Readers’ Forum: Hours worked. Firing clients. Setting prices. Chris Basom, managing partner of Your Money Matters in Mission Viejo, Calif., wants to know the “one thing you wanted to implement before tax season but just couldn’t get to.” “Is cash still relevant?” asked solo practitioner Roxann Otto of Otto Tax & Accounting Services in Slinger, Wis. Charles G. Read in the Melbourne, Fla., area would like to know how other accountants arrive at the charges they present. Deborah McDowell Cain of her eponymous firm in Fort Worth, Texas, asked, “Does your firm work five, six or seven days a week? Is overtime for staff mandatory? Are senior staff hourly, salaried, offered overtime or comp time?” And harking back to the busy […]
A new salary survey of management accountants isn’t bad news. but it’s not great news either…
2011 finishes at new high. Average hourly earnings across all employees in the accounting and bookkeeping slipped slightly in the latest month, but rang in a solid gain year to year. With more than 970,000 workers, the Bureau of Labor Statistics calculates that workers earned $27.10 per hour in December, the latest month available, down from $27.10 in November, and averaging $26.51 for the year. The $26.51 rate for 2011 represents a 35-cent advance from 2010 and $2.68 more than in 2007, the first full year in the books
Now running at new high. Hourly earnings at CPA firms are running at an all-time high, according to new data available to CPA Trendlines. On average, earnings reached $31.20 per hour in 2011, up about 3.2%, for all employees. For just non-supervisory employees, wages gained 21 cents, reaching $24.20. In the last five years, earnings for management-level employees have risen 10.1%, while wages for all employees advanced 9.1%.
What recession? More accountants with jobs … ever. by Rick Telberg In the same jobs report that drove the NASDAQ to an 11-year peak, the accounting and bookkeeping sector recorded more people employed in the industry than ever before.
Accounting firms hire the most, pay less. The average salary for accounting majors is averaging up 3.7 percent to $50,500, according to a new survey of college graduates and the employers who hired them.
Defying national trends, accounting industry expands by 2,200 jobs. Total employment in the accounting and bookkeeping sector grew by 2,200 positions in June (preliminary, seasonally-adjusted), to 933,200, the fourth straight month of gains and the highest headcount since 944,600 in December 2008, according to new government data. The surge is being fueled by big gains in tax prep shops and in payroll services. CPA firms slimmed down after tax season, as usual, but headcounts are still running higher than a year ago.