accounting jobs recovery slows

cpa firms and tax prep still down somewhat.

by beth bellor

unemployment edged down to 6.7 percent in november, but the accounting profession saw few of those gains, with its only upticks coming in the payroll services sector.

more on jobs: tax & accounting firms rehire two-thirds of pre-covid workforce | new job cuts at cpa firms | covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

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

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

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new job cuts at cpa firms and no recovery in sight

payroll remains the hardest-hit sector.

by beth bellor

after shedding 77,800 jobs in april, tax and accounting employers have added back 45,300 employees, but the total headcount has dipped again and remains down by 32,300 from the pre-covid level, according to the latest data reviewed by 卡塔尔世界杯常规比赛时间.

more on jobs: covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | planning for the coronavirus recession
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

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

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

software saves the 2020 tax season

survey says tax practitioners have never been so satisfied with their tax prep applications.

by 卡塔尔世界杯常规比赛时间

what’s the best word to describe the infamous 2020 tax season?

brutal? infectious? interesting? perpetual? weird?

one word works for everybody: unprecedented. a pandemic. a lockdown. new legislation. new rules. federal programs. federal disasters. bankruptcies.

it seems the only thing that’s gone right is software.

the bottom line: tax practitioners have never been more satisfied with their tax apps.

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opportunities in common and uncommon services

bar chartwhat do your clients want that your competition doesn’t offer?

by 卡塔尔世界杯常规比赛时间

virtually every cpa firm faces two common challenges:

  • get the work done.
  • find more work.

more: three hidden surprises in ppp loan forgiveness | cloudy forecasts call for rainmaking  |the forecast: partly gloomy, chance of doom  |  busy season benchmarks in free fall  | say hello to the new 24-month busy season | maybe the pandemic isn’t all badcovid drives new m&a trends  |  re-thinking today’s firm with five global leaders|  clients want to pay you more (really!)

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

or, to put it another way:

  • satisfy clients.
  • find more clients.

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cloudy forecasts call for rainmaking

have you assessed your clients’ needs, or just provided what they asked for?

the average monthly price paid for accounting services: clients who do not receive advisory services pay their firms an average of $1,108 a month. they’d be happy to pay $564 more.

by 卡塔尔世界杯常规比赛时间

rainmaker alert! the cloudy skies of 2020 show a good chance of precipitation.

more in surveys & research: covid impact: 17,500 tax & accounting jobs lostcas: critical success factors for the covid age | clients want to pay you more (really!) | the forecast: partly gloomy, chance of doombusy season benchmarks in free fall | say hello to the new 24-month busy season | accounting firms take billions in ppp payoutsthe more monitors, the better | the top portable monitors for working from home

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but praying for rain isn’t going to work. neither will a rain dance. the most effective action is often simply a matter of asking and offering.

a new survey of small and midsized businesses and their cpa firms finds that clients are generally willing to pay 50 percent or more for additional accounting-related advisory services … but only if their accounting firm offers them.

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covid impact: 17,500 tax & accounting jobs lost

tax and accounting headcount, year-to_year percentage change. july 2020
in the red: tax and accounting headcounts, year-to-year percentage change.

cutbacks fall hardest at payroll agencies.

by beth bellor

overall, the total number of employees in the tax and accounting sector is dropping again, but not nearly as dramatically as at payroll agencies.

more jobs & hiring trends: firms recall half of furloughed staffers  | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | headcounts dip by 3,500 in tax & accounting | tax & accounting headcounts hit record high  | hiring growth rate shows signs of leveling off | what staffing shortage? | payroll agencies lead jobs growth in the tax & accounting industry  | hiring trends flash warning signs of slowdown in tax & accounting | hiring surge powered by growth in payroll agencies |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the payroll segment lost almost 15 percent of its jobs in the latest data collected by 卡塔尔世界杯常规比赛时间 research. in some consolation, though, those who are left are seeing record new earnings.

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

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

clients want to pay you more (really!)

new research shows opportunities to boost revenues by up to 31%.

what clients want: adding strategic advisory services to your tax prep and payroll bundle could increase fee income by more than 48 percent. (cpa.com)

by 卡塔尔世界杯常规比赛时间

as cpas know better than anyone, these are turbulent times. whatever the situation was, it just changed. cpas know because they are at the center of it all — the calm, analytic eye at the center of hurricane upheaval.

more in covid trends in surveys & research: the forecast: partly gloomy, chance of doom | busy season benchmarks in free fall | say hello to the new 24-month busy season | covid drives new m&a trends | re-thinking today’s firm with five global leaders | the no. 1 reason accountants fail to build advisory practices

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

so consider for a moment the desperation of the businesses that are or could be your clients. they are suffering:

  • the financial and logistical onslaught of the pandemic,
  • the ever-evolving rules on taxation,
  • the constant change in compliance,
  • the lack of time for issues not within their core business (accounting, for example),
  • the problems and insecurities of their own clients and customers, and
  • concerns about the future.

in other words, clients have more important things to do than keep track of financial matters.

and they’re willing to pay for the freedom to stick to their core business.

the trick…

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