Accounting Jobs Number Hits All-Time High
While CPA firms struggle through a shake-out.
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Topic: economy
Top 100 Firms Gallop Out of Recession
Bold growth tactics, big partner cuts. The nation’s 100 largest tax and accounting firms have reversed revenue losses and are accelerating growth in a highly competitive market by relying on a mix of merger, acquisition and selling strategies, according to a new survey and analysis. In a year marked by “blockbuster mergers,” Accounting Today reports top-line revenue advanced 7.9% for the 100 largest firms operating in the U.S., clocking in total fees of $45.8 billion. Among the Big Four, revenue grew 8.2% to $436.2 billion. This year’s advances mark a turnaround from back-to-back retreats.
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More Tax Clients Choose Do-It-Yourself Method
But professionals aren’t sorry to see them go. The number of taxpayers who are preparing their returns themselves is surging 9.9% over a year ago, according to new data obtained by CPA Trendlines. Meanwhile, the number of returns filed by professionals is advancing only 1.4%.
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NEW SURVEY FINDINGS: Tech Investments, Better Economy, More Complex Returns Buoy Busy Season Outlook
Four in five expect the same or better than last year’s busy season. by Rick Telberg As Busy Season 2012 gets into full gear, tax and accounting professionals are holding steadfast to their confidence that this year’s results could show a marked improvement over last year’s, according to current readings of the profession by CPA Trendlines. With January 2012 just beginning, 55% of accountants expect 2012 to be overall “somewhat” or “much” better than 2011, which is relatively unchanged from readings in November and December. To be sure, 26% expect no change from last year, and 19% are bracing for “worse.” In other findings from the CPA Trendlines busy season barometer and related reports: Accountants Expecting a Better Busy Season [...]
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Accountants See More Hiring than Firing in 2012
The economy turns a corner. According to a survey of U.S. accounting firms by Sageworks, 92% of financial professionals believe that businesses will either maintain or increase their employee count in 2012.
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Charles Postal, SP&Co.: Investing in People and Mergers
Strategy 2012: Battling for Market Share What are your critical challenges for 2012, and what can do you about them? A number of the profession’s leading lights have been sharing their thoughts with Accounting Today. Here’s one: Charles Postal Santos Postal & Co. We see a shrinking market share of small and medium-sized businesses with the need for premium accounting services caused by increased competition from larger firms with greater resources.
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CPA CFOs See Slight Spending Increases Ahead
But no new hiring. via AICPA The outlook for the U.S. economy improved in the fourth quarter, but broad pessimism about the progress of a recovery persists, according to the fourth quarter AICPA Economic Outlook Survey, which polls chief financial officers, controllers and certified public accountants in executive and senior management accounting roles.
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