Lawyers, Bankers Lose Out


While it should come as no surprise to CPAs, a recent survey found that the nation’s small business owners overwhelmingly favored their accountants—over their bankers or lawyers—for business advice.

Nearly 82% of respondents said they turned to their accountant for advice. Lawyers came in second with 14%, while only 4% chose bankers.

The survey, conducted in August, also asked the 550 small business owners which of the three advisers was most crucial to their business success. Accountants again beat out bankers and lawyers, with 75% of respondents citing accountants as the key contributor to success, 13% choosing bankers and 12% selecting lawyers.

Source: SurePayroll.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.