tax & accounting industry charts 4% annual growth rate

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one big exception in the million-person workforce: payroll agencies.

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by 卡塔尔世界杯常规比赛时间

want to work 4.2 percent longer but make 8.2 percent less? no? then you probably should avoid a payroll staff position, according to new 卡塔尔世界杯常规比赛时间 research.

women continue to make gains, even hitting double digits in one sector.

the tax and accounting industry’s latest gains mark the 41st month in a row of year-over-year employment expansion, the longest continuous growth streak since the 45-month period that ended october 2008 with the global banking collapse. before that, the longest uninterrupted expansion lasted 93 months, ending september 2001 with the attacks of 9/11.

magid
magid

among those firms expanding their rosters, they’re hiring at the five-person magid stroud accountancy corp., near san francisco.

magid stroud principal sandy magid tells 卡塔尔世界杯常规比赛时间 he’s “seeking qualified applicants, one a seasoned tax-oriented manager and the other a semi-senior.” magid will even kick in a “contribution to your favorite charity if you refer someone whom we hire.”

noeldner
noeldner

he adds, “we emphasize a team approach to all projects, provide a lot of life-work balance, and provide individually based continuing education.”

they’re hiring in grand rapids, mich. administrative assistant stephanie noeldner tells 卡塔尔世界杯常规比赛时间 that 15-person baker holtz is looking for new people. “i have a job that challenges me and i enjoy,” noeldner says. “i love the people i work with and i work for an amazing company that appreciates their employees.”

adams
adams

and they’re hiring in ridgeland, miss. at 30-person matthews cutrer & lindsay, audit manager shannon adams says, “i’ve been with my company since i graduated college. the top management at my company has been actively involved in helping me succeed in my goals and has given me the support i need. my firm appreciates its employees and values them and their families.”

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

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

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payroll workers still on a roller coaster

cpatrendlines jobs report tiltindustry employment rises, with women seeing huge gains.

what it takes to succeed in today’s profession:
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by 卡塔尔世界杯常规比赛时间

industry hiring is moving ever higher but wages aren’t keeping pace, according to new 卡塔尔世界杯常规比赛时间 research.

sole practitioner joshua giminez of fair winds tax and financial and columbus counted himself among those in a the latest 卡塔尔世界杯常规比赛时间 survey probably willing to consider a new job and keeping his eyes open. “opportunities to increase my income level abound,” he explained.

numbers are growing in nearly all sectors of the tax and accounting industry, with women in particular advancing 5.9 percent annualized and even higher in cpa firms and payroll.

yet, payroll remains volatile. workers are finding more opportunities, with 9.7 percent growth, but hourly pay for staff is off by 6.6 percent.
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women gain jobs, payroll up and down

cpatrendlines jobs report tiltoverall industry employment continues to rise.

who’s hiring; who’s firing.
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by 卡塔尔世界杯常规比赛时间

women are outpacing men as new hires in the tax and accounting industry today, according to new 卡塔尔世界杯常规比赛时间 research.

female headcounts are advancing at annualized rates of 5.5 percent in overall employment, 7.3 percent at cpa firms, and 10.6 percent in payroll services, according to 卡塔尔世界杯常规比赛时间 research.

at the same time, payroll is emerging as one of the most volatile sectors, with staff up 7.5 percent in the latest month, while wages dropped 8.8 percent year-on-year.

in metairie, la., a source at a three-partner partner firm reports they are looking for a cpa with the right “mix of technical skills and communication skills.”  “it’s very important to be able to communicate issues with both management and clients,” the source tells 卡塔尔世界杯常规比赛时间. at the same time, work at the firm has its challenges. “although we strive to give clients the best service possible, it is sometimes to the detriment of our work/life balance.”

at a 12-partner cpa firm with offices scattered across colorado, 卡塔尔世界杯常规比赛时间 hears from an insider that they are seeking to promote from within. “we are cultivating staff-level employees because we need middle managers and supervisors who already have some experience.”

in the rest of this report, 卡塔尔世界杯常规比赛时间 delves into:

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

why this help wanted ad is all wrong

ed mendlowitz cpa the practice doctor q and aconsider why the person is leaving.

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

question: please explain why you told me this ad was off base.classified ad for an accountant

more practice doctor q&a: everyone needs strategic planning | help clients, increase revenue: make sure everyone on staff knows your firm’s full menu of services | i made partner, now what? | 19 ways to stop wasting reviewer time | how to sell your practice | why gross is the method for pricing a practice | no go on pro bono | how to advise an executor | 14 ways to use timesheet data

answer: the ad was placed in a local newspaper by a small cpa firm looking to hire someone with two years of experience. this firm obviously does quality work since they do audits.

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fresh data spell new staffing issues at tax & accounting firms

卡塔尔世界杯常规比赛时间 jobs reporthiring and wages are up. utilization rates are down.

next question: the best talent retention strategies.
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most workers in the tax and accounting industry are working fewer hours than a year and a half ago, according to 卡塔尔世界杯常规比赛时间 sources, a potentially troubling sign of unsustainable hiring and management practices.

in addition, year-over-year increases of 5 percent or more were seen in

  • number of overall staff;
  • number of cpa firm employees, both total and staff;
  • payroll staff;
  • and women overall, at cpa firms and in payroll

the really bad news comes in payroll agencies, where positions are at their second highest level ever, but wages are plummeting.

with the new data, the monthly 卡塔尔世界杯常规比赛时间 jobs report projects a new surge in turnover with the end of busy season. there will be winners. and there will be losers. savvy, growing firms will be well-positioned to attract the under-leveraged talent that slow-footed firms can’t handle or afford. top talent will be making lateral moves, as much for more supportive cultures and future opportunities as for a quick pay increase, according to the 卡塔尔世界杯常规比赛时间 analysis.

in this report, 卡塔尔世界杯常规比赛时间 provides additional detail and analysis on:

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

read more →

strong industry growth fuels wage and retention issues for firms

cpatrendlines jobs report tilt
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as growth breeds competition, job-seekers gain the upper hand.

what drives staff turnover?
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by 卡塔尔世界杯常规比赛时间

the nation’s tax and accounting firms are enjoying one of their most prolonged periods of growth since 卡塔尔世界杯常规比赛时间 started keeping track with the careers and hiring outlook survey 15 years ago, but pressures are building in staff retention and compensation.

this month’s 卡塔尔世界杯常规比赛时间 jobs report covers:

  • 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 →

accounting industry expands at 5% annual rate

cpatrendlines jobs report tiltpayroll agency hiring surges. wage growth slows at cpa firms.

who’s hiring? who’s not?
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by 卡塔尔世界杯常规比赛时间

the u.s. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, growing at about 5 percent a year, with payroll agencies now turning in the strongest performance.

wage growth, on the other hand, is showing signs of slowing down.

this month’s 卡塔尔世界杯常规比赛时间 jobs report covers:

  • 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 →

record pre-season hiring surge: ready for biggest tax season ever?

cpatrendlines jobs report tilt
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new jobs pace sets stage for record-high revenues – or disastrous disappointment.

who’s leading the charge?
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by 卡塔尔世界杯常规比赛时间 research

tax and accounting industry growth is on a tear with no signs of slowing down, according to 卡塔尔世界杯常规比赛时间 sources.

in most segments, people are working less and earning more, with payroll a notable exception.

and new data show the industry gearing up for a huge tax season, with tax prep employment leaping 22.5 percent over the same period last year.

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 & accounting employment hits new highs

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by 卡塔尔世界杯常规比赛时间

the number of employees in the accounting industry keeps climbing and toppling old records. the latest data from 卡塔尔世界杯常规比赛时间 shows more than 40% of firms are hiring.

the 卡塔尔世界杯常规比赛时间 careers and hiring outlook

today’s bonus question: what’s the most important trait or skill needed to succeed in the accounting business?

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in this report, 卡塔尔世界杯常规比赛时间 covers:

  • current hiring trends in each of the cpa, tax, payroll and bookkeeping 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.
  • including 25 charts and graphs

read more →

new survey: cpa firm growth rates hit a wall

organic growth drops under 5% while mergers surge to 30% of new revenue per firm.

rosenberg map 2005 to 2014 growth rates
growth rates level off for cpa firms to 6.7% (rosenberg map survey, firms over $2 million/year)

by 卡塔尔世界杯常规比赛时间
annual map survey

the new 2015-2016 annual map survey presents news both good and bad—and more of the latter than the former.

  • the good news: cpa firms revenues and profits increased last year.
  • the bad news: the increase in revenues was less than in the previous year, a lot of it was only due to mergers, and growth was lowest for the smallest firms. and the increase in income per equity partner was especially sluggish.

most worrisome was the finding that organic growth— which is to say real growth not generated artificially by mergers—was actually a bit lower than in 2013, dropping from 5.2 percent to 4.7 percent, according to the new rosenberg map survey, available exclusively from 卡塔尔世界杯常规比赛时间.

more on the  2016 outlook & forecast: cpa firm growth rates hit a wall  |  the five treacherous factors hobbling today’s cpa firm  |  sam allred: change agents needed  |  tamera loerzl on growth, succession plans critical for firms  |  allan koltin on talent wars go from white gloves to boxing gloves  |  get the full report: the rosenberg map survey

is this really the end of the golden age for the profession?

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industry employment surge shows no signs of slowing

chart showing number of employees in the accounting industry according to bureau of labor statistics
all employees in the accounting and bookkeeping industry; numbers reported in thousands

record highs seen in overall employment, staff wages, cpa firm employment and staff, and more.

by 卡塔尔世界杯常规比赛时间 research

the u.s. tax, accounting and bookkeeping industries show no signs of slowing down, 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 →

new record: u.s. accounting industry tops 1 million workers

wages rise 6%. double-digit expansion in payroll agencies.

by 卡塔尔世界杯常规比赛时间 research

the number of people employed in the accounting industry has topped 1 million for the first time ever.

sounds great, doesn’t it? there are a million of us. savor that for a moment.

top talent strategies
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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 →

u.s. accounting pay beats london, but not asia

new global study shows 43 percent of accountants are ready to jump ship. here’s why.

fb69989b-3259-42a1-a007-a90bfd42b715

by 卡塔尔世界杯常规比赛时间 research

source: icas, via 卡塔尔世界杯常规比赛时间 research

the war for top talent in the u.s. accountancy profession is spreading worldwide, fueled by growth and increased confidence, according to a new global study obtained by 卡塔尔世界杯常规比赛时间.

some 43 percent of accountants at multinational firms say they’ll probably leave their jobs within the next year or two, seeking more pay, better opportunities or both. the figures closely follow those found by 卡塔尔世界杯常规比赛时间 in u.s.-focused studies (cpa firms paying top dollar for talent in nationwide hiring binge).

get the instant download of the full-size infographic:

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