Running a CPA firm today has plenty of challenges. As business clients expand their operations at an accelerated pace, CPAs must monitor multi-level tax compliance, international treaties and a host of global accounting and reporting standards. CPAs also stay current on technical standards and find, recruit, train and retain top talent in a competitive economy. We adjust our work models to align with the values of a new workforce, invest heavily in technology and develop new service offerings to meet client needs, all while combating shrinking profit margins. As a profession, we are more than capable of overcoming these challenges.
Of all these challenges, there is one that can be simplified: CPAs’ and CPA firms’ ability to seamlessly cross state lines to provide services to clients.