Tax and Accounting Wages Hit Record Highs

Outpacing pricing power and inflation.

So far this year, hourly wages are up by $2.52 year over year.

By CPA Trendlines Research

Average hourly earnings in the tax and accounting sector are surging at a 6.1 percent year-over-year rate – faster than the overall inflation rate and outpacing price growth, setting up a new squeeze on profit margins.

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The $43.73-an-hour wage rate marks a new record, and the fourth straight month of historic highs for pay in accounting, tax preparation, bookkeeping and payroll services. Since January, hourly wages have jumped by $2.52.

Posted on June 9, 2025

CPA Trendlines Research

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