Firms often develop specialties to fall back on when times get bad. I remember one particular accounting firm that decided to get into advising on bankruptcies and business reorganizations, figuring that in bad economic times such a niche would perform better than its other existing niches.
Of course, getting into a new specialty often requires a CPA to study a new practice area, develop skills in it, and get recognition as an expert in the field. I think I have found a new specialty area that firms should consider. Unlike bankruptcy, where it might be hard to find a staff member to volunteer, I think there would be many volunteers for mine.
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