Topic: Money

Financial Crisis Spurs CPA Job Seeking

What’s your advice for the next President? Sound Off here. by Rick Telberg/On Careers The crisis in financial markets and heightened uncertainty in the economy may be prompting some tax and accounting professionals to accelerate their plans to jump to new and better jobs. The number of CPAs who say they’d consider looking for a new job has jumped seven points, to 44 percent in September from 37 percent in August. “I know there are many jobs out there for accountants, especially at the level that I am at,” says a CPA at a mid-sized business. She feels lucky to be young, skilled and in demand as a senior accountant. “I am part of the shortage era and the number [...]

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CPAs Work to Calm Client Concerns

What’s your advice for the next President? Go to the survey to add your comments. by Rick Telberg/At Large The financial crisis on Wall Street has led to an unprecedented government rescue effort and an uncertain economic outlook, leaving CPAs deeply dismayed and concerned. Many CPAs are dealing with nervous clients and more still expect a larger role for the CPA profession in personal financial planning as consumers flee to the safety of trusted advisors. “The economy will get worse before it gets better,” according to a senior CPA executive at a large not-for-profit. His advice: “Keep yourself nimble – seek cross training opportunities at work. CPAs are viewed as more trustworthy source of information.  After suffering 20% to 30% [...]

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Kevin Ryan | Money Tips

Top 10 Tips For Surviving an Economic Downturn Kevin Ryan, CPA Partner Citrin Cooperman Philadelphia Many Citrin Cooperman clients are noticing a growing concern among their customers, and consequently, are beginning to prepare for tougher times. Our clients are asking us what they should be doing now to prepare for an economy that goes south. As CPAs, we’re always worried about volatility in the marketplace, so the advice we provide now is the advice we’ve provided to businesses all along. Look at 9/11. Many companies weren’t prepared when the economy sank then, and frankly, many companies didn’t make it. There are steps owners of privately held businesses can take now to prepare for a sluggish economy. They include:

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