PAY & COMPENSATION

Higher Wages, Fewer Jobs: A New Era for CPA Staffing

By

AI and India Replace U.S. Staff in CPA Industry Shakeup.

The great restructuring: After the pandemic rebound, hiring gradually slows, finally going negative this year.

By CPA Trendlines Research

The nation’s tax and accounting firms are cutting job rosters even as they’re aggressively raising wages, signifying a structural retrenchment redefining how firms produce and deliver services, according to a new study by CPA Trendlines Research.

MORE Tax and Accounting Wages Hit Record Highs | Show Us the Money! Accountants Are Making More | Chris Vanover: Audit, Now with 100% Less Misery | The Disruptors | Gen AI in Accounting: Epic Transformation, or Overheated Hype? | AI Will Steal Your Job. And That’s a Good Thing | Accounting ARC | Steve Evans: Why Traditional Hiring Methods Fail | The Disruptors

U.S. firms are scaling back staff-level roles, favoring automation and offshore operations. Generative AI and cloud platforms now perform tasks once handled by entry-level staff, including reconciliations, bookkeeping, and basic tax prep. Simultaneously, more firms are offloading transactional services to overseas teams, particularly in India, in response to domestic labor shortages and cost containment efforts.

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Struggling to Keep Up with Market Salaries?

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portrait of Dominic Piscopo
Piscopo

Three common misconceptions and how you can compete.

By Dominic Piscopo, CPA
Founder of Big 4 Transparency and
host of the Big 4 Transparency Podcast

I can’t tell you how many firm owners complain to me about the talent shortage and how it’s holding back their growth. In truth, plenty of talent exists. It just may not be out there at the prices you’re willing to pay.

MORE: Tax and Accounting Wages Hit Record Highs | Panel: Radical Changes Coming in Pay and AI | Accounting Influencers
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When firms come to us to source an open position, they usually share a job description that looks solid. But when we get to the salary range they have in mind, it’s often way below what’s being paid in today’s market. That’s usually why they’re not generating as many good candidates as they hope.
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