on the many issues the Institute is addressing.

I’ll be writing more about current trends in the days to come. For now, here’s a tidbit: All of us are seeing firms being much more proactive in addressing their succession issues. Members of the group also reported that their clients (CPA firms) seem “moderately optimistic” about improved growth and success for their firms this year.


  • If you can count your money, you don't have a billion dollars.
  • J. Paul Getty