Future-Ready Firm and Accounting Department

Checking in with staff, piloting ways of working, and using data can allow you to understand better what employees want and retain them.

Clearly, hybrid work offers many benefits, but it also comes with some complications. Here Boomer Consulting CEO Jim Boomer offers three considerations for making hybrid work effective.

Flip phones were compact phones were cleverly designed and more convenient than the bulky cell phones of the 1980’s, but not nearly as functional as the smartphones of today. Does this describe your firm right now?

Child care costs may keep the labor force participation rate of U.S. women suppressed.

After two years of sprinting to stand still during the pandemic, the latent demand for growth from ambitious practice owners and accountants is evident, but an equally important driver for automation tools is the struggle to recruit and retain staff in one of the most challenging labor markets ever experienced by the accounting profession.

What accountants want is the right data at the right time, to, for example, complete an efficient, timely and accurate audit, or help their clients manage compliance and regulatory changes. Having the tools to quickly mine and interpret this data are essential.

The phones are ringing more frequently at the Connecticut Small Business Development Center (SBDC). The East Hartford-based organization, which offers advisory services and other resources to small and recently-formed ventures, has seen a sizable uptick in outreach and inquiries since around April 2020, when the first wave of the COVID-19 pandemic was nearing its crest.

For many CPAs and accounting professionals, carving out a niche in the industry allows them to do work they enjoy. That's the case for Sherrell T. Martin, founder of Nitram Financial Solutions. Here, she discusses the power of niche accounting and how to attract and retain clients by doing what you love.