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outlook & analysis

fresh data spell new staffing issues at tax & accounting firms

卡塔尔世界杯常规比赛时间 jobs reporthiring and wages are up. utilization rates are down.

next question: the best talent retention strategies.
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by 卡塔尔世界杯常规比赛时间

most workers in the tax and accounting industry are working fewer hours than a year and a half ago, according to 卡塔尔世界杯常规比赛时间 sources, a potentially troubling sign of unsustainable hiring and management practices.

in addition, year-over-year increases of 5 percent or more were seen in

  • number of overall staff;
  • number of cpa firm employees, both total and staff;
  • payroll staff;
  • and women overall, at cpa firms and in payroll

the really bad news comes in payroll agencies, where positions are at their second highest level ever, but wages are plummeting.

with the new data, the monthly 卡塔尔世界杯常规比赛时间 jobs report projects a new surge in turnover with the end of busy season. there will be winners. and there will be losers. savvy, growing firms will be well-positioned to attract the under-leveraged talent that slow-footed firms can’t handle or afford. top talent will be making lateral moves, as much for more supportive cultures and future opportunities as for a quick pay increase, according to the 卡塔尔世界杯常规比赛时间 analysis.

in this report, 卡塔尔世界杯常规比赛时间 provides additional detail and analysis on:

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

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leadership

weisermazars mp blake charts u.s. expansion

blake
managing partner james blake

succession planning will be key to success.

by 卡塔尔世界杯常规比赛时间 staff

weisermazars is looking to guarantee its success as a firm long into the future by helping its professionals find their own success earlier on in their careers.

the new york-based accounting and consulting firm, which ranks as the nation’s 23rd largest, has its up-and-coming professionals take over the responsibilities of partners nearing retirement under a process that begins very gradually some three years before the partners retire. and it grooms those up-and-comers to handle increased leadership roles via internal training programs conducted by its top executives.

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pro member exclusive

refunds top $200 billion mark

chart of irs data for week ending march 25
[click for larger image]
tax pros hold edge while direct deposit rules.

by 卡塔尔世界杯常规比赛时间

refunds to individual income tax filers topped the $200 billion mark as the 2016 filing season entered its final month.

the internal revenue service had received 89.41 million individual returns by march 25, down 0.9 percent from the same time in 2015. it had processed 86.91 million of those returns, down 1.6 percent. while slowing, that’s still a 97.2 percent processing rate.
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pro member exclusive

will college grad supply meet industry demand?

silhouette of graduates throwing caps into airfirms are hiring, but accounting enrollment has swung widely.

by 卡塔尔世界杯常规比赛时间

there’s disturbing but not disastrous information about the profession’s labor supply.

or, to look at it another way, good news and bad news.

the good news is that accounting firms are optimistic enough to foresee a lot of hiring.

the bad-but-not-disastrous news is that the incoming supply of accounting graduates may not keep up with the demand.

so much for optimism.

since 1971, when the aicpa began its study, “trends in the supply of accounting graduates and the demand for public accounting recruits,” the general trend in graduates with bachelor’s and master’s  in accounting degrees has generally risen, but not evenly. growth was steady and steep through the ’70s but then evened off for 20 years. but the new millennium didn’t bring new hordes of cpas. quite to the contrary, graduation with accounting degrees rates declined. by 2006, they were down to the numbers of the mid-70s.

but the trend turned upward again and rose steeply, doubling the number of bachelor’s and master’s degrees by 2012.

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