survey: staffers dismayed about job prospects and the economy.
the accounting and finance employee confidence index, a measure of overall confidence among u.s. accounting and finance workers, slips 2.1 points to 50.0 in the second quarter of 2011, according to the mergis group, a professional placement agency.
three key trends: read more →
signs of resignation among sellers.
in what may come as mixed news for tax and accounting professionals, the pace of small businesses sold accelerated 8 percent in the second quarter of 2011, but it may be because owners are accepting that their businesses aren’t as valuable as they used to be.
dipping a toe into charged political waters…
uhy, the top 100 cpa firm, says their own research shows the united states has one of the lowest tax burdens for both high and low earners among the g8 countries.
accounting and bookkeeping sector adds 17,800 jobs in may.
in the biggest single-month gain since the recession, the accounting industry added almost 18,000 new jobs in may, bringing the total headcount to 926,300, a 29-month high. in fact, accounting was one of the few bright spots in an otherwise disappointing jobs report.
hiring plans rebound. heavy demand for post-grads.
via aicpa
newly minted accountants have some of the brightest job prospects in the nation, with nearly 90 percent of accounting firms forecasting the same or increased hiring of graduates this year compared with 2010, and nearly three quarters, 71 percent, of the largest firms anticipating more hiring – an indicator of a rebounding economy.
expansion through the downturn.
industry research firm ibisworld identifies the top 10 fastest growing industries from 2000 to 2016.
“after compiling the list of fastest growing industries, there were some apparent trends,” explained ibisworld senior analyst casey thormahlen. “each industry on the list experienced growth as a result of one or more of four drivers: internet growth, environmental issues, cost cutting and evolving technology.”
1. internet growth
it is no surprise that voice over internet protocol (voip), e-commerce and online auctions, and internet publishing and broadcasting top the list. each is being supported by the increasing popularity of the internet for communication and business transactions. read more →
how big is a small firm? aicpa says $25 million.
new market intelligence has surfaced as the result of a small row between the aicpa and the u.s. small business administration, suggesting the idea of a mid-sized firm may be a wishful notion. according to aicpa calculations, big four firms control about half the revenue and half the jobs, and most of the rest of the industry should be classified as small business.
no economic slowdown has been as bad for jobs as this one. the big red line is the current employment recession. nothing in the last 63 years has been as painful or as prolonged for american workers. the good news? … continued
shaking off the recession with a good busy season.
apparently driven by an improved busy season, cpa firms added 4,800 jobs in march, the latest month available, bringing the total workforce to 423,100. the figures are not seasonally adjusted.
total industry workforce rises to 904,400 people.
april’s gain follows big jump (seasonally-adjusted) in february, with 21,500 new accountant and bookkeeper jobs, according to the u.s. bureau of labor statistics.
as busy season ebbs into memory and accounting firms start looking toward the future, top managers will be confronting a host of difficult issues.
by rick telberg
many of the most pressing issues are close to home — winning a few more big clients, nurturing succession, finding adequate capital to reinvest in the business. some other issues, however, may seem more abstract. they are, to be sure, no less real.
a host of global trends are conspiring to make this year’s retreat season just that much more complicated for accounting firm leaders.
here are 10 top global trends that are rushing headlong toward the american accounting firm industry: read more →
although workers gain confidence in the economy, more see job opportunities narrowing.
job confidence among u.s. accounting and finance workers dropped 4.0 points to 52.1 in the first quarter of 2011, according to mergis group, the sfn-owned placement agency.
more highlights: read more →
from visualizing economics, we see this spectacular depiction of the top marginal tax rates in the u.s., from 1916-2010, for personal income, corporate, and capital gains tax rates:
