Tax & Accounting Firms Grow for 9th Straight Month

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Overall accounting profession employment

 

Bookkeeping is playing the tortoise game.

By Beth Bellor

Bit by bit, the accounting profession is growing. Despite a staffing shortage. Despite an uncertain economy. Despite everything, tax and accounting firms are steadily adding to headcounts.

MORE: Tax & Accounting Profession Grows, but Wages Don’t | Tax and Accounting Pay Advancing at 5.9% Pace | Accounting Jobs Up 4% for Year
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As tax and accounting professionals begin planning for the year ahead, the CPA Trendlines Research team is fielding a new survey to check the pulse of the profession, detect emerging trends, and identify the best success strategies going into 2024.
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According to the latest data mined by CPA Trendlines Research, new highs were reached in September in employment overall, staff, CPA firm staff, bookkeeping, women overall and women in CPA firms. Staff also hit a new mark for hourly earnings.

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Tax & Accounting Profession Grows, but Wages Don’t

Total employment at tax, accounting, payroll, bookkeeping and related businesses hits a record high of 1,166,700 jobs.

Tax preparation and payroll services are exceptions.

By Beth Bellor

Are there really staffing shortages? Employment numbers in the accounting profession keep rising.

MORE on STAFFING and COMP: Tax and Accounting Pay Advancing at 5.9% PaceBill Penczak: Stop Forcing Smart People to Do Stupid WorkSandra Wiley: Staffing Problem? Check Your CultureFirms Rev Up Expansion Plans | Accounting Jobs Up 4% for Year | Research: Accounting Pros Cautiously Optimistic about Generative AI | How Auditors Can Beat AI How Tax Practitioners Became Cybersecurity Risks | Why the U.S. Must Act Now to Protect Our Online Privacy | Top Tax Vendors Caught Red-Handed Selling Private Taxpayer Data
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Perhaps they could be rising even faster if the right people met the right spots – or the right incentives, according to a new CPA Trendlines analysis.

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Tax and Accounting Pay Advancing at 5.9% Pace

Payroll services hours take some wild swings.

By Beth Bellor

What would help recruit more people to the accounting profession? How about that trusty standby, more money?

Most accountants are bringing home more in hourly earnings, according to the latest available data.

MORE on JOBS: What an A.I.-Powered Workforce Means for Accountants | New Businesses Mean New Business | Accounting Jobs Up 4% for Year |

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For the accounting profession overall, hourly earnings hit a new high at $41.39, up 35 cents or 0.9 percent for the month and $2.32 or 5.9 percent for the year. Staff earnings hit a new top mark at $31.76, up 20 cents or 0.6 percent for the month and $1.64 or 5.4 percent for the year.
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