headcounts dip by 3,500 in tax & accounting

hourly earnings hit new high.

by beth bellor

cpa firms and payroll agencies are trimming their headcounts going into busy season 2020, according to new data obtained by 卡塔尔世界杯常规比赛时间 research

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 (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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toss the org chart for an accountability chart

blank organizational chartare the right people in the right seats?

by jody grunden

“getting the right people on the bus, the wrong people off the bus, and the right people in the right seats – these are all crucial steps in the early stages of buildup…” – jim collins, “good to great”

more: how to develop your leadership team | disc helps remote team work together effectively | how core values affect remote work culture | 4 ways to bill clients | 3 ways to keep client files safe from security threats | how ‘tech stacks’ can help you standardize | automation and the future of accounting | the rise of the virtual cfo | ready to be a virtual cfo? | the only three metrics you need to measure staffers
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when adam and i first started the company, we didn’t have much organizational structure. we didn’t need it. but as the company grew, it became necessary to develop an organizational structure. there’s a great quote by michael e. gerber in his book “the e-myth revisited” that says, “without the organization chart, confusion, discord and conflict become the order of the day.”
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be a talent magnet

five young business people at work in an office setting.retention will naturally follow.

“things may come to those who wait, but only the things left by those who hustle.” – abraham lincoln

by steven e. sacks
the new fundamentals: practical guidance for today’s accounting firms

younger professionals are looking for cpa firms that will enable them to move up the career ladder faster than what had been the traditional time frame. depending on the existing firm structure and size, there may not be any partnership opportunities until such time there is retirement, resignation or death.

more: got great people? work to keep them | the 5 keys to success in accounting careers | the holy grail: finding the right talent | the power of ‘real influence’ | stop wasting time in useless meetings | is your firm’s culture a magnet?
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at the same time, the roles and responsibilities of a partner have evolved; clutching tightly to a book of business or pulling needed staff from others when engagements are not concluded has reduced the sense of collaboration and entrepreneurship. this has made the attainment (and the pursuit) of partner less appealing.
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tax season savvy: five ways to stay sane

why good boundaries make good workplaces.

by kristen rampe

after spending nearly 20 years with accountants (including myself!), i’ve come to recognize a common trait among our tribe. we’re a group of people who love saying “yes.”

more:  why host a partner retreat? |  survey results: effective stay interviews for cpa firms |  the 16 biggest #fails in delegation |  survey: work-life balance: according to whom? |  survey results: two ways your strategic plan can reduce turnover

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

we say “yes” to clients, firm partners, our team members, family, friends, volunteer engagements and so on. people love us for it. i mean, when you think of qualities you look for in people you work with, willingness and reliability are right up at the top of the list.

but as you’re working tirelessly to meet the needs of everyone you encounter, how are your own needs being met?

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how to develop your leadership team

large group of people gathered into an upward arrow shapeget the right people on the bus, then figure out where to go.

by jody grunden

“once you recognize that the purpose of your life is not to serve your business, but that the primary purpose of your business is to serve your life, you can then go to work on your business, rather than in it, with a full understanding of why it is absolutely necessary for you to do so.” – michael e. gerber, “the e-myth revisited”

more: disc helps remote team work together effectively | how core values affect remote work culture | how ‘tech stacks’ can help you standardize | ready to be a virtual cfo?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

as our team was growing and we reached over 30 team members, we recognized the need to establish a formal leadership team. when we were smaller, it worked fine for adam and me to be the primary decision makers, but as our client base and workload grew, we realized we would become a bottleneck and slow things down. at that point, we made a conscious effort to transition our daily tasks and client responsibilities to other team members so we could remove ourselves from the weeds and focus on the higher-level view of the company.
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the 5 keys to success in accounting careers

man looking at 5 keystwo ears, one mouth.

by steven e. sacks
the new fundamentals: practical guidance for today’s accounting firms

young professionals or those who will graduate college in the next few years should understand there are important ingredients to progress in their careers.

more: who’ll quit next? | make crap a badge of honor | the job interview: a make or break proposition | 10 elements to balancing shareholders’ needs | a leader’s guide to ending entitlement | performance reviews: no need for teeth pulling | battling staff turnover | 7 steps to take as your firm grows | how enthusiastic is your staff? | can you recite your mission statement? | your firm’s biggest assets walk out the door every day
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there are at least five principles you should follow to ensure you are moving ahead on the right track.
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hiring growth rate shows signs of leveling off

still healthy, but not as good as last year.

who’s hiring, who’s not.
who’s quitting, who’s staying.
and why and why not.
join the survey. get the facts.

by beth bellor

“stay the course.” remember that chestnut?

more on jobs: what staffing shortage? | payroll agencies lead jobs growth in the tax & accounting industry | hiring trends: accounting hits 4.2% expansion rate | hiring trends flash warning signs of slowdown in tax & accounting | charts: tax & accounting among biggest jobs creators in u.s. | hiring surge powered by growth in payroll agencies
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maybe it’s not time to rock the boat. the accounting profession is more than holding its own, with new highs seen in:

  • overall earnings,
  • staff earnings,
  • cpa firm staff numbers and earnings, and
  • payroll services earnings.

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what staffing shortage?

demand for new hires shows signs of weakening.

by beth bellor

high-quality tax, accounting, and finance talent remain in high demand, with about 33% of companies reporting open positions, according to a new study that also forecasts strong hiring demand over the next 12 months.

more on jobs: payroll agencies lead jobs growth in the tax & accounting industry | hiring trends: accounting hits 4.2% expansion rate | hiring surge powered by growth in payroll agencies | tax shops cut 6,200 jobs | salary survey: top skills getting top pay
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

“more than one-third of the human resources professionals and hiring managers who participated in the q4 2019 hiring forecast survey reported unfilled jobs in accounting and finance,” according to sagar pandya, cpa, vp of operations at brilliant. “this number is lower than last quarter and lower than any other quarter in the past year.”
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payroll agencies lead jobs growth in the tax & accounting industry

join the survey. get the results

“the opportunities for cpa firms only increase.”

get more from the “talent, career, and growth strategies: job satisfaction and hiring trends tracking poll” 
join the survey. get the results.

by beth bellor

“it’s a good time to be a cpa,” says brian esko, and – with some notable exceptions – it’s hard to disagree.

the managing director and executive recruiter at parker & lynch and ajilon search points to an unemployment rate of roughly 1.5 percent for accounting, almost 300,000 new jobs created over the last 12 months and wages rising at roughly 3 percent annually.

more on jobs: hiring trends: accounting hits 4.2% expansion rate | hiring trends flash warning signs of slowdown in tax & accounting | charts: tax & accounting among biggest jobs creators in u.s.
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

esko

“for a cpa, there are more opportunities than ever in the market and companies are doing a better job of rewarding and retaining their people through compensation increases and internal growth opportunities,” esko says.

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 (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

how to transfer a boomer-owned cpa practice to a millennial

riding the big gray wave.

by brannon poe

the demographic tsunami actually might surprise you. according to pew research, millennials are projected to soon overtake baby boomers as the largest generation. that’s right, they will be the biggest generation in the u.s. and they are almost there.

  • boomers – born from 1946 to 1964 – 74 million
  • millennials – born from 1982 to 2002 – 71 million

another very important consideration is the declining number of cpas in the profession. the total number of first-time licensed cpas has declined about 20 percent since the 1990s.

it appears that the “greying of the profession” may be more of a function of the number of people who have chosen the profession and those that have decided to get out of public practice altogether.

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hiring trends flash warning signs of slowdown in tax & accounting

cpa firm staffing and wage growth signal weakness.

by beth bellor

not only are several sectors in the tax and accounting industry charting new records in employee numbers, but wages often are up as well, according to new 卡塔尔世界杯常规比赛时间 research.

more on jobs: charts: tax & accounting among biggest jobs creators in u.s.
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but key indexes are flashing signs of a decelerating expansion, possibly augering a slowdown, or even cutbacks, in the months to come.

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 (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →