cpa firms hike wages in battle for top talent

next question: who’s hiring, who’s not. get the answers: join the survey.

wad of one hundred dollar bills held in hand on green backgroundby 卡塔尔世界杯常规比赛时间 research

with cpa firms locked in a battle for top-level talent, typical wages in the u.s. tax, accounting and bookkeeping industry are advancing at record rates, according to 卡塔尔世界杯常规比赛时间 sources.

in this report, 卡塔尔世界杯常规比赛时间 covers:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry, indicating growth and shrinkage among sectors.
  • average hourly wages for key segments, with trends in employee pay rates.
  • typical hours worked per week, showing utilization and productivity.
  • trends concerning women in the workforce, including hiring rates. read more →

if you don’t develop your business, who will?

businessman working on laptop with wall of symbols scribbled behind him5 mistakes to avoid when seeking new clients.

by sandi smith leyva
the accountant’s accelerator

if you’re a sole practitioner or small-firm operator, you’re probably very good at what you do – or you wouldn’t be in business today. but when it comes to marketing and selling yourself, well, many of us didn’t voluntarily sign up for that part.

more on small-firm growth strategies: when your business card works against you | 10 ways to ruin a website | 4 steps to weather any economic storm | want to be stress-free? use your strengths | ‘time problems’ don’t exist | could you use more energy this tax season? | 15 items for your ‘business bucket list’ | 3 ways to plug your firm’s money leaks

as a matter of fact, some of us are resisting – kicking and screaming – marketing ourselves. so no wonder, for some of us, business is slow or not growing at the rate we’d like.

read more →

you’re radically more than you realize

are you guilty of random acts of consulting?

by jody padar
the radical cpa

to me, the most trusted business advisor is the small busi­ness advisor. that’s what my customers see. my firm serves small businesses from the ground up to $10 million. yes, we look at their numbers, but practically speaking one gains a lot when you’re in their financial underwear drawer.

most of our conversations are around their questions. it’s a natural extension of the work we already do – financials, taxes, payroll, cash flow and forecasting.

more radical cpa: 5 radical transparencies; are you ready? | 4 questions radical firms must face | being radical is all about your customer | being radical starts with being the change | why start being radical now? | going radical: the 4 tenets of a ‘new firm’ | why should cpas be radical? | the roots of ‘radical’ cpas | the first 3 questions i should have asked before starting my own practice

these people are not asking complex tax questions. they’re asking about it, human resources, general licensing and for help with some decision-making. we’re small business consul­tants.
read more →

irs seeks more tools to fight refund fraud

irs commissioner john koskinen
koskinen

fy 2016 budget provisions would expand authority for regulation, correctable errors.

refund fraud, especially that caused by identity theft, remains “an ongoing battle” for the irs, commissioner john koskinen said in testimony about the 2015 tax season before the house ways and means committee’s subcommittee on oversight.

“for that reason, and in spite of our budget constraints, we have continued to focus as much of our resources as possible on improving our efforts against identity theft,” he said, improving filters used to detect suspicious returns as they come in at a rate of more than 2 million suspicious returns so far, which is over 500,000 more than last year at this time. read more →

workflow automation takes root in mainstream cpa firms

roman kepczyk , author of quantum of paperless at //www.g005e.com/shop/qop/
roman kepczyk, quantum of paperless

tax season 2015 sees 59% of firms using digital production systems.

by 卡塔尔世界杯常规比赛时间 research

the tax and accounting profession appears to have made a quantum leap with busy season 2015, by broadly embracing workflow automation to optimize production, control costs and speed delivery, according to data made available to 卡塔尔世界杯常规比赛时间.

the association for accounting administration, in a study led by 卡塔尔世界杯常规比赛时间 contributor roman kepczyk, author of quantum of paperless: the partners guide to accounting firm optimization, finds that in the general movement toward paperless, or at least less paper, firms are increasing their use of technology to save more trees than ever. the survey compared findings in 2013 with what firms expected to do in the 2015 busy season.

a big innovation for many firms has been the use of digital workflow tools to manage tax return progress. fifty-nine percent of firms reporting using a variety of products. specifically, by brand: read more →

making it matter to accountants

4 added values, plus questions you both should be asking.

by donny c. shimamoto, cpa.citp
intraprisetechknowlogies

back in the olden days of 2003, business philosopher nicholas carr published an earthshaking article in harvard business review under the title of “it doesn’t matter.” he said that it had essentially become a commodity, something that every organization had, something that had become so relatively inexpensive that all organizations were – with regard to it – equal.

related: it nerds need budget help | 8 ways to wrestle software subscriptions into submission | it hardware gets even more complex (great!) | how accounting geeks and techie nerds can play nicely together

read more →

tax season 2015 marks watershed in cpa firm digitalization

roman kepczyk , author of quantum of paperless at //www.g005e.com/shop/qop/
roman kepczyk , author of quantum of paperless

tax season 2015 may signal a landmark change in workflow automation.

by 卡塔尔世界杯常规比赛时间 research

this year’s busy season could mark a turning point in the tax and accounting industry’s techno-history, with mainstream firms flooding into digital processes like optical character recognition, pdf bookmarking, and collaboration tools.

results from this year’s paperless benchmarking survey, conducted for the association for accounting administration by 卡塔尔世界杯常规比赛时间 contributor roman kepczyk, author of quantum of paperless: the partners guide to accounting firm optimization, found a generally upward trend in the use of technology to avoid the carving of audit and tax prep data into stone or printing it out on paper. the survey compared responses in 2013 to foreseen usage in the busy season of 2015.

but which trends are trending the fastest? where are the rockets of digitalization?

read more →

tax and accounting industry hits new highs in headcount and wages

chart of bls employment data
tax, accounting and bookkeeping employment, through march 2015, with number of employees reported by the thousands.

the u.s. tax, accounting and bookkeeping industries remain among the bright spots in the nation’s economy, as professional and business services make up nearly a third of the last month’s job gains, according to 卡塔尔世界杯常规比赛时间 sources.

here 卡塔尔世界杯常规比赛时间 reports on:

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

read more →

quote with care when asked for valuation

ed mendlowitz cpa the practice doctor q and a12 issues that might not have been addressed.

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: i was asked to do a quote on a business valuation for a startup that will be raising money on their second stage financing. how do i quote this?

answer: this is a wide-reaching question and it is not possible to know initially what the client really needs. they could need a valuation, a business plan or a method of bringing in the investor.

here are some of the many issues and variables:
read more →

it hardware gets even more complex (great!)

donny c shimamoto, cpa citp intraprisetechknowlogies
shimamoto

some questions for both accountants and it.

by donny c. shimamoto
intraprisetechknowlogies

budget season is a good time for accountants and it wonks to get together for a heart-to-heart about hardware. computers and peripherals aren’t like the hardware of yore. they’re omnipresent in the organization. they have strings attached. they have special issues in obsolescence. sometimes it’s hard to draw a line between hardware and software.

related: how accounting geeks and techie nerds can play nicely together

here is a suggested a series of questions that accountants and it wonks should address as they make budget decisions. here are a few of the ones that relate to hardware: read more →

tax and accounting firms lengthen hiring spree

growth in most segments continues.

bureau of labor statistics for february 2015

the u.s. tax, accounting and bookkeeping industries are among the economy’s bright spots, according to 卡塔尔世界杯常规比赛时间 sources.

here 卡塔尔世界杯常规比赛时间 reports on:

  • current hiring trends in each of the bookkeeping, tax, payroll 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.

overall, the u.s. economy added 295,000 jobs in january, with 51,000 of those in professional and business services. the unemployment rate fell 0.2 percentage point to 5.5 percent. read more →

the roots of ‘radical’ cpas

young businessman thinking, software icons in thought cloudhow the ‘new firm’ was born.

by jody padar
the radical cpa

i started to use this newfangled payroll software that worked through the internet. back then they didn’t call it the cloud. it was just payroll software that used an internet browser. it solved my business problems of preparing paychecks, paying taxes and filing tax returns for my customers. the technology was paycycle, a cloud-based payroll software.

more radical cpa: the first 3 questions i should have asked before starting my own practice

paycycle (which has since been acquired by intuit) fundamentally changed my firm and my life. all of a sudden payroll became one of the most profitable areas of our firm. it also became a catalyst to selling and packaging our other core services.

it was the beginning of something bigger.

read more →

the first 3 questions i should have asked before starting my own practice

and the 3 questions you should be asking yourself today.

by jody padar
the radical cpa

i had just come off a really bad tax season.

this was about eight years ago now, and i knew there had to be a better way. i left a mid-sized firm, with seven partners and about 50 other employ­ees and i joined my dad’s firm — literally and figuratively. figu­ratively, because many of his technology and processes were “old school.” read more →