surveys & research

facing busy season ’23: 99% of accountants suffer burnout

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webinar set to help yourself and your team.

by 卡塔尔世界杯常规比赛时间
via the center for transformation

finding qualified talent has long plagued the accounting profession. however, with covid-19 and remote work, the past three years have ushered in a new age of attrition and burnout.

the value of personal resilience: what accountants need to know

tuesday, jan. 17, 2023, 12 pm et.

cost: $10 for cpe/free for no cpe

click here to register or learn more

a july 2022 article in accountancy age explored a survey that showed 99% of accountants suffer from burnout, with 24% reporting medium-high to high levels of burnout.  further, that burnout is generally listed as why many cpas leave public accounting.

the survey, conducted by floqast, a provider of accounting workflow automation software, and the university of georgia, used the maslach burnout inventory (mbi)—the leading measure of burnout and validated by more than 35 years of research—in an accounting setting for the first time. using a 100-point scale, the survey covered three major areas of burnout: emotional exhaustion (ee), depersonalization (dp), and low sense of personal accomplishment (pa).

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cpa billing rates rise at 6.5% pace

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the mark tops six months of steady growth.

line chart
overall pricing at cpa firms, year over year

by beth bellor
卡塔尔世界杯常规比赛时间 research

pricing at cpa firms has been growing for the past six months, according to a new 卡塔尔世界杯常规比赛时间 study, and the numbers are worth noting. august was the first year-over-year hike of over 5 percent, at 5.1 percent. from there, it hopped to 5.5 percent in september, 6.3 percent in october and 6.5 percent in november.

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financial auditing at cpa firms was slightly behind, with annual differences of 4.9 percent in september, 5.5 percent in october and 5.9 percent in november.
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hitendra patil: no new tech. no new growth.

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technology is disrupting the profession, but for the better.

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the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

the silver lining of the pandemic is that it forced accountants to move to the cloud and to develop distributed labor models, changes that are here to stay, hitendra patil, author of client accounting services: the definitive success guide, tells cpa trendines in the latest episode of the disruptors.

more:  mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson

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we can’t fight the rapid technological changes – we can only leverage them to provide better service and insights to our clients, patil says.

pro members always get all nine top takeaways, patil’s bona fides, and the full transcript.
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cpa firm wages surge 9%

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in payroll, employment is up, but earnings are down.

by beth bellor
卡塔尔世界杯常规比赛时间 research

want an easy way to make employees happy? give them more money – and that’s just what’s happening in the latest jobs report.

more: accounting staffs grow 4%; pay rates surge 8% | headcounts grow 5%; pay rates surge at 7% pace | cpa staff wages hit new high and keep climbing | firms battle staff shortages with pay hikes | tax & accounting firms beef up wages and headcounts | employee counts, earnings rise
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except for payroll services, all tax and accounting sectors are seeing higher earnings year over year. overall pay was up 6.7 percent, with cpa firm staff pay close behind at 6.6 percent. cpa firms beat the national 7.7 percent inflation rate, increasing hourly earnings by a heady 9.2 percent.
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the 12 big questions for 2023

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accounting leaders say these are the issues firms must face.

by 卡塔尔世界杯常规比赛时间 research

as gale crosley of crosley+consulting notes in the 2022 rosenberg survey, we are in the midst of “an unusual year of high uncertainty, unpredictability and sapped energy among our profession’s leaders.”

more trends & outlook for 2023: the biggest change in accounting? personnel | look who’s making money now | merger minded? go out on top! |  capacity strategies drive change | who wants to be partner? not enough | private equity heats up m&a | top five trends |  compensation gets creative | cpa partners rejoice on surging fee growth | the office is over | accounting firms face up to private equity | irs hires will add pressures | consolidation brings challenges, opportunities |

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yes, indeed. the profession, once characterized as staid and stable, has been hit by a confluence of what crosley calls “four major thunderbolts,” to wit:

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outlook: the biggest change in accounting? personnel

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four ways to address the talent shortage.

by 卡塔尔世界杯常规比赛时间 research
the rosenberg map survey: national study of cpa firm statistics

the accounting industry has just begun to make its most radical change.

  • it isn’t the tech.
  • it isn’t the shift to advisory services.
  • it isn’t the remote offices.
  • it isn’t the mergers and acquisitions.

it’s all those things, plus what they all add up to: personnel.

more: four accountability steps for firm success | how to build a standout team | five keys to becoming a high-performing firm | assessing your firm | the 4 traits of great cpa leaders | why leaders must ensure clarity | incremental vs. exceptional success
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the industry has been suffering a shortage of professionals for many years now. decades. everybody talks about it, but nobody is doing much about it … until now. and, according to charles hylan’s foreword to the 2022 rosenberg survey, the solution is a combination of several significant changes.

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accounting staffs grow 4%; pay rates surge 8%

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weaker signs in tax and payroll.

by 卡塔尔世界杯常规比赛时间 research

it’s not a bad time to be an accountant.

the accounting sector is charting stable, predictable expansion in an uncertain economic environment, with some signs of weakness in tax prep and at payroll agencies, according to a new 卡塔尔世界杯常规比赛时间 study.

more: headcounts grow 5%; pay rates surge at 7% pace | cpa staff wages hit new high and keep climbing | firms battle staff shortages with pay hikes | tax & accounting firms beef up wages and headcounts | employee counts, earnings rise
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we report here on the accounting profession as a whole as well as:

  • cpa firms
  • tax preparation services
  • payroll services
  • bookkeeping
  • women

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who wants to be partner? not enough

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anybody? anybody? bueller? please?

by 卡塔尔世界杯常规比赛时间 research

as if the general and long-term shortage of accountants isn’t bad enough, now we’re seeing a widespread reluctance to take the final step in an accounting career, the step into partnership.

more: outlook 2023: compensation gets creative | what new leaders want in ownership | getting partners to accept a new pricing philosophy | survey results: partners rejoice on surging fee growth | headcounts grow 5%; pay rates surge at 7% pace | fourteen rules for lateral partner hires

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this is serious. according to the 2022 rosenberg survey, a quarter of all partners are over the age of 60 and either near or past many mandatory retirement ages. many have sold their equity yet continue to work just to help their own firms grapple with personnel shortages.

but nobody works forever.

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the 12 big questions for 2023

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the questions aren’t new, but the answers should direct your strategy.

by 卡塔尔世界杯常规比赛时间 research
the rosenberg map survey: national study of cpa firm statistics

as gale crosley, of crosley+consulting, notes in the 2022 rosenberg survey, we are in the midst of “an unusual year of high uncertainty, unpredictability and sapped energy among our profession’s leaders.”

more outlook 2023: the 12 winning traits of a great cpa firm | what accounting firm start-ups are doing right | workflow is a problem. so why aren’t firms buying solutions? | top five trends | compensation gets creative | cpa partners rejoice on surging fee growth | the office is over | the great resignation or a reshuffling? | accounting firms face down private equity |

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gale crosley
crosley

the profession, once characterized as staid and stable, has been hit by a confluence of what crosley calls “major thunderbolts,” to wit:

  • disruptive technologies
  • shifting economic conditions
  • non-traditional competition
  • fast-moving regulation
  • extensive talent constraints
  • work-from-anywhere options
  • unexpected market demand
  • private equities investing in firms
  • baby boomer retirements

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outlook 2023: compensation gets creative

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accounting will be an attractive career choice again.

by carl george
the rosenberg map survey: national study of cpa firm statistics

there has and will continue to be a significant number of private equity transactions. as with any major shift of ownership in the past, there will be some fallout – partners, staff, niches, clients, etc.

more: outlook 2023: the office is over | 2023 outlook: private equity comes for accounting firms
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that is natural as what we will witness is the creation of new firms and opportunities for those who choose to depart. just look at the new firms that have started in the last five years – that is one way the profession stays young, fresh and entrepreneurial – new players practicing in different ways.
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