Firm Foundation Announces the Launch of Their Highly Anticipated

2009 Annual Financial Statistics Survey

Participating Accounting Firms Receive a Free Detailed Financial Statistics Report and

Benchmarked Comparison Chart Measuring Survey Results with Results From Industry Peers

May 13, 2009 – PEORIA, Ill. – Firm Foundation (www.FirmFoundationCPA.com), a division of RSM McGladrey, which provides access to a successful alliance of like-sized firms and RSM McGladrey’s broad range of technical expertise and practice management resources, announced today the launch of their highly anticipated 2009 Financial Statistics Survey.

“The Firm Foundation Financial Statistics Survey clearly identified areas where a firm needs improvement to remain competitive based on benchmarks in the industry,” said Dean Sengstock, Managing Director, Firm Foundation. “Given the challenges most firms face today to remain competitive and increase firm productivity, we are anticipating an exceptionally high response rate, and strongly urge every member of Firm Foundation to take advantage of this free comprehensive survey, to ensure they can take full advantage of the results and plan accordingly,” continued Sengstock. Registration for the survey closes on May 22, 2009. 

In addition to receiving a detailed financial statistics report of the firm’s financial statistics survey results benchmarked against industry peers, participating firms will also receive the following:

·       FREE Confidential report detailing each firm’s  financial statistics against other like sized firms;

·       FREE Customized analysis, including:

o      Strategies to improve a firm’s performance;

o      Detailed exposure to emerging industry trends;

·       FREE Practice management consultation with a financial expert; and

·       FREE 12-Month Net Income Per Partner (NIPP) Calculator Tool to track key results.

“A firm’s financial performance is often thought to be one of the best indicators of its long-term survival,” commented Sengstock. “Not only is it important for making sure that the current owners are adequately compensated for their performance and investment, but it is also critical to ensure that there is enough money to transition the firm to the next generation.”

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Firm Foundation

Firm Foundation (www.FirmFoundationCPA.com), a division of RSM McGladrey, is an association of U.S. based independent accounting firms with 10 to 30 FTE. Firm Foundation members benefit through access to a successful alliance of like-sized firms and McGladrey’s broad range of technical expertise and practice management resources including human resource tools, marketing tools, tax tools, and a variety of additional tools and services that have elevated McGladrey to the top of the industry.

RSM McGladrey

RSM McGladrey is a leading provider of financially focused business services. The RSM McGladrey group of companies offers accounting, tax services, business consulting, retirement resources, corporate finance, wealth management and financial process outsourcing. RSM McGladrey serves clients’ global business needs through its membership in RSM International (an affiliation of separate and independent legal entities). RSM McGladrey Business Services is a wholly owned indirect subsidiary of H&R Block (NYSE: HRB).

RSM McGladrey Contact:

Bette Luna, Marketing Manager

Phone: 800-537-7118

bette.luna@rsmi.com

PR Contact:

Leslie Garrett, Accounting Edge Marketing

Phone: (651) 451-6903

lgarrett@AccountingEdgeMarketing.com