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Planning the profit of an Accounting firm

  Most accounting firms plan their revenue and profit in one (or a mix) of the following ways: Our revenue (or profit) was $X last year. Let’s add X% for our target. Our costs are pretty much fixed, so now we’ll work out how many people we need, what the charge rates need to be…

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4 hours of capacity per Accountant per day

You have more capacity than you think. I am going to show you how to free up to 4 hours per Accountant per day of new capacity – without hiring any more Accountants. I’ll use the example of a sole practitioner with 5 Accountants. You can multiple the maths out for your size firm. You’ll…

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$1M profit per partner

Most CPA’s make nothing close to $1M profit per partner. Most are in the $200K – $400K range. I personally think that is waaayyyy to low. For the risk you take, for how smart you are and the value you add I think you’re worth >$1M profit per partner. But you have to believe it…

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Increase profits by working less

Increase profits by working less! There is not an Accounting firm on the planet that I have met in 22 years coaching firms that does not want to increase profits by working less.. Many of the firms we have worked with over the years are achieving more than $1M profit per partner whilst delivering 500…

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Double your profits in year 1

Last week I asked 134 Accounting firms (who we have never worked with) 3 critical questions about their accounting firms. Do you have a model and proven method to create over 25% capacity this year? Only 18% said they do and sadly 82% said they do not. You need to have capacity to grow your…

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THEPAC2016

What an amazing 4 day event we just wrapped up. We had 400 Accountants, 123 firms, 30 sponsor businesses, 9 speakers + team & spouses. Over 500 people in total. It was an amazing program. And a HUGE congratulations with the winners of our annual award ceremony.  Accounting Business of the Year – Canny Group Business Advisor…

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