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OUTLOOK & ANALYSIS

Staff Turnover’s Down, But Why?

The aftermath of The Great Resignation leaves many questions.

By CPA Trendlines Research
Rosenberg National Survey of CPA Firm Statistics

As the pandemic wound down, there was a pretty big shakeup at CPA firms. Almost a fifth of employees left their firm. Some moved on to similar positions. Some got canned. And some ditched the whole profession in a search for satisfaction elsewhere.

MORE: What’s Your Firm Worth? Private Equity Wants to Know | The New Pipeline: Outsourcing and Offshoring | Is This the Last Year of Accounting’s Golden Age?
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Charles Hylan – managing director of The Growth Partnership, which conducts the Rosenberg National Survey of CPA Firm Statistics – hazards a guess, based on his experience with CPA firms, that “a large number are leaving the profession altogether.” Among all firms surveyed, i.e., firms with over $2 million in billings, “a whopping 75 percent of staff turnover is voluntary.”

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OUTLOOK & ANALYSIS

What’s Your Firm Worth? Private Equity Wants to Know

businessman holding box with money flying out of it

The M&A picture has changed.

By CPA Trendlines Research
Rosenberg Survey

You probably thought you’d never hear these three words together, but here they are: accounting is hot.

This isn’t to say that CPA practices have six-pack abs and saucy haircuts. They don’t. But as far as markets go, accounting firms are hot items for investors looking to snatch up profitable organizations.

MORE: The New Pipeline: Outsourcing and Offshoring | Is This the Last Year of Accounting’s Golden Age?
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The attraction is the consequence of two years of double-digit growth – the Golden Age of the accounting industry. Revenues jumped in 2022, and then they jumped again in 2023. And 2024 ain’t looking too bad, either.

According to The 2024 Rosenberg National Survey of CPA Firm Statistics – the 26th edition of the gold standard analysis of the industry – fee growth in 2023, excluding mergers, ranged from 3.2 percent for firms billing under $2 million, to 11.4 percent for firms with over $20 million in billings.
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OUTLOOK & ANALYSIS

Are You Earning What You Deserve?

young woman seated at laptop counting money

Plus some predictions about where the job market is headed.

By CPA Trendlines Research

Here’s a statistic you can probably sympathize with. According to new salary data, 99 percent of finance professionals report experiencing some level of burnout in the past year.

RESEARCH: Partners: Your Middle Managers Are Getting Burnout

MORE: The Slow, Painful Death of the 150-Hour Rule | Partner Comp Earnings Gap: What’s the Right Spread? | Main Street Accountants See Turbulence Ahead for Small Business | Partners: Your Middle Managers Are Getting Squeezed | Gear Up For Growth |
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Unless you’re in that other 1 percent, you know how it feels. And who could blame you for feeling that feeling and then looking at your paycheck?

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