Welcome to the inaugural edition of The Net Gains.
You've joined an engaged group of accountancy professionals to receive weekly insights and tangible tips on the business of accounting.
Let's get started with this week's top hits, curated just for you:
In Today's Newsletter:🗂️ Accountancy and automation💸Deloitte's restructuring📈 Alternative business models💡Keeping new hires engaged
Is it time to update your business model?The common accounting partnership business model has not changed much since the mid-1800s, despite advancements in technology. Some firms may see a benefit from shifting business models to private equity, employee stock ownership plans or even becoming publicly traded.
🎧The value add of automation
The Successful Bookkeeper | Ep. 408
It’s clear that automation is the future for accounting firms, but having a firm grasp on what should be streamlined, and what should be left alone, is vital – according to Robin Hall, owner and principal consultant at VARC Solutions.
$135 billion
The amount refunded to Americans in the first six weeks of tax season.
Source: CNET
💻Forbes ranks top cloud accounting software💲Deloitte restructures to battle rising costs💼Workshop aims for talent diversity in accounting🍎Unique accounting apprenticeship launches in NJ
Want to keep your new employees? Do this
With a competitive job market for accountants, engaging new hires is vital to keeping them long-term at your firm. Make sure you spend upfront time sharing about your workplace culture and assign a mentor to new hires to ensure they immediately feel like a valued member of the team.
Thank you for delving into this edition of The Net Gains.
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Until next week, keep crunching those numbers.
Katie ParsonsEditor, The Net Gains
