How Today’s Staffing Crisis Can Forecast Your Future

You can read the tea leaves in who’s getting hired today because they’re the generation that will re-define the tax and accounting firms.

By Steven E. Sacks
The NEW Fundamentals

The accounting profession is at a crossroads: increasing pressure on keeping up with technology to serve more varied and complex clients, while a quick peek at the landscape indicates the ongoing struggle to attract and retain talent.

MORE: 7 Signs Your Accounting Firm Agreement Falls Short | Effective Networking is an Art | Courtesy Still Matters | Bigger Firm, Bigger Thinking | 5 Steps to Better Time Management | SWOT’s the Purpose? | Is Your Firm’s Culture a Magnet or a Repellent? | Click here for more by Steven Sacks
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But what is meant by this, actually?

What will be the type of necessary talent? Will it be a mixture of technical GAAP and GAAS know-how and technology-driven knowledge like artificial intelligence? Or will the necessary technical expertise be superseded by a deep understanding of blockchain technology and data analytics? If that, then how will firms draw the right people to deliver the value-added services that leverage technology?

Posted on April 25, 2021

Steven Sacks

About the Author

Steven Sacks, CPA, CGMA, ABC, has been at the forefront of the accounting profession for 30 years.

He is the author of
"The NEW Fundamentals: Practical Guidance for Today’s Accounting Firms,"
available here from CPA Trendlines.

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Click here for more by Steven Sacks

His involvement included the development of the first set of consulting standards, the creation of the Accredited in Business Valuation credential, the publication of practice management guides and award-winning newsletters, and addressing business development and organizational management in both the public and private sectors. He has served professional service firms and membership associations through the deliverance of leading-edge conferences, presented to colleges and universities on careers in accounting, and created workshops, webinars, and webcasts on a variety of accounting and consulting topics.

As the CEO and founder of Solutions to Results LLC, Steven assists professional service firms and organizations to solve the challenges of human capital development, workplace culture, and developing effective internal and external communication strategies and techniques. Previously, as executive director of Moore Stephens North America, he served CPA firms with conferences, webinars, workshops, various communication vehicles (including a multi-year, award-winning association newsletter), and a skills database for the development of domestic and international engagement referrals. At the AICPA, he developed strategies and business plans for growing the consulting services membership section; published technical service and practice management guides; participated in the creation of the first set of standards for consulting services; led the creation of the Accredited in Business Valuation credential; developed niche conferences in valuation, litigation support and forensic services; and presented to colleges and universities about CPA consulting careers.

Click here for more by Steven Sacks

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