{"id":72378,"date":"2020-05-02t00:01:29","date_gmt":"2020-05-02t04:01:29","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=72378"},"modified":"2024-08-14t11:26:26","modified_gmt":"2024-08-14t15:26:26","slug":"planning-for-the-coronavirus-recession","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/","title":{"rendered":"planning for the coronavirus recession"},"content":{"rendered":"<p><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-62457 alignright\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo-424x316.jpg\" alt=\"\" width=\"424\" height=\"316\" \/><\/a><strong>if past recessions are any guide, the profession could lose up to 100,000 jobs.<br \/>\n<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #0056a6;\">busy season barometer:<br \/>\nbracing for the coronavirus recession<\/span><br \/>\n<\/strong><span style=\"text-decoration: underline; color: #00a160;\"><a class=\"external\" style=\"color: #00a160; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy20econ\" target=\"_blank\" rel=\"noopener noreferrer\">join the survey. get the facts.<\/a><\/span><\/p>\n<p><i>by beth bellor<\/i><\/p>\n<p>the tax and accounting profession was adding new jobs at a rate of 2.3 percent per year before the coronavirus outbreak, according to 卡塔尔世界杯常规比赛时间 research.<\/p>\n<blockquote><p><strong>see:\u00a0<\/strong><span style=\"color: #00a160;\"><a style=\"color: #00a160; text-decoration: underline;\" href=\"\/\/www.g005e.com\/tag\/coronavirus\/\">all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage<\/a><\/span><\/p>\n<p><strong>more staffing and hiring trends:<\/strong> <a href=\"\/\/www.g005e.com\/2020\/03\/15\/automation-and-the-future-of-accounting-2\/\">automation and the future of accounting<\/a>\u00a0 |\u00a0 <a href=\"\/\/www.g005e.com\/2020\/03\/14\/getting-and-keeping-the-best-the-struggle-continues\/\">getting and keeping the best: the struggle continues<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2020\/02\/21\/headcounts-dip-by-3500-in-tax-accounting\/\">headcounts dip by 3,500 in tax &amp; accounting<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2020\/01\/26\/creative-perks-for-remote-employees\/\">creative perks for remote employees<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2019\/10\/22\/study-staff-shortages-at-one-third-of-firms\/\">what staffing shortage?<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2019\/07\/18\/hiring-trends-flash-warning-signs-of-slowdown-in-tax-accounting\/\">hiring trends flash warning signs of slowdown in tax &amp; accounting<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/23\/salary-survey-top-skills-getting-top-pay\/\">salary survey: top skills getting top pay<\/a><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>but with a new recession looming, 卡塔尔世界杯常规比赛时间 estimates the profession could lose up to 100,000 jobs and take up to seven years to recover.<\/p>\n<p>the latest data available show more than a million employees in the profession, and growing at about 2,800 new jobs per month. at the same time, wages are hitting record highs.<\/p>\n<p>but with the coronavirus crisis threatening a new recession, 卡塔尔世界杯常规比赛时间 conducted a long-term, 30-year analysis, focused on the job losses caused by the dot-com crash of 2001 and the financial meltdown of 2007. from the analysis, 卡塔尔世界杯常规比赛时间 calculates the profession could shed up to 10 percent of its current workforce, and not fully recover for two to seven years.<\/p>\n<figure id=\"attachment_72515\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 849px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-72515\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-849x406.png\" alt=\"all employees, thousands, accounting and bookkeeping services, seasonally adjusted\" width=\"849\" height=\"406\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-849x406.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-600x287.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-424x203.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-768x368.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm.png 1481w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>showing dips after the dot-com bubble in 2001 and financial crash in 2008: <\/strong>all tax, accounting, and bookkeeping services, all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>in this report, 卡塔尔世界杯常规比赛时间 highlights:<\/p>\n<ul>\n<li>current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)<\/li>\n<li>average hourly wages for key segments<\/li>\n<li>typical hours worked per week<\/li>\n<li>trends concerning women in the accounting workforce<\/li>\n<\/ul>\n<p> <a href=\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/#more-72378\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2020%2f05%2f02%2fplanning-for-the-coronavirus-recession%2f&amp;t=planning+for+the+coronavirus+recession'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2020%2f05%2f02%2fplanning-for-the-coronavirus-recession%2f&amp;title=planning+for+the+coronavirus+recession&amp;summary=if+past+recessions+are+any+guide%2c+the+profession+could+lose+up+to+100%2c000+jobs.%0d%0a%0d%0abusy+season+barometer%3a%0d%0abracing+for+the+coronavirus+recession%0d%0ajoin+the+survey.+get+the+facts.%0d%0aby+beth+bellor%0d%0a%0d%0athe+tax+and+accounting+profession+was+adding+new+jobs+at+a+rate+of+2.3+percent+per+year+before+the+coronavirus+outbreak%2c+ac'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2020%2f05%2f02%2fplanning-for-the-coronavirus-recession%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20planning%20for%20the%20coronavirus%20recession&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\" title=\"email this: planning for the coronavirus recession \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-62457 alignright\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/06\/cpa-trendlines-jobs-report-logo-424x316.jpg\" alt=\"\" width=\"424\" height=\"316\" \/><\/a><strong>if past recessions are any guide, the profession could lose up to 100,000 jobs.<br \/>\n<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #0056a6;\">busy season barometer:<br \/>\nbracing for the coronavirus recession<\/span><br \/>\n<\/strong><span style=\"text-decoration: underline; color: #00a160;\"><a class=\"external\" style=\"color: #00a160; text-decoration: underline;\" href=\"https:\/\/www.research.net\/r\/busy20econ\" target=\"_blank\" rel=\"noopener noreferrer\">join the survey. get the facts.<\/a><\/span><\/p>\n<p><i>by beth bellor<\/i><\/p>\n<p>the tax and accounting profession was adding new jobs at a rate of 2.3 percent per year before the coronavirus outbreak, according to 卡塔尔世界杯常规比赛时间 research.<\/p>\n<blockquote>\n<p><strong>see:\u00a0<\/strong><span style=\"color: #00a160;\"><a style=\"color: #00a160; text-decoration: underline;\" href=\"\/\/www.g005e.com\/tag\/coronavirus\/\">all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage<\/a><\/span><\/p>\n<p><strong>more staffing and hiring trends:<\/strong> <a href=\"\/\/www.g005e.com\/2020\/03\/15\/automation-and-the-future-of-accounting-2\/\">automation and the future of accounting<\/a>\u00a0 |\u00a0 <a href=\"\/\/www.g005e.com\/2020\/03\/14\/getting-and-keeping-the-best-the-struggle-continues\/\">getting and keeping the best: the struggle continues<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2020\/02\/21\/headcounts-dip-by-3500-in-tax-accounting\/\">headcounts dip by 3,500 in tax &amp; accounting<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2020\/01\/26\/creative-perks-for-remote-employees\/\">creative perks for remote employees<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2019\/10\/22\/study-staff-shortages-at-one-third-of-firms\/\">what staffing shortage?<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2019\/07\/18\/hiring-trends-flash-warning-signs-of-slowdown-in-tax-accounting\/\">hiring trends flash warning signs of slowdown in tax &amp; accounting<\/a> |\u00a0\u00a0<a href=\"\/\/www.g005e.com\/2018\/10\/23\/salary-survey-top-skills-getting-top-pay\/\">salary survey: top skills getting top pay<\/a><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/span><\/p>\n<\/blockquote>\n<p>but with a new recession looming, 卡塔尔世界杯常规比赛时间 estimates the profession could lose up to 100,000 jobs and take up to seven years to recover.<\/p>\n<p>the latest data available show more than a million employees in the profession, and growing at about 2,800 new jobs per month. at the same time, wages are hitting record highs.<\/p>\n<p>but with the coronavirus crisis threatening a new recession, 卡塔尔世界杯常规比赛时间 conducted a long-term, 30-year analysis, focused on the job losses caused by the dot-com crash of 2001 and the financial meltdown of 2007. from the analysis, 卡塔尔世界杯常规比赛时间 calculates the profession could shed up to 10 percent of its current workforce, and not fully recover for two to seven years.<\/p>\n<figure id=\"attachment_72515\" class=\"thumbnail wp-caption aligncenter\" style=\"width: 849px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-72515\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-849x406.png\" alt=\"all employees, thousands, accounting and bookkeeping services, seasonally adjusted\" width=\"849\" height=\"406\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-849x406.png 849w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-600x287.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-424x203.png 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm-768x368.png 768w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2020\/03\/screen-shot-2020-03-16-at-1.52.48-pm.png 1481w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><figcaption class=\"caption wp-caption-text\">^ <strong>showing dips after the dot-com bubble in 2001 and financial crash in 2008: <\/strong>all tax, accounting, and bookkeeping services, all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)<\/figcaption><\/figure>\n<p>in this report, 卡塔尔世界杯常规比赛时间 highlights:<\/p>\n<ul>\n<li>current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)<\/li>\n<li>average hourly wages for key segments<\/li>\n<li>typical hours worked per week<\/li>\n<li>trends concerning women in the accounting workforce<\/li>\n<\/ul>\n<p> <a href=\"\/\/www.g005e.com\/2020\/05\/02\/planning-for-the-coronavirus-recession\/#more-72378\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2020%2f05%2f02%2fplanning-for-the-coronavirus-recession%2f&amp;t=planning+for+the+coronavirus+recession'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  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href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2020%2f05%2f02%2fplanning-for-the-coronavirus-recession%2f&amp;title=planning+for+the+coronavirus+recession&amp;summary=if+past+recessions+are+any+guide%2c+the+profession+could+lose+up+to+100%2c000+jobs.%0d%0a%0d%0abusy+season+barometer%3a%0d%0abracing+for+the+coronavirus+recession%0d%0ajoin+the+survey.+get+the+facts.%0d%0aby+beth+bellor%0d%0a%0d%0athe+tax+and+accounting+profession+was+adding+new+jobs+at+a+rate+of+2.3+percent+per+year+before+the+coronavirus+outbreak%2c+ac'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li 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