Financial crisis: Questions … and opportunities

QuestionsGot questions about the financial crisis?

Take a number. We've got a million of 'em ourselves, starting with:

  • How long will it last?
  • Will the federal government's rescue plan work?
  • Will things improve when President-elect Obama takes office?

CPAs want answers, too. There are lots of questions, lots of uncertainty, lots of just general anxiety in the profession about the state of things today.

There’s no uncertainty, though, about the advice CPAs are giving their clients these days, and it boils down to this: Don't panic. At least that’s Rick Telberg's take.

Rick is president and chief executive of Bay Street Group, which offers advice in marketing, management and strategy. He’s also editor of CPA Trendlines, one of the most read and influential blogs in the CPA profession. Telberg is constantly surveying CPAs nationwide to get their opinions on issues that impact the profession, and he’s run a number of economy-related surveys recently. The results might surprise you.

In a recent phone interview, Rick explained why CPAs are as shocked as anyone about the crisis – and why the crisis might actually offer CPAs huge opportunities in the long run. Find out more by listening to this MACPA podcast.

  • Subscribe to our free weekly podcasts here, or open your copy of iTunes and search for "CPA Spotlight."

What's your take on the crisis? Do the threats outweigh the opportunities? Let us know, when check out the MACPA's new online center that offers news, resources, CPE and opinions about the crisis.


Bill Sheridan