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five ways to fill the staffing gap

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bar chart

it takes more than moolah.

by 卡塔尔世界杯常规比赛时间 research

the 2025 卡塔尔世界杯常规比赛时间 busy barometer is finding that the talent shortage is one of the accounting industry’s primary concerns, and the wolters kluwer future ready accountant report confirms that the shortage of accounting professionals is expected to be a top issue over the next five years.

more: show us the money! accountants are making more | twelve years and out: seasoned accountants join the exodus | how accounting firms are handling the staff shortage
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the shortage is global, the wolters kluwer report says. around the world, 35 to 40 percent of firms identify recruitment and retention as their biggest challenge.
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tear down towers of knowledge to transform accounting

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why sharing beats hoarding.

by donny c. shimamoto

series note: this post is part of a series inspired by “joy, inc.”, written by richard sheridan, cofounder and ceo of menlo innovations. while his book is about the software industry, there are many direct analogies applicable to the accounting industry. we must #transformaccounting and bring joy back into the work we do to sustainably address our industry’s people crisis.

a “tower of knowledge” (“tower”) is a person on your team who has vast technical knowledge that no one else has. this knowledge could be about a client or about the project itself. this person is often seen as the center of the team or as a key person who holds the project together.

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for high achievers – which many accountants are – this probably sounds like a good thing. being a tower of knowledge reinforces our worth and makes us feel important. “yes, i’m critical to this project. yes, the team needs me. yes, i know a lot. yes, i am important.” yes, being a tower can be very validating and make us feel good.
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how private equity is impacting accounting

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and how these deals compare to traditional cpa firm deals.

by marc rosenberg
the rosenberg practice management library

one of the biggest game changers in the cpa profession since the dawn of the 21st century has been the introduction of private equity in merger transactions.

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prior to roughly 2020, 99 percent of all cpa firm mergers were between two cpa firms. an early exception was the “consolidator” phase of the cpa industry from the mid-1990s through the early 2000s. this is when three companies, the consolidators – american express, h&r block and cbiz – acquired a few hundred cpa firms, spawning the creation of alternative practice structures. because cpa firms must be majority owned by cpas, this new structure featured the attest function spun off as a separate but related entity, owned primarily by cpas while the remainder of the firm was owned primarily by the consolidators.
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