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Hiring Surge Powered by Growth in Payroll Agencies

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Tax & accounting industry adds 40,500 new jobs to hit new record.

CPA Trendlines Jobs Report
Who’s hiring, who’s not, and why?
Who quitting for a new job & when?
Join the survey; get the results

By Beth Bellor

Payroll is proving to a bright spot and women are making some impressive gains in our look at employment in the accounting profession. The latest CPA Trendlines Jobs Report also finds that tax preparation services employment spiked in March, even when seasonally adjusted.

MORE ON JOBS: Tax Shops Bulk Up for Big Busy Season | Jobs Report: 43,000 New Hires | Tax Shops Cut 6,200 Jobs | Tax Shops Cut Staff by 10% | Benefits, Perks, and Incentives: The Happy-Packs of Employee Satisfaction | Salary Survey: Top Skills Getting Top Pay

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In this report, CPA Trendlines highlights:

  • Current 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

Typically, one respondent tells the CPA Trendlines Jobs Report said she’s “Not actively looking” for a new job, “but maybe I could be persuaded.” The reason: “Not comfortable with direction firm is taking.”

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Tax Shops Bulk Up for Big Busy Season

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Wages hit new highs.

By Beth Bellor
CPA Trendlines

New hiring in the tax and accounting industry may be slowing in many areas, but the latest CPA Trendlines Jobs Report finds gains overall. Up is up and we’ll take it.

MORE ON JOBS: Jobs Report: 43,000 New Hires | Tax Shops Cut 6,200 Jobs | Salary Survey: Top Skills Getting Top Pay | Accounting Wages Set New Record | All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season | The Myth of the Staff Shortage
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Jobs Report: 43,000 New Hires

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Hourly pay averages $33.53, up 4%.

By Beth Bellor
CPA Trendlines

As 2019 dawns, the most stunning trends in hiring in the tax and accounting industry is in payroll services, which shows year-over-year increases of 7 percent or more in overall employment, according to an exclusive CPA Trendlines analysis. Meanwhile, tax prep continues its slow slide.

MORE ON JOBS: Tax Shops Cut 6,200 Jobs | Tax Shops Cut Staff by 10% | Benefits, Perks, and Incentives: The Happy-Packs of Employee Satisfaction | Salary Survey: Top Skills Getting Top Pay | Growth Slowdown: Tax & Accounting Hiring Rates Hit Headwinds | Steady Gains in Hiring at Accounting Firms | Accounting Wages Set New Record
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

In this report, CPA Trendlines reports:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

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Tax Shops Cut 6,200 Jobs

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Signs of a hiring slowdown? Payroll agencies trim hours.

By Beth Bellor
CPA Trendlines

Are the heady days of hiring spikes over? Maybe, but the accounting profession still scores far more positives than negatives, according to a new CPA Trendlines analysis.

MORE ON JOBS: Tax Shops Cut Staff by 10% | Benefits, Perks, and Incentives: The Happy-Packs of Employee Satisfaction | Steady Gains in Hiring at Accounting Firms | Tax Prep Services Slash 10,000 Jobs as Busy Season Begins | Tax & Accounting Wages Up 4% | Accounting Profession Shows Steady Growth | Accounting Profession Growing, But Slowly
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

New records are being set in overall staff, in payroll staff, and in bookkeeping. Tax preparation services, meanwhile, continue to shed employees. And payroll agencies are cutting back on hours worked.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

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Tax Shops Cut Staff by 10%

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Is this any way to prepare for tax season 2019?

By Beth Bellor
CPA Trendlines

Accounting remains part of the general upturn in professional and business services employment, according to the latest data from CPA Trendlines research. Payroll remains a bright spot, especially for women, while tax prep grows ever gloomier.

MORE ON JOBS: Benefits, Perks, and Incentives: The Happy-Packs of Employee Satisfaction | Salary Survey: Top Skills Getting Top Pay | Accounting Wages Set New Record | All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

 

 

Chart of overall profession employment
^ Overall profession employment

 

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

READ MORE →

Growth Slowdown: Tax & Accounting Hiring Rates Hit Headwinds

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Women leaving payroll agencies in huge numbers.

By Beth Bellor
CPA Trendlines

Growth in the tax & accounting sector continues, but at a snail’s pace, with figures like 0.3 percent dotting the plus side.

MORE ON JOBS: Steady Gains in Hiring at Accounting Firms | Accounting Wages Set New Record |  All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season | The Myth of the Staff Shortage | Wages Up, Headcounts Down at Tax & Accounting Firms
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

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Women, Tax Prep See Workforce Growth

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cpatrendlines jobs report tiltSorry, payroll. Life remains tough for you folks.

By CPA Trendlines

The tax preparation sector of the industry is adding employees. Hmm, why could that be?

Payroll continues its swings, with numbers and hours up while earnings are down. Women continue to see gains both overall and in CPA firms, while their numbers in payroll increased by double digits.

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry
  • Average hourly wages for key segments
  • Typical hours worked per week, and
  • Trends concerning women in the accounting workforce

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Payroll Workers Still on a Roller Coaster

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cpatrendlines jobs report tiltIndustry employment rises, with women seeing huge gains.

What it takes to succeed in today’s profession:
Join the survey; get the answers

By CPA Trendlines

Industry hiring is moving ever higher but wages aren’t keeping pace, according to new CPA Trendlines research.

Sole practitioner Joshua Giminez of Fair Winds Tax and Financial and Columbus counted himself among those in a the latest CPA Trendlines survey probably willing to consider a new job and keeping his eyes open. “Opportunities to increase my income level abound,” he explained.

Numbers are growing in nearly all sectors of the tax and accounting industry, with women in particular advancing 5.9 percent annualized and even higher in CPA firms and payroll.

Yet, payroll remains volatile. Workers are finding more opportunities, with 9.7 percent growth, but hourly pay for staff is off by 6.6 percent.
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