There are two huge challenges that come with growing your accounting firm beyond traditional compliance and tax work:
- Figuring out where to go next
- Figuring out how to get there from where you’re at
The first challenge is perhaps easier to overcome than the second, especially if you’re paying attention to where the industry as a whole is going (hint: accounting tech is a huge player in that conversation). You could focus more on providing high-value advisory or virtual CFO services, legacy planning, mergers and acquisitions—whatever your data-driven heart desires.