economic trends
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the new fundamentals
accountants see economy improving… but mainly for themselves
not so much for their clients. and they’re negative on the u.s.
by rick telberg
卡塔尔世界杯常规比赛时间
if anyone has their finger on the pulse of the american economy, it’s america’s cpas. they’re out there in the trenches of economic activity. they know what’s happening in their nook of the nation. they feel the optimism or pessimism of their clients, the people who make the economy work.
more on tax season for pro members: tax season 2016: turning i.d. theft from a problem into an opportunity | accountants speak out on politics and the economy | lessons learned from a bad busy season | 3 ways to save time during busy season | most tax professionals call 2016 busy season much improved over last year | stress less this tax season | is tax season the new fraud season? | 5 tax season motivation tips | recognize your tax season resources | tax season 2016: irs in crisis | eliminate tax season excuses | record pre-season hiring surge: ready for biggest tax season ever? | 16 qualities of a good tax season client
and tax season is when cpas and tax preparers receive an influx of information on how their clients are doing. some of that information pops up in the 卡塔尔世界杯常规比赛时间 2016 busy season survey. and the news is good… well, pretty good. well, mostly. read more →
tax & accounting firms wrestle fewer price increases from clients
following a short-lived surge in rate hikes, clients push back and competitors swoop in.
by 卡塔尔世界杯常规比赛时间
after hitting record billing rates in february, the nation’s tax and accounting firms are facing new resistance to price increases, in which the industry seems to be taking one step back for every two steps forward, according to a new 卡塔尔世界杯常规比赛时间 analysis.
the renewed pricing pressure suggests toughened competition in the marketplace and an overall softness in the economy as firms try to push up prices but have difficulty making them stick.
the latest data parsed by 卡塔尔世界杯常规比赛时间 research shows billing rates off by half of 1 percent, the seventh such decline in the last 12 months, leaving rates essentially unchanged in the last year.
the problems in raising and holding prices come after a strong surge last year in which fees rose 3 percent from march to october, according to 卡塔尔世界杯常规比赛时间 research.
soloists lag multi-owner firms in economic confidence
multi-partner firms show bullish signs. soloists turn bearish on the u.s. economy.
卡塔尔世界杯常规比赛时间 research
cpas aren’t economists, but they do know numbers, and they have their fingers on the pulse of the flow of money in their local areas. they know how their own businesses and their clients’ businesses are doing, and they have at least an inkling of the causes. remembering 2014 and living through the 2015 busy season, they are well placed to prognosticate on financial flows over the next 12 months.
卡塔尔世界杯常规比赛时间 survey research detects a certain optimism, but it seems to be a bit more cautious among solo practitioners. read more →
tax leads accounting industry in price hikes
accounting industry shows healthier pricing power than most other industries — and its own clients.
next question: which pricing strategies are best for today’s market? join the survey; get the answers.
by rick telberg
卡塔尔世界杯常规比赛时间 research
following hefty hikes in billing rates during tax season, the tax, accounting and bookkeeping industry is pushing through price increases three times faster than the rest of the nation’s economy, according to a new 卡塔尔世界杯常规比赛时间 study.
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while most other industries — and, by implication, most of the profession’s clients — are barely managing to maintain price levels, the accounting industry is forging ahead aggressively. the industry’s powerful position in pricing suggests huge demand for the complex services that only accountants can provide. and many practitioners appear to be taking every opportunity possible. to be sure, costs are rising as well, with talent, technology and retirements putting pressure on many firms.
in this report, 卡塔尔世界杯常规比赛时间 analyzes pricing trends and billing rates for:
- cpa firm services in general,
- auditing and assurance services in particular,
- tax preparation and planning, and
- bookkeeping and compilations
accountants see solid business gains in 2015
卡塔尔世界杯常规比赛时间 strategy shift report: accounting firms around the world reap benefits of easing oil prices, government stimulus and innovation.
by rick telberg
卡塔尔世界杯常规比赛时间
tax and accounting practitioners are heading into a new year and a new busy season markedly more confident and optimistic than they’ve been in years, according to the 10th annual 卡塔尔世界杯常规比赛时间 strategy shift report.
professionals from milwaukee to tucson and karachi to kampala are telling 卡塔尔世界杯常规比赛时间 of brightening business forecasts for their firms in 2015.
top trends in emerging business strategies
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fully 71 percent of professionals say they are more than somewhat confident in the business and economic outlook for their firms, with a record 30 percent telling 卡塔尔世界杯常规比赛时间 they are “highly confident” for the prospects of their business.
to be sure, they are less certain about the prospects for their client base or the nation as a whole than they are for themselves, their families and their firms. read more →
tax and accounting industry on hiring binge
profession adds 1,400 new jobs in latest month.
next question: who’s hiring; who’s not. join the survey; get the answers.
by 卡塔尔世界杯常规比赛时间
with practitioners across the country reporting strong demand for new hires, the nation’s tax, accounting and bookkeeping industries added 1,400 new jobs last month, with some sectors marking new highs for 2014 and approaching the pre-crash peak six years ago.
jennifer dizon, an audit and advisory partner at hood & strong’s san jose, calif., office, tells 卡塔尔世界杯常规比赛时间 her firm is looking to hire.
“we need more staff to service business growth,” says dizon, who is also the newly elected state chapter president of the national association of women business owners.
in elkhart, kan., enrolled agent terri ryman at southwest tax & accounting says the office is “getting busier.” she “can’t keep up.”
in northridge, calif., gene wechsler at wechsler accountancy reports a similar trend. “the firm continues to grow at the rate of 1 to 2 new clients per week.”
needs vary though. “we need an additional tax preparer and accountant for small business monthly work,” says one of the owners of a seven-person firm in prescott, ariz., which is “currently advertising for an accountant/tax preparer.”
in bellevue, wash., managing partner marc hutchinson at the six-cpa bashey, hutchinson, & walter reports, “we need experienced accountants, and ones that can take over the firm’s clients over the next 10 years.”
in this study, 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 firm segments of the industry.
- average hourly wages for key segments.
- typical hours worked per week.
- and trends concerning women in the accounting workforce.
the 卡塔尔世界杯常规比赛时间 careers and hiring outlook
join the survey; get the results.
new data: strong, steady hiring at tax, accounting firms
the u.s. tax, accounting and bookkeeping industry remains a bright spot in the nation’s economy, 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 142,000 jobs last month, 47,000 of them in professional and business services. meanwhile, the unemployment rate was little changed at 6.1 percent.
卡塔尔世界杯常规比赛时间 careers and hiring outlook
job satisfaction and retention benchmarks
accounting sector tops 5% annual growth rate
firms now recovered about 9 in 10 jobs lost in financial collapse.
by 卡塔尔世界杯常规比赛时间
the u.s. tax, accounting and bookkeeping industries have recovered nearly 89 percent of the jobs lost in the economic crisis, according to 卡塔尔世界杯常规比赛时间 sources.
卡塔尔世界杯常规比赛时间 careers and hiring outlook
job satisfaction and retention benchmarks
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.
the u.s. economy as a whole added 209,000 jobs in july. in addition to the growth of 47,000 jobs in professional and business services, increases were seen in the manufacturing, retail trade and construction sectors. the unemployment rate remained stable at 6.2 percent, down from 7.3 percent a year earlier. read more →
new surge in wages, hours, hiring
the u.s. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, 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. read more →
tax and accounting firms’ net profit margins expand to 21.2% [pro member exclusive]
now second only to oil drilling as nation’s most profitable industry.
a new analysis of financial statements shows tax and accounting businesses are improving their net profit margins despite an otherwise harsh economy, according to new data obtained by 卡塔尔世界杯常规比赛时间. read more →