Are CPA Attitudes Dampening Hiring at U.S. Companies?
Corporate CPAs turn sour on economic outlook.
Corporate CPAs turn sour on economic outlook.
Best August ever.
by Rick Telberg
The U.S. accounting and bookkeeping sector of the economy added 3,500 new jobs in August bringing the full-time workforce in the industry to 955,000, a new all-time record high for the month, according to preliminary new data obtained by CPA Trendlines.
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In addition, the CPA Trendlines analysis shows: READ MORE →
Marking the fourth consecutive month of decline, the bookkeeping and accounting industry contracted in June, shedding 4,200 full-time employees from May, ending at total employment of 954,800 workers and professionals, according to new data available to CPA Trendlines. Still, June’s … Continued
Even as firms continue 15-month expansion trend.
While CPA firms struggle through a shake-out. READ MORE →
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.
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:
Complete findings are published in The CPA Trendlines Practitioner’s Tax Season Performance Review and Outlook Report. (Learn more here)
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.