{"id":126293,"date":"2024-06-13t10:09:15","date_gmt":"2024-06-13t14:09:15","guid":{"rendered":"\/\/www.g005e.com\/?p=126293"},"modified":"2024-08-29t23:53:04","modified_gmt":"2024-08-30t03:53:04","slug":"staffing-tops-list-of-woes-at-cpa-firms","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/06\/13\/staffing-tops-list-of-woes-at-cpa-firms\/","title":{"rendered":"staffing tops list of woes at cpa firms"},"content":{"rendered":"
the irs comes in second, says the aicpa pcps.<\/strong><\/p>\n via aicpa<\/em><\/p>\n finding qualified staff is the top issue for all categories of accounting firms except sole practitioners, according to a biennial survey by the american institute of cpas\u2019 firm practice management section.<\/p>\n a second leading issue \u2013 for all but the largest firms (21 professionals or more) \u2013 is challenges working with the internal revenue service, the private companies practice section (pcps) cpa firm top issues survey found. that concern was the top response among firms the last time the survey was conducted in 2022, a period when the irs was buried under backlogs due to the pandemic.<\/p>\n talent issues stretch beyond staff recruitment, the survey found. the two largest firm categories (11-20 professionals and 21 or more professionals) listed \u201cretaining qualified staff\u201d as their no. 2 issue. small to midsize firms listed \u201cdeveloping the next generation of firm leaders\u201d as a top five concern or higher. firms with six to 10 professionals also recognized the aging of owners and partners as a top five concern, which also reflects the need for firms to focus on leadership development.<\/p>\n the survey results are segmented by firm size since the perspectives of a small-firm cpa are often substantially different from those of a practitioner employed by a large firm. despite that, the firm segment lists often reveal trends across categories. survey respondents are asked to rank the impact of a host of issues on a 1-5 scale, with one being \u201cminimal\u201d and five being \u201cextreme.\u201d<\/p>\n among other findings of the survey:<\/strong><\/p>\n beyond current concerns, survey respondents were asked to rank issues expected to have the greatest impact on firm practice operations over the next five years. staffing, contending with emerging technologies, and changes in the regulatory environment were the most common issues across categories.<\/p>\n \u201cthe interplay between talent and technology is interesting since we know that using technology effectively can have a significant impact on a firm\u2019s ability to leverage staff to provide higher value services to clients,\u201d says lisa simpson, cpa, vice president of the firm services for aicpa & cima. \u201cas firms look to recruit, retain and develop staff, being a technology-forward firm is attractive to professionals who are looking for innovation in how work gets done.\u201d<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"\n