Is your firm ready for the radical changes ahead?
The accounting profession stands at a pivotal moment. Listen as Radical CPA Jody Padar talks about accounting trends and shares how embracing new pricing models and technology can position your firm for success. Learn why 24% of professionals agree that traditional firm structures won’t exist by 2030.
Watch the full episode on YouTube or Vimeo.
Episode highlights:
- 🔄 Business model evolution: Traditional CPA firm ownership structures are predicted to transform by 2030, with accounting companies and technology providers leading the change.
- 💰 Value pricing impact: Shifting from billable hours to value pricing enables firms to improve profitability while enhancing both employee satisfaction and client experience.
- 🤖 Technology integration: Implementing automation for routine tasks allows staff to focus on advisory services and strategic work. And this truly benefits clients.
- ⏰ Work-life balance: Value pricing models enable firms to better manage capacity. And this leads to improved quality of life for employees with standard working hours.
- 👥 Client experience: Proactive service planning and regular touchpoints create stronger client relationships. And this leads to better outcomes than reactive, hourly-based approaches.
- 📚 Practice management: Understanding accounting trends and implementing modern practice management principles is crucial for firm success in today’s technology-driven environment.
About The Modern Firm podcast
This episode of The Modern Firm podcast is brought to you by Rightworks. Dr. Kristy Short, Senior Director of Content Strategy at Rightworks, moderates the discussion with guest author and Radical CPA Jody Padar.
For more episodes, recaps and resources, visit rightworks.com/resources/podcasts.