outlook & analysis

firms recall half of furloughed staffers

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total tax and accounting employees, in thousands, over the last 18 months. (卡塔尔世界杯常规比赛时间 research)

just in time to finish tax season.

by beth bellor

got whiplash? job sectors that saw figures plummet in last month’s report are seeing them climbing back, albeit not as quickly.

more: the mystery of 10 million missing tax returns | pro tax prep stalls to a crawl amid covid-extended season | planning for the coronavirus recession | the tax season 2020 dumpster fire | |  covid kills 67,600 jobs in tax and accounting  | pre-covid-19, accounting profession hits new highs

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the tax and accounting industry has quickly added back about half of the jobs lost in the covid-19 shutdown – just in time to finish the hyper-extended tax season, according to the latest 卡塔尔世界杯常规比赛时间 jobs report. but what happens next is anybody’s guess.

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

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

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accounting firms take billions in ppp payouts

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cpa firms grab the biggest slice of ppp loan payouts, accounting for 56% of the tax and accounting industry’s imperiled jobs. (卡塔尔世界杯常规比赛时间 research)

thousands of tax prep shops, bookkeeping companies, cpa firms, and payroll services take emergency loans, promising to save over 200,000 jobs.

by 卡塔尔世界杯常规比赛时间 research

some 6,610 tax, accounting, payroll, and bookkeeping firms have so far received millions of dollars in small business administration paycheck protection program loans, potentially saving over 210,613 jobs, according to new data obtained by 卡塔尔世界杯常规比赛时间 research.

the 卡塔尔世界杯常规比赛时间 full list of tax, bookkeeping, payroll and cpa firms is available to pro members here.

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the leading borrowers have all been cpa firms – each collecting $5 million to $10 million against a promise to save 10,298 jobs, more than half of the entire industry headcount threatened by the pandemic-fueled economic crash.

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covid cuts accounting profits

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two views on tax season from texas: john lister and jonathan kaplow

a shift in the wrong direction.

busy season barometer:
how accountants are battling the coronavirus recession
join the survey. get the answers.

by 卡塔尔世界杯常规比赛时间 research

every business in the country, if not the world, is feeling the impact of the covid-19 pandemic. outside of the tech sector, the impact has been largely negative. every business is suffering. so, relatively speaking, the tax and accounting sector may be getting off easy.

more trends in surveys & research: seven ways covid has changed busy season | getting a handle on covid | covid crushes cpa business outlook |  is the worst over? 63% of small business say so | beat the covid crisis with these 20 steps for your firm and your clients | clients, revenues, profits – trending down, down, down | covid crushes rosey forecasts | the seven factors keeping accounting firms afloat amid covid-19 | feeling the pain? the biggest job losses by client sector | tax season pivots to covid rescue season | planning for the coronavirus recession | how accountants are coping with covid-19 |

more coronavirus coverage here

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

according to the latest data from the 卡塔尔世界杯常规比赛时间 2020 busy season barometer, about 39 percent of firms are still expecting to see an increase in business, but overall optimism seems to be dipping even as the economy begins to reboot.

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