targeting the top 50 highest-paid client categories

plant in egg shell with dollarsnearly 40% of them are in the health care industry.

by hitendra patil
accountaneur

if you have ever struggled to set yourself free from offering only commoditized, generalist types of accounting services and you thought it was very difficult to identify the niches you should focus on, relax! the bureau of labor has the answers for you.

more accountaneur:  the three gears that drive success in the accounting business  |  brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

 

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the latest bureau of labor statistics occupational employment and wage estimates survey has revealed the secret of which professions are earning the most money.

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new report: the cpa shortage approaches a tipping point

shapiro
shapiro

how savvy cpa firms are fighting back.

by 卡塔尔世界杯常规比赛时间 research

a new state cpa society report on the dwindling number of college graduates who are pursuing cpa credentials underscores an issue that’s already being confronted by some forward-thinking accounting firms.

the statistics are daunting:

  • nearly half of college accounting majors never sit for the cpa exam.
  • a third of those who take the cpa exam never complete it.
  • on average, it takes 6.5 attempts for candidates to pass all four parts.
  • only 27 percent of test-takers finish all four parts on the first try.
  • 75 percent of current cpas are projected to retire within the next 15 years.

todd shapiro, the illinois cpa society president and chief executive, calls the stagnating cpa pipeline “a threat that will only get worse and grow more troubling without action because there’s no slowdown in sight for accounting talent demand.”

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cpa salaries projected to advance 3.7% in 2017

excerpt from new robert half salary guide
excerpt from new robert half salary guide

firms jockey for best recruits.

by 卡塔尔世界杯常规比赛时间 research

cpa firms should be braced to pay more and further improve their workplace offering perks to attract top talent, according to staffing firm robert half international.

the already hot market for hiring is stoked to get even more heated with rhi predicting that starting salaries for accounting and finance professionals will increase by an average 3.7 percent in 2017. that’s the second highest level of pay hikes projected for all major professional employment sectors nationwide, trailing only the white-hot technology sector, where it sees average starting pays rising 3.8 percent.

the menlo park, calif., firm warns that “competition for top talent can be fierce,” and notes that many firms are already increasing salaries and bonuses to be tops in their local market areas or business niches. “with skilled professionals in high demand and short supply, more employers are willing to negotiate compensation with potential hires,” said paul mcdonald, senior executive director at rhi.

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jobs report: hiring up. wages down.

cpatrendlines jobs report tilthourly earnings drop everywhere.

by 卡塔尔世界杯常规比赛时间

maybe it’s the restlessness that comes with the shift from summer to fall. employment figures were up and down all over the place, according to new 卡塔尔世界杯常规比赛时间 research.

more on staffing and careers:  two ways your strategic plan can reduce turnover  |  the three gears that drive success in the accounting business  |  how to pay non-equity partners  |  get staff to take ownership of work  |  the 44-point staff performance evaluation checklist  |  when staff accountants don’t want to supervise  |  chris allegretti makes retention a top priority at hbk  |  randy myeroff at cohen & co.: winning the youth movement  |  how can we keep new staff longer?  |
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still, the industry as a whole hit a new high. and women are making huge gains – in accounting overall, in cpa firms and especially in payroll, where their jump from a year ago is an astonishing 16.2 percent.

in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry.
  • average hourly wages for key segments.
  • typical hours worked per week, and
  • trends concerning women in the accounting workforce.

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cpa firm revenues rise a hefty 8%

annual growth: 2006 to 2015 (firms over $2 million)
annual growth rates for firms grossing over $2 million per year. source: rosenberg map survey via 卡塔尔世界杯常规比赛时间

partner incomes top $400,000 as firms make advances in efficiency and productivity.

by rick telberg
the rosenberg map survey

cpa firm revenues are surging more than 8 percent in the just-released 18th annual rosenberg map survey, the strongest expansion in almost a decade.

the advances are being fueled mostly by organic growth, by, with the merger frenzy showing no signs of slowing down, mergers account for about 28 percent of the new revenue, according to the report’s authors, the growth partnership, a st. louis-based practice management consultancy.

but the profession could be holding itself back, according to the authors, led by charles hylan of the growth partnership.

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