In this interview, Ronald Kranzler, Managing Partner of HKMP, talks about what recruiting looks like for accounting firms these days, and how Covid has affected things. Ronald talks about retention is at a boutique blue-chip tech-forward firm like HKMP, that has a focus on companies worth over a billion dollars and works hand in hand with Big Four firms HKMP has been remote for some time and has even developed its own tools for managing workflows. That tech focus is very important to them and th...
Nov 26, 2021•22 min•Season 3Ep. 43
After a brief pandemic pause, new lease accounting rules will start to hit hard in 2022. With Ane Ohm CEO, Founder of LeaseCrunch More at CPA Trendlines here
Nov 25, 2021•21 min•Season 3Ep. 42
EisnerAmper CEO Charly Weinstein calls the firm’s deal to take on private equity a new wrinkle in the profession’s decades-old struggle to secure fresh capital for expansion in an increasingly competitive marketplace. More here: http://cpa.click/WeinsteinPE Pictured: Charly Weinstein
Nov 22, 2021•29 min•Season 3Ep. 41
With Dom Esposito and Anthony Zecca EisnerAmper’s deal to take on private equity and spin off its attest firm represents a new path forward for firms seeking capital to remain competitive in talent and in technology, according to Dom Esposito and Anthony Zecca, two veteran big-firm leaders, in this exclusive CPA Trendlines Flash Briefing webinar. See more here: https://cpatrendlines.com/2021/09/26/flash-briefing-a-call-to-arms-after-private-equity-deal/...
Nov 14, 2021•59 min•Season 3Ep. 2
Here's how to stand out online and attract new clients -- the right kind of clients -- to your tax and accounting practice. Let Becky Livingston be your guide. She's a seasoned digital marketer for accounting firms and the author of The Accountant's Social Media Handbook and SEO for CPAs: The Accountant's Handbook , both published by CPA trendlines at https://cpatrendlines.comendlines.com/shop. Ge the transcript, handouts and other downloads for this episode here: https://cpatrendlines.com/?p=89...
Oct 07, 2021•1 hr 1 min•Season 3Ep. 1
The “Uncle Billy” Problem with the ERC With Bradley Burnett, JD LLM With 18 months of water under the bridge, we’re three-fourths of the way through the Employee Retention Program, the IRS changed their mind on an extremely important issue that changes many, many tax situations. Catch Bradley’s next webinar on the ERC here See the video The question is: Who’s eligible? And who’s not? The IRS did a complete about-face, now saying if you’re a 50-percent-plus owner and you have a living relative, o...
Aug 27, 2021•6 min•Season 2Ep. 4
Bradley Burnett, JD LLM, delivers a first-read on the new IRS notice, which adds 34 pages of additional guidance on the Employee Retention Credit. What does it clarify? And will it help accountants help small business clients claim up to $330,000 in COVID relief?
Aug 05, 2021•8 min•Season 2Ep. 3
Kill the billable hour, embrace remote work, stay flexible, get social, says Pasha Malik of Thyor. Twitter and Linkedin are the go-to resources for finding new talent at the McLean, Va.-based Thyor group of companies, founder and CEO Pasha Malik tells Richard Rothstein for CPA Trendlines. But he has much more to say about fixing the accounting business to make it more competitive for attracting the best people. In fact, his group of companies may be a model of the next-generation CPA firm, offer...
Aug 03, 2021•20 min•Season 2Ep. 2
In this interview for CPA Trendlines, Richard Rothstein speaks with Manny Cosme, President of CFO Services Group, about recruiting new talent in the age of COVID. Manny makes some great points about working for a small nimble firm like CFO Services Group and the challenges of retaining great talent in the face of competition from bigger firms for high-quality talent. CFO Services Group also moved virtually several years ago, so they have some great insights on ways to maintain culture even while...
Jul 31, 2021•4 min•Season 2Ep. 35
With Richard Rothstein In this interview for CPA Trendlines, Ed Gattis, founder of Parabellum Systems, talks to Richard Rothstein, founder of Rothstein Consulting, about the global recruiting trends and how that is affecting hiring in the accounting world. Here Gattis talks about his experience in recruiting and recruiting for the accounting community and what has changed. The biggest thing he says is that it has become much harder to source very high-level people due to the lack of in-person op...
Jul 26, 2021•17 min•Season 1Ep. 33
With Steven Sacks The NEW Fundamentals The main problem with the annual budget process as a fiscal exercise done by the accountants is that it is disconnected from the executive team strategy. Corporate finance expert Gary Cokins says that allows too much room for bad habits, such as the use-it-or-lose-it mindset of allocated resources, as well as incorporating last year's inefficiencies in processes into the current year. Five Key Take-Aways: There is interest now in corporate performance manag...
Jul 02, 2021•23 min•Season 2Ep. 1
How to overcome the mind-blocks holding you back from total success. With Steven Sacks, author of "The NEW Fundamentals: Thriving in Disruption" Professionals need to use a blend of psychology and strategy to guide them with both mental fitness and tactics to produce career breakthroughs, executive coach Nancy Fox tells Steven Sacks. In business, the mind is 95% of the game, according to Fox, so it’s essential to recognize the causes of mindset blocks that are encountered, such as competition an...
Apr 29, 2021•27 min
Profitability Analysis & Reporting Management finance expert Gary Cokins says there's nothing wrong with activity-based costing, in this conversation with Steven Sacks for CPA Trendlines. Except that you're probably doing it all wrong. Takeaways: – The deficiencies with product and service line costing have to do with overhead allocations. The problem is, it's convenient for the accountants to allocate the overhead based on allocation factors, like labor hours, number of units produced in a ...
Apr 19, 2021•20 min
With cyber-crime growing by leaps and bounds, accountants are caught in the cross-hairs, cyber-security professional Jill Cagliostro tells Steven Sacks for CPA Trendlines. Cagliostro, senior product manager with Splunk, a data management and security company, says “cybercriminals are getting more advanced. They’re finding new avenues and new ways to get in every single day.” “And beyond that,” she says, “they’re also communicating with each other. So they’re able to share these new tactics and t...
Apr 12, 2021•21 min•Ep. 29
With Steven Sacks for CPA Trendlines. The accounting profession is "stuck in a rut," says James N. Lopiccolo, founder and managing member of Capocore Professional Advisors, in Lake Orion, Mich. He says CPAs can't see "the challenges that are coming by from other non-CPA firms." Lopiccolo's answer is offering service agreements, instead of billing by the hour. Risky? Sometimes. But clients love it. In more than 31 years of public accounting, Lopiccolo has worked in business advisory, tax, and acc...
Apr 06, 2021•28 min•Ep. 28
With Steven Sacks To be more competitive, CPAs need to shift their focus from compliance service to process-oriented, value-added work, veteran CPA David Bergstein tells CPA Trendlines. This means working with clients to understand their business operations, competition, and financial challenges, such as liquidity, solvency, and profitability. The Key Takeaways: Accountants need to switch their focus to look to the future and real-time accounting, which means that the right way of doing things t...
Mar 28, 2021•15 min•Ep. 27
Staffing, Recruiting and Retention for the COVID Age. With Richard Rothstein Click here for more by Richard Rothstein Steven Braunstein, managing partner of Snyder Cohn in North Bethesda, Md., talks about the impact of COVID on staff recruiting and retention -- including virtual "Lunch with Steve" sessions. Braunstein describes the culture at the 100-year-old, 80-person firm and how that makes a difference in recruiting. Snyder Cohn has also implemented some interesting ideas to promote retentio...
Mar 12, 2021•14 min
CPAs and finance leaders have to start asking some really painful questions like, according to Gary Cokins, an internationally recognized expert in performance management, in this interview with Steven Sacks for CPA Trendlines. Questions like: • Do we know where we make or lose money, reasonably accurately? • Do our managers understand the strategy? The executives? • Are we measuring the right things? KEY TAKEAWAYS There is confusion, a lack of consensus about what Enterprise Performance Manag...
Feb 01, 2021•28 min•Ep. 25
Richard Rothstein and Frank Stitely discuss How COVID Changes Recruiting, for CPA Trendlines. In this video, Richard Rothstein (Founder of Rothstein Consulting, CMO of Clarity Practice Management) interviews Frank Stitely (Managing Partner of Stitely & Karstetter, CEO of Clarity Practice Management) about how Frank’s firm has handled recruiting accountants in a competitive environment before and during a pandemic. Stitely & Karstetter has a unique compensation plan that allows staff to w...
Jan 05, 2021•9 min
Rethinking Workflows in a Work-from-Home World, featuring Ian Vacin, Karbon co-founder, with Matt Solomon, CEO of The Center for Enlightened Business, for CPA Trendlines.
Dec 18, 2020•9 min
With Matt Solomon for CPA Trendlines Bill Carroll, CEO of Hoops HR, reveals the three keys to smart hiring for accounting firms, in this conversation with Matt Solomon. "We look at retention in really three key areas," Carroll says. "It's security for that person. A lot of that has to do with income, but a lot of that has to do with how they're treated internally as a person. How does the organization engage in conflict? How do they solve a conflict? Is there ultimately a resolution? There's a s...
Dec 18, 2020•14 min
Steve Sacks interviews Jack Shaw about the 101 of Blockchain for Business for CPA Trendlines. The Blockchain Basics for Business podcast discusses the elements of the technology, its early beginnings, the industries impacted, and the practical business applications. It is part one of a two-part series. The second part will cover the applicability of blockchain as it relates to accounting and finance. KEY TAKEAWAYS FROM BLOCKCHAIN FOR BUSINESS WEBCAST Bitcoin is only an application of Blockchai...
Dec 04, 2020•31 min
David Bergstein, CPA, CITP, CGMA, is a leader in tax and accounting technology issues, and a sought-after speaker, writer, and practitioner. David has been in the accounting industry for many years and has been a practicing accountant since 1966. While at the IRS he held various positions, including agent, trainer, speaker and technical chief. He received his CPA and a Masters in Taxation from Long Island University’s CW Post College. He was an accounting professor at Suffolk County Community Co...
Nov 13, 2020•11 min
Listen in as Adam Batchelor and John Higgins discuss the tectonic shift in the CPE business - PICPA acquiring CPA Crossings, LLC - with Rick Telberg for CPA Trendlines.
Oct 18, 2020•49 min
Join Rick Telberg and Hitendra Patil for this informative CAS Webinar, "Success Factors in the Age of Covid".
Oct 09, 2020•37 min
COVID-19 is putting new pressure on CPA firms to close merger deals, even if it means taking a haircut in the selling price, says Robert Fligel, the legendary New York-based CPA firm mergers-and-acquisitions dealmaker, in a new CPA Trendlines Flash Briefing. In this replay of the live web event, a fast-paced 30-minute webinar update, Fligel covers: The Current State of the M&A Market, Best Practices for Sellers, and Pitfalls for Buyers and Sellers...
Oct 05, 2020•22 min
Steven Sacks, author of The NEW Fundamentals, interviews David Bergstein, who says a perfect storm of emerging technologies, a competitive shakeout in accounting, and COVID-fueled change is creating a new range of challenges for accounting firms. The good news is: There are more opportunities than challenges. But You need to move fast. The window of opportunity won't last forever. "The world is changing," says Bergstein, now chief innovation officer of Brookstone CPA, based in Margate, Fla. Befo...
Oct 02, 2020•34 min
Creating Customized Client Experiences in the Covid Age, with Eileen Kennedy [in only 30-minutes] Eileen J. Kennedy, CEO of The Kennedy Factor, demonstrates how to create a consistent, exceptional, customized, and memorable client experience in the Age of the Coronavirus. You can thrive for years to come – if you take the Covid Crisis as a call to reinvent your practice. You already have two essential factors in your favor: 1) PPP loans showed your clients you play a critical role in their busin...
Aug 16, 2020•39 min
And you only have one chance to get it right. Rick Telberg: Hi, I'm here today with Steve Nelson, CPA of Nelson CPA, managing member. You probably know him best because he's sold five million or more copies of QuickBooks For Dummies. Steve, thanks for joining us today. Steve Nelson: Thanks, Rick. Rick Telberg: The first question is, let's talk about PPP loan forgiveness. What are the surprises? Steve Nelson: One of the big surprises is that as compared to the way we help our clients do the tax a...
Aug 16, 2020•4 min
With Steven Sacks The NEW Fundamentals Armed with the latest technologies, accountants can do more than ever – faster, better, and cheaper. But too many accountants are missing the biggest opportunity that technology creates, according to Judy Trepeck, long a leading figure in the profession. In her conversation with Steven Sacks, Trepeck, currently senior vice president for customized training at the Michigan state CPA society, outlines how CPAs can go beyond basic accounting to provide more va...
Aug 13, 2020•26 min
