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Working for companies owned by well-heeled private-equity firms can mean lower wages for employees
Alma Jordan, a certified nursing assistant at the Marcella Center nursing home in Burlington, New Jersey, respected the residents she cared for there over the past 16 years. They were like family, she said, and she believes they’ve appreciated her attentiveness, especially during Covid-19. Not so, the nursing home’s new owner, Jordan said. After Complete Care Management, the largest for-profit nursing home operator in New Jersey, took over the 150-bed Marcella Center in April, it slashed worker benefits, she and other employees as well as a representative from their union told NBC News. Amid the pandemic, Jordan’s paid holidays were
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Focus Financial’s Connectus Acquires 3 Firms in 3 days
Connectus Wealth Advisers, a division of Focus Financial Partners, has acquired three wealth management firms in the past week—one in the United Kingdom, one in Massachusetts and one in Australia. Focus announced Monday that Trident Financial Planning Limited, a wealth management firm in Berkshire, England, would be joining Connectus. Trident, which represents the second U.K.-based firm to join Connectus’ shared services model, serves individuals and families throughout the U.K. Related: Focus Financial’s Connectus Launches Business Development Program On Friday, the firm announced the acquisition of New England Investment & Retirement Group (NEIRG), an RIA in North Andover, Mass. The
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Accounting firms bet on tech advisory services as key growth engine
National accounting firm CliftonLarsonAllen (CLA) is creating machine learning models to help manufacturing clients revamp their processes. Marcum last year tasked its chief information officer with leading a subsidiary focused on technology advising. At CohnReznick, the number of employees doing advisory services has tripled to 600 since 2014. CPA firms have traditionally been known for providing audit and tax services, but increasingly many Greater Hartford accountants have begun to offer, or are growing tech-centric advisory services. Local industry leaders say they see this as a major potential growth area, as artificial intelligence, cybersecurity and other technology areas become a greater
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Accounting firms slowly return to offices while giving employees flexibility
Accounting firms, like many businesses, are reopening their doors as the COVID-19 pandemic recedes thanks to wide availability of vaccines in the U.S., but they’re trying to avoid alienating staff. Firms have been welcoming back employees who have been working from home for over a year, but giving them options to keep working remotely, if they choose, to avoid losing talented staff and partners to the competition. While a year ago, companies were laying off millions of employees due to the economic fallout from the pandemic, the situation has reversed and businesses in many industries are having trouble finding qualified
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Australian Firms Now Have Access to BOSS’ Flexible Outsource Accounting Rates
Outsource Accounting Provider BOSS (Back Office Shared Services) Offers As-Needed Staff Hiring Outsource Accounting provides accounting firms, businesses, and individuals with the opportunity to hire overseas accountants for a fraction of the cost of an in-house hire. This provides the ability to achieve financial goals with a greatly reduced financial risk. However, even with the large cost-savings, what if someone can’t afford a full-time accountant, overseas or otherwise? Or what if they don’t have enough work for that accountant to make a full-time hire worth the money? Outsource Accounting provider BOSS can come to the rescue. Looking to make
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Business Management Consulting Services Market Evaluation, Development by High Firms, Developments by Varieties and Utility, Forecast to 2026
Business Management Consulting Services Market Management consulting is the practice of helping organizations to improve their performance. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to consultants’ specialized expertise. The Business Management Consulting Services Market report demonstrates detail coverage of industry and main market trends. The data sources include but not limited to reports of companies, international organizations and governments, market surveys, and related industry news. The market research includes historical and forecast data from like demand, application details, price trends, and company shares of
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Accounting firms must help to stem tide of graduate unemployment
The detrimental impact of the pandemic and successive lockdowns on the labour market are well documented. Just as with the 2008 financial crisis the most pronounced effects are upon young adults looking to embark on their careers. A report last year into social mobility by the Sutton Trust found that 49 percent of small and medium sized businesses and 29 percent of larger ones, including in the accountancy and professional services sector, cancelled all student work experience. Meanwhile, 61 percent of those employers surveyed cancelled some proportion of their scheduled work placements. The negative impact of this on graduate employability
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Vault Accounting is Setting a New Standard for CPA and Accounting Firms
NEW YORK, June 7, 2021 /PRNewswire/ — The preeminent New York accounting firm Vault Accounting is shaking things up in the accounting world, providing tailored accounting, bookkeeping, and tax services to companies that need them all over the United States. “Most accountants who only see their clients once a year before tax season are most likely doing a minimum job,” says Vault Accounting’s representative. Unlike other CPA and accounting firms, Vault Accounting’s custom business solutions work to help you keep track of and save your money. “We are doing everything completely opposite of traditional CPA and accounting
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