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More Firms Falling Behind, Says Busy Season Barometer

Some firms aren’t doing too well according to a barometer. Recently a lot of firms have fallen on their productivity as far as the health of their firms. Those mid range firms that are normally pretty successful have fallen, they haven’t gone by the way side by any means, some of them have gone up. Other mid range firms are addressing the problems that they’re having, so many care about profits but don’t do anything to help them. One accountant admits that he spends way too much doing too little.

Key Takeaways:

  • Lately many firms are improving and most are actually drifting downward as much as five percentile points.
  • Most issues that are happening with firms is that the leaders are not doing a good job and people are trying to do things outside of the accounting business.
  • Talk can only get these firms so far, they need to have a plan and deliver it in order to improve their score and profit margins.

“It’s a good question. We now have a statistically reliable sample and we’re seeing a disturbing trend.”

Read more: https://cpatrendlines.com/2020/02/24/more-firms-falling-behind-says-busy-season-barometer/

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