Finding a good Certified Public Accountant (CPA) has become increasingly challenging in recent years. The reasons are numerous, rooted in demographic shifts, outdated business models, and the evolving landscape of financial services. Brickley Wealth breaks down the primary factors contributing to this difficulty and how our integrated approach addresses these challenges.
The Retirement Wave
The CPA community is experiencing a significant demographic shift. Many CPAs are nearing retirement age, and as they exit the workforce, there are not enough new professionals entering the field to replace them. This shortage creates a ripple effect, increasing the workload for existing CPAs and making it harder for new clients to find available and experienced professionals.
Increased Workload for Remaining CPAs
With more CPAs retiring, those who remain are taking on a heavier workload. Many CPAs have reached their capacity and made business decisions to stop accepting new clients. This saturation means that even if you find a good CPA, they may not have the bandwidth to take on your tax preparation and planning needs.
The Downside of Traditional Revenue Models
CPAs who focus solely on tax preparation often operate on a fixed-fee-per-return model. To maintain and grow their revenue, they must handle a large volume of tax clients. This high-volume approach can lead to overstretched resources and potentially lower the quality of service provided, as CPAs rush to meet deadlines and manage an overwhelming number of clients.
Our Comprehensive Financial Model
At Brickley Wealth, we take a different approach. Our business model integrates tax preparation and planning with financial advisory services. This diversified revenue stream allows us to maintain a balanced workload without relying solely on the volume of tax clients to sustain our business. By not having to increase the number of tax clients, we can focus on delivering high-quality, personalized advice with consistency.
Quality over Quantity
Our model enables us to restrict the number of clients we work with, ensuring we are not stretched too thin. This approach allows us to provide consistent, high-quality advice to each of our clients. We prioritize long-term relationships and comprehensive financial planning, which includes not just tax preparation but also strategic tax planning and financial advisory services under one roof.
If you are finding it hard to locate a reliable CPA, consider a firm like ours, where integrated services and a client-focused approach ensure you get consistent financial guidance. Our balanced workload and comprehensive service model are designed to meet your needs effectively, providing peace of mind and financial resilience.