And that’s the good news.
Your mileage may vary: The tax and accounting workforce is churning out almost as many returns. But with rising labor costs. Is that a margin squeeze or the firm of the future? (Index = pro-filed tax returns, annualized payrolls, and headcounts)
By CPA Trendlines
New CPA Trendlines Research suggests that the much vaunted promises of AI-enabled efficiencies are still just that – promises.
MORE Tax Season
So far this year, firms are producing even fewer tax returns than at the same time last year, while salaries are increasing.
The problem gets worrisome when you notice that headcounts are flat to down. Or, are these the signs of a new paradigm?
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