Topic: economic trends

Soloists Lag Multi-Owner Firms in Economic Confidence

Multi-partner firms show bullish signs. Soloists turn bearish on the U.S. economy. CPA Trendlines Research CPAs aren’t economists, but they do know numbers, and they have their fingers on the pulse of the flow of money in their local areas. They know how their own businesses and their clients’ businesses are doing, and they have at least an inkling of the causes. Remembering 2014 and living through the 2015 busy season, they are well placed to prognosticate on financial flows over the next 12 months. CPA Trendlines survey research detects a certain optimism, but it seems to be a bit more cautious among solo practitioners.

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Tax Leads Accounting Industry in Price Hikes

Accounting industry shows healthier pricing power than most other industries — and its own clients. NEXT QUESTION: Which pricing strategies are best for today’s market? Join the survey; get the answers. By Rick Telberg CPA Trendlines Research Following hefty hikes in billing rates during tax season, the tax, accounting and bookkeeping industry is pushing through price increases three times faster than the rest of the nation’s economy, according to a new CPA Trendlines study. MORE: Fees and Pricing Reports for PRO Members Only Learn more: Go PRO here While most other industries — and, by implication, most of the profession’s clients — are barely managing to maintain price levels, the accounting industry is forging ahead aggressively. The industry’s powerful position in […]

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Accountants See Solid Business Gains in 2015

CPA Trendlines Strategy Shift Report: Accounting firms around the world reap benefits of easing oil prices, government stimulus and innovation. By Rick Telberg CPA Trendlines Tax and accounting practitioners are heading into a new year and a new busy season markedly more confident and optimistic than they’ve been in years, according to the 10th annual CPA Trendlines Strategy Shift Report. Professionals from Milwaukee to Tucson and Karachi to Kampala are telling CPA Trendlines of brightening business forecasts for their firms in 2015. Top Trends in Emerging Business Strategies Join the survey. Get the results. Fully 71 percent of professionals say they are more than somewhat confident in the business and economic outlook for their firms, with a record 30 percent telling CPA Trendlines they are “highly confident” for the […]

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Tax and Accounting Industry on Hiring Binge

Profession adds 1,400 new jobs in latest month. Next question: Who’s hiring; who’s not. Join the survey; get the answers. By CPA Trendlines With practitioners across the country reporting strong demand for new hires, the nation’s tax, accounting and bookkeeping industries added 1,400 new jobs last month, with some sectors marking new highs for 2014 and approaching the pre-crash peak six years ago. Jennifer Dizon, an audit and advisory partner at Hood & Strong’s San Jose, Calif., office, tells CPA Trendlines her firm is looking to hire. “We need more staff to service business growth,” says Dizon, who is also the newly elected state chapter president of the National Association of Women Business Owners. In Elkhart, Kan., enrolled agent Terri Ryman at Southwest Tax & Accounting says the office […]

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NEW DATA: Strong, Steady Hiring at Tax, Accounting Firms

Careers and Hiring Outlook:
Join the survey. Get the results.

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Accounting Sector Tops 5% Annual Growth Rate

Firms now recovered about 9 in 10 jobs lost in financial collapse. By CPA Trendlines The U.S. tax, accounting and bookkeeping industries have recovered nearly 89 percent of the jobs lost in the economic crisis, according to CPA Trendlines sources. CPA Trendlines Careers and Hiring Outlook Job Satisfaction and Retention Benchmarks   Here CPA Trendlines reports on: Current hiring trends in each of the bookkeeping, tax, payroll 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. The U.S. economy as a whole added 209,000 jobs in July. In addition to the growth of 47,000 jobs in professional and business services, increases were seen in […]

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New Surge in Wages, Hours, Hiring

The U.S. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, according to CPA Trendlines sources. Here CPA Trendlines reports on: Current hiring trends in each of the bookkeeping, tax, payroll 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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The Real Election Day Winners? Accountants

What the election means for busy season:  Join the survey, get the answers. by Rick Telberg  The re-election of President Obama may sweep away a few uncertainties in tax and economic policies that have been stymieing business decision-making. But it also sets the stage for a very busy busy-season, complete with last-minute changes in code and forms. And I’d be surprised if the partisan gridlock in Congress suddenly loosens.

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Billing Rates Jump Sharply at CPA Firms

A sign of a full economic recovery for the profession? by Rick Telberg Exclusive to CPA Trendlines CPA firms are shaking off the effects of years of a fee-cutting death-spiral that halted growth, pinched profits and forced painful staff reductions. Instead, firms are now pushing through some of the most aggressive price increases in years, led by audit services, followed by tax prep, bookkeeping and compilations.

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