future-ready firms grow with productivity and peace of mind
TRANSCRIPT
Future-ReadyFIRMS
with Productivity and PEACE OF MIND
When you have to be right
2015
-034
4-11
A.1
Be inspired by one common goal — SUCCESS!
Visit CCHGroup.com/Faces to read these case studies and more.
Implementing a Digital Tax Workflow = Time Saved = More Revenue and More ProfitUtilizing Wolters Kluwer digital tax workflow, Smith + Salisbury, PLLC estimates it’s saving 5 minutes per return.
5 minutes saved per return
x 1,000 returns per year
5,000 minutes saved (over 83 hours)
How McCarthy, Rose & Mills, LLP Doubled the Industry’s Average Growth RatesSince the firm implemented CCH Axcess™ in 2012, it has been able to outpace top firm average growth by 2 to 4 percent year-over-year.
Christopher M. Salisbury, CPA/PFS, CFP, CSEP,Partner, Smith + Salisbury, PLLC
Mon
ey S
aved
Time Saved average blended hourly rate: $125
3,000 minutes(600 returns)
1,000 minutes(200 returns)
2,000 minutes(400 returns)
4,000 minutes(800 returns)
$5,000(40 hours)
$7,500(30 hours)
$2,500(20 hours)
5,000 minutes(1,000 returns)
$10,000 (80 hours)
Average Top Firm Growth Average McCarthy, Rose & Mills, LLP Growth
12%
4%
6%
2%
10%
8%
83 hours saved per year$10,000+ in the bank
Brett Mills, CPA,Partner, McCarthy, Rose & Mills, LLP
Source: Accounting Today, 2014 Top 100 Firms Supplement, http://cdn.accountingtoday.com/pdfs/Top100-firms-2014.pdf