survey report: busy season 2014 outlook

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executive summary

by rick telberg
cpa trendlines

most tax practitioners across the nation are preparing for the 2014 busy season with the hoping it can’t possibly be as bad as last year’s “worst tax season ever,” according to exclusive 卡塔尔世界杯常规比赛时间 polling.

about 61% of accountants today expect at least a “somewhat” or even “much” better season this year, according to the 卡塔尔世界杯常规比赛时间 busy season barometer, a tracking poll now approaching its 11th year. some 26% expect no change from last year, and 13% are bracing for “somewhat worse” or “much worse.”

in the 卡塔尔世界杯常规比赛时间 special report, responses and comments from more than 400 practitioners surveyed have been tabulated and analyzed. key findings:

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  • economic outlook for firms, clients, owners, and the nation in general.
  • practitioners’ forecasts for the upcoming season, compared with the forecasts from the same time a year ago and with 2013 actuals.
  • factors contributing to positive outlooks and factors contributing to negative outlooks.
  • top 10 challenges and concerns to prepare for and examples of how some practitioners are doing so
  • projections for key busy season metrics, including revenue, profit, client counts, extensions, revenue per client, and profit per client; compared with 2013 actuals and year-ago forecasts
  • the four key strategies shared by most practitioners with positive outlooks
  • the four important lessons learned from last year’s “worst tax season ever.”
  • verbatim comments from hundreds of practitioners.

more

read more →

5 tips to managing and motivating virtual team members

by sandi smith leyva, cpa
accountant’s accelerator

it’s not uncommon for even the smallest of businesses to have employees and contractors all over the world.  right now, i have an employee in the ukraine, two employees in san jose, a virtual admin in orange county, a warehouse team in indiana, a transcriptionist in las vegas, partners in new york, chicago, missouri and atlanta, and a coach in sydney, australia.

in the last few months, i‘ve moved from san jose, calif., to plano, texas, while my team stays put.   and it won’t hurt my business one tiny bit. here are five tips to help your virtual team play at their best. read more →

accounting firms launch new war for talent

firms are hiring, and many staffers are thinking about a job change.
get more details, join the survey.

by rick telberg
卡塔尔世界杯常规比赛时间

now five years since the banking crash that forced record layoffs at tax and accounting firms, new survey results from 卡塔尔世界杯常规比赛时间 research show intensifying competition for talent, with more than 42% of accountants reporting that their firms are hiring and about half of all staffers ready to make a move.

chris hatcher
chris hatcher

“there’s a labor shortage out there,” according to chris hatcher, a partner at louisville, ky., baldwin cpas. “finding good talent is hard.” hatcher says baldwin cpas is looking for professionals with ambition, which he defines as an “owners  mentality.”

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

– reports the percentage of firms hiring, cutting or holding steady on headcount in the next six to 12 months;
– gathers comment from a representative sample of professionals on key economic and business trends; and
– analyzes latent discontent in the ranks of staffers,
– propensity to seek a job change, and
– overall confidence in the job market. read more →

six great online places to find talent

by sandi smith leyva, cpa
accountant’s accelerator

when you need to expand your team, the good news is there are many options available today:

  • full time vs. part-time
  • your location or theirs
  • contract or employee
  • permanent or temporary
  • project-specific or recurring
  • and many more options

thousands of people are looking for work, and thousands more are looking for small tasks that they can do on the side.  to find the perfect person for you, here’s a list of sites that help match you to the perfect person for your task, project or job. read more →

cpas salute the people who shaped their lives

today’s best career advice: join the survey; get the answers.

by rick telberg

at 20 years old, the world was a blank canvas with vast opportunities for sal inserra. he thought he knew exactly what he wanted in life.

“until,” he once told me, “i was set straight.”

like many cpas, sal owes much of his career and success to a few key mentors who guided him early on.

today — as the kids head back to school and college, and as the rest of us wind up our summers and look ahead to the fall — it may be a good time to salute the mentors who help steward a great profession to the next generation. read more →

18 pieces of today’s best job advice

get certified. apply early and often.  join the survey; get the results.

by rick telberg

i’m looking over the early responses to our new cpa careers survey and one stands out for its practicality and wisdom. this from a veteran senior finance manager at a fortune 1000 company is, i think, 18 pieces of the best advice i’ve ever heard.

1. for the accountant who is not a cpa yet: if you’re not  a cpa already, make it a goal.

2. if you need hours, apply to every accounting firm that you could drive to or are willing to move close to.

3. apply beginning in mid-april, after busy season, when accounting firms clean house. read more →

crowdsourcing for accounting practices

going beyond outsourcing and virtual workers.

by sandi smith, cpa
accountant’s accelerator

the days are long gone when the only way to build your business was by hiring full-time employees. now there are so many more choices. many employees are interested in part-time work. some prefer to work virtually, which frees a company up from being limited to local talent. and then there’s crowdsourcing, a whole new way to tap into talented labor on a project-by-project basis.

crowdsourcing is a special way to outsource a task. with outsourcing, you know exactly who will be doing the task. with crowdsourcing, you don’t; people just show up and contribute. wikipedia calls it “distributed problem-solving.” read more →

accounting industry extends two-year growth trend

but cpas lag behind non-cpas.

get the accountants’ business outlook: join the survey; see the results.

by rick telberg
卡塔尔世界杯常规比赛时间

screen shot 2013-08-06 at 7.34.21 pmthe tax and accounting industry is extending a two-year expansion by adding 2,500 new jobs in the latest month, according to 卡塔尔世界杯常规比赛时间 research.

in this report:

  • employment trends for the public accounting, bookkeeping, tax and payroll sector of the economy.
  • licensed cpa firms are lagging in growth behind non-cpa accounting providers.
  • employees book more hours.
  • but wage growth gets cut back.
  • more jobs and better pay for higher-paid positions and for men; fewer new jobs and smaller pay increases for women and production workers.
  • cpa firms add to headcounts more slowly than non-cpa firms, grant lower pay increases, and hire back fewer women.

read more →

hire experienced people, or train them yourself?

how to invest your mentoring time where it matters most.

question: we were looking for an additional experienced person since september and hired someone with five years experience in mid-november, but she said she couldn’t start until january.  she said she had work she had to finish up.  two days before christmas she called to tell me her firm made her a “better” offer and she decided to stay there. it meant we had to enter busy season short a person.  this seems to happen a lot.  what do you suggest? read more →