Legacy Professionals LLP

In today’s competitive accounting industry, attracting and retaining top talent is crucial for ensuring long-term success . With the increasing demand for skilled professionals, firms must take proactive steps to create a work environment that promotes loyalty and satisfaction. A strong talent retention strategy can help accounting firms not only keep their best employees but also reduce turnover costs, enhance client service, and improve overall business performance. Create a Positive Work Culture A positive work culture is the foundation of any successful talent retention strategy. In accounting, where deadlines and workloads can be demanding, fostering an environment where employees feel valued, respected, and supported is essential. Encouraging open communication, collaboration, and inclusivity within teams helps individuals feel like they are an integral part of the firm’s success. When employees experience a positive work environment, they are more likely to stay engaged and lo...

  The SECURE Act 2.0, signed into law in December 2022, builds upon the original SECURE Act of 2019 to expand and enhance retirement savings opportunities for employees. This legislation introduces several key changes designed to make retirement plans more accessible, flexible, and beneficial for workers across the United States. These reforms aim to address some of the biggest barriers employees face when saving for retirement, including low participation rates, limited contribution limits, and limited accessibility to various retirement vehicles. Below, we explore the key provisions of the SECURE Act 2.0 and how it can help employees better prepare for their financial future. Increased Auto-Enrollment in Retirement Plans One of the most significant provisions of the SECURE Act 2.0 is the requirement for employers to enroll eligible employees in 401(k) and 403(b) plans automatically. The goal of this mandate is to increase participation rates in employer-sponsored retirement plan...

Attracting top-tier talent to a CPA firm is a challenging yet essential task that directly impacts the firm’s ability to deliver high-quality services and foster long-term growth. In a competitive job market, CPA firms must adopt a strategic approach to recruitment, ensuring that they not only attract skilled professionals but also select individuals who align with the firm’s culture and values. To successfully recruit exceptional talent, firms need to emphasize strategies that enhance their appeal to the best candidates and position themselves as employers of choice in the accounting industry . Creating a Compelling Employer Value Proposition To begin attracting top talent, CPA firms must first establish a compelling Employer Value Proposition (EVP) that communicates the unique benefits of working at the firm. This involves clearly articulating what sets the firm apart from others, whether it’s the company culture, professional development opportunities, or the work environment. A str...

A Landmark Shift in Retirement Legislation Retirement planning in America is undergoing a significant transformation thanks to the SECURE Act 2.0, signed into law in December 2022. Following in the footsteps of the original SECURE Act of 2019, this sweeping legislation introduces a wide array of measures designed to strengthen retirement security for millions of workers. From boosting savings rates to addressing the student debt crisis, the new rules aim to modernize the retirement system and make it more adaptable to the diverse financial realities faced by employees today. Employers, benefits administrators, and financial professionals are now analyzing the implications of the SECURE Act 2.0 to determine how best to implement its provisions. With more than 90 separate changes to existing retirement laws, the Act is poised to reshape the way Americans save for their futures. Automatic Enrollment as the Default Setting One of the central pillars of the SECURE Act 2.0 is the expansion ...