Succession planning

Gary Shamis of BDO and consultant Jay Nisberg discuss how the personal element dovetails with the firm's business in strategic planning, along with their book "Stratagem."

Last September, Accounting Today published the thoughts shared by “Top 100 Most Influential People in Accounting” in an in-depth article, “T100 Extra: The Most Important Issues Facing the Profession.” From the more than 18,000 words expressed by the influencers, I identified the 31 most critical words that truly reflect their wisdom about the real “challenges” facing the accounting profession today.

Gary Shamis of BDO and consultant Jay Nisberg talk in this video about the different ways that firms pursue a strategic planning process, along with their book "Stratagem."

Klatzkin & Co.’s Stephen Klein shares the biggest mistakes business owners make

John Napolitano of U.S. Wealth Management discusses how building a financial planning practice can help with exit strategies and succession planning for accounting firms in this video.

Klatzkin & Co.’s Stephen Klein shares the biggest mistakes business owners make

Are you too small to endure?

Firms suck at succession planning -- and it's their partners' fault.

For nearly 15 years, I’ve consulted with family-owned businesses and helped them navigate the many complexities they face.

CohnReznick CEO Frank Longobardi discusses some of the major issues facing his firm, including recruiting and retaining employees, developing talent, and succession planning for partners who are retiring.

Partners at larger firms can’t wait until the last minute to set up their retirement

St. Louis-based Regional Leader Brown Smith Wallace announced that co-founder Harvey Wallace will step down as managing partner at the end of the year, with the firm’s current partner-in-charge of audit, Anthony Caleca, stepping into the MP role on Jan. 1, 2016.

The American Institute of CPAs and the National Association of State Boards of Accountancy have proposed to create a “Retired-CPA” status to deal with the wave of Baby Boom retirees in the profession.

The pace of change in the CPA profession is getting faster, and not enough accountants are ready, according to New York State Society of CPAs executive director Joanne Barry.

One of Canada’s largest accounting firms, MNP LLP, has chosen a new CEO, Jason Tuffs, who took over as the fourth CEO in the firm’s 58-year history on October 1.

Leaders of the accounting profession discuss its biggest nightmares

BlumShapiro has chosen Joseph Kask as the Connecticut-based accounting firm’s next managing partner, effective Jan. 1, 2016.

Net fees at CPA firms and per-partner income grew this past year, according to the newly released Rosenberg Survey.

Only 10 percent of accounting and finance professionals believe there is someone internally who could easily step in to fill their role if they quit, according to a new survey.

With an estimated 75 percent of CPAs expected to retire over the next 15 years, according to the AICPA, CPA firms are under pressure to recruit and retain a sufficient number of young accountants to keep the business going.