What does ‘the firm of the future’ look like in real life?

June 29, 2016 | By Paul Latham

A quick question for you …

  • Are you working more hours today than you did five years ago, or fewer?
  • Are your clients looking for ways to pay your more for your services or less?
  • Do you spend much of your day in “crisis management” mode – reacting to problems and putting out fires?

And does it feel like those fires are coming at you faster and faster . . .
to the point where each week, each quarter, each tax season is more exhausting than the last?

What about five years from now… do you expect the pace of change to speed up or slow down?

There’s no denying it. The accounting world is changing dramatically -- and rapidly. Since the publication of AICPA’s CPA Horizons 2025 report, we’ve all been put on notice: A CPA is no longer defined by “traditional services such as tax preparation, audits, and financial statements.”

In the time since CPA Horizons 2025 appeared in the Journal of Accountancy, there’s been much discussion about “the firm of the future.”

But while everyone’s talking about “the firm of the future,” there have been few practical details. For example,

  • What does it look like?
  • How does it work?
  • How do I add value to my practice?

Where are the opportunities for growth?

Elite Resource Team answers these questions. And provides a simple roadmap for success in the Knowledge Age.

Elite Resource Team Solutions is a partnership between accountants and entrepreneurs – a way for CPAs to maximize the value of their practice… and become more relevant to the modern business owner.

There’s a tendancy in America to think we’re the leaders and pioneers in everything. But the truth is, accountants in Australia, New Zealand and Great Britain are a decade or more ahead of us in thinking about and developing “the firm of the future.”

That’s why the Elite Resource Team System is based on a formula used to transform a small-town practice into one of the largest accountancy firms in England (you can read more about it at staging.elitert.com).

It’s tried and tested – with an 18-year track record of success – and proven to work in firms large and small.

It follows a simple, logical, step-by-step process – no special skills required.

Just a mindset that is ready to change.