NEW YORK, Dec. 22, 2009 — The year 2009 may forever be remembered as a time when the global economy began a painful economic restructuring, but some smart and able accounting firms stand to benefit if they can catch the right trends, according to a new research study by Bay Street Group LLC.
"We've identified five key factors that are driving new opportunities for accounting firms in this difficult business environment," said Rick Telberg of Bay Street Group LLC, the leading market research firm for the accounting profession.
The report, "Emerging Opportunities for Accounting Firms," published by Bay Street Group LLC and sponsored by Research In Motion (RIM), is now available:
- as a PDF download, free with registration, at
- and as a webcast, free with registration, available on demand 24/7 at .
"Leading-edge accounting firms are already taking advantage of the changing economic and regulatory terrain to gain a competitive edge," said Telberg. "They are seizing opportunities in crisis, capitalizing on new regulatory schemes, planning for new tax regimes, sweeping up talented people, and making the best of new technologies."
For this research project, Bay Street Group LLC contacted and interviewed in depth more than two dozen acknowledged thought leaders in the profession. In addition, Bay Street Group LLC conducted an online survey of professional accountants, focusing on decision-makers in mid-size to large accounting firms to assess their use of cell phones, smart phones and related mobility strategies.
ABOUT BAY STREET GROUP LLC
Bay Street Group LLC provides actionable information, strategic insight, and results-driven solutions to the professional tax, accounting and finance communities. Clients include CPA firms and the vendors which serve them. Services include:
- Research and business intelligence
- Business development planning
- Strategic counsel
- Conference and speaker services
- Executive meeting facilitation and partner retreats
Rick Telberg is the founder and principal of Bay Street Group. He is a veteran analyst, consultant, commentator, publisher, and editor. He is the profession's leading commentator and editor of http://cpatrendlines.com, which provides Bay Street Group news and analysis online. In the accounting profession, he has served in executive positions at Accounting Today, WebCPA, SmartPros, CPA2Biz and the AICPA Insider email newsletters.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
CONTACT:
Rick Telberg
Bay Street Group LLC
Phone: 1 (914) 674-4531
Email
# # #