The $100,000 H-1B Shock: What It Means for Accounting Talent

What changes, what doesn’t, for thousands of jobs in accounting.

In tax and audit in 2024, increases in salary bands were far from evenly distributed.

By Dominic Piscopo

I just consumed hours of H-1B visa content, so you don’t have to. Here are my findings.

Accounting isn’t the heaviest H-1B user (That’s IT & Tech.), but the profession still relies on international grads in audit, tax, advisory, and increasingly data and automation roles. In 2024, USCIS approved around 400k H-1Bs overall, with 2% to 3% of those in categories that could include accounting. So, while other industries are far more reliant on this program, there may still be thousands of roles in accounting. READ MORE →

Cash Bags, Casinos & Audits: How First Jobs Shape Us | ARC

“As an auditor, you learn how non-financial events end up having a financial impact.”

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Accounting ARC
With Liz Mason, Byron Patrick, and Donny Shimamoto
Center for Accounting Transformation

On this episode of Accounting ARC, Liz Mason, CPA; Byron Patrick, CPA.CITP, CGMA; and Donny Shimamoto, CPA.CITP, CGMA, revisit their first accounting jobs. The conversation underscores how early exposure to operations, technology, and industry economics cultivates the judgment accountants need to interpret business realities.

MORE Accounting ARC: Gen Z Redefines Careers | Bootleggers, Baptitsts & CPAs: Rethinking Licensure |CPA Firm Ownership Under FireWalking Violation: When Showing Your CPA Gets You in Trouble | Audit Bags to TikTok Tags, Gen Z Talks Success | Students Challenge Accounting’s Traditional Career Path | True Grit: Recognizing Struggles That Shape Our Successes | More Admins, Fewer Students, No PlanWhat Career Advice Gets Wrong for Gen Z – And How to Fix It |Your Identity is Not a LiabilityWhat Happens in Vegas… Gets Reported on a Tax ReturnBurnout, Be Gone: Accounting Needs a Boundary BreakthroughThe Ultimate Business Hack You’re Probably IgnoringResilience, Real Talk, and the Road to Mental WellnessBlockchain Could Still Reshape AccountingWhat Gen Z Wants from Business | Firm Differentiation Depends Upon Client Service

From hustling down the beach with bags of money to deploying field laptops with new tech to counting millions of dollars over 15 hours, each host shares a unique accounting beginning, but all have the same clear messaging.

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Get the Right People on the Bus

 

people gathering in the shape of an arrowShift from serving clients to serving and developing leaders.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

“Once you recognize that the purpose of your life is not to serve your business, but that the primary purpose of your business is to serve your life, you can then go to work on your business, rather than in it, with a full understanding of why it is absolutely necessary for you to do so.” – Michael E. Gerber, “The E-Myth Revisited”

MORE by Jody Grunden
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As our team was growing and we reached over 30 team members, we recognized the need to establish a formal leadership team. When we were smaller, it worked fine for Adam and me to be the primary decision makers, but as our client base and workload grew, we realized we would become a bottleneck and slow things down. At that point, we made a conscious effort to transition our daily tasks and client responsibilities to other team members so we could remove ourselves from the weeds and focus on the higher-level view of the company.
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Gen Z Redefines Careers | ARC-SLC

Students push for networking, compensation clarity, and creativity as the path to success in a changing profession.

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Not Your Headcount

Accounting ARC – Student-Led Conversations
With Chayton Farlee
Center for Accounting Transformation

When Dominic Piscopo, CPA, compared his first Big 4 paycheck to his weekend bartending income, he had one reaction: disbelief. “I clocked 100 hours during busy season, and the check wasn’t much different than what I made in two nights at the bar,” he recalls.

MORE Accounting ARC: Bootleggers, Baptists, & CPAs: Rethinking Licensure | CPA Firm Ownership Under FireWalking Violation: When Showing Your CPA Gets You in Trouble | Audit Bags to TikTok Tags, Gen Z Talks Success | Students Challenge Accounting’s Traditional Career Path | True Grit: Recognizing Struggles That Shape Our Successes | More Admins, Fewer Students, No PlanWhat Career Advice Gets Wrong for Gen Z – And How to Fix It |Your Identity is Not a LiabilityWhat Happens in Vegas… Gets Reported on a Tax ReturnBurnout, Be Gone: Accounting Needs a Boundary BreakthroughThe Ultimate Business Hack You’re Probably IgnoringResilience, Real Talk, and the Road to Mental WellnessBlockchain Could Still Reshape AccountingWhat Gen Z Wants from Business | Firm Differentiation Depends Upon Client Service

Instead of shrugging it off, Piscopo started asking questions—lots of them. He gathered salary data from peers across firms and discovered his cohort was underpaid compared to the market. Presenting the numbers to leadership, he helped secure a nearly 10% raise for his entire group.

“That was the moment I realized transparency could change the profession,” Piscopo says.

Piscopo shares the story on Accounting ARC: Student-Led Conversations, hosted by accounting student Chayton Farlee. The two explore how networking, pay transparency, and building side projects can help students and young professionals stand out in an industry struggling to recruit and retain talent.

READ MORE →

Are Automation and AI Killing Entry-Level Jobs?

Where the jobs aren’t.

By CPA Trendlines Research

The tax and accounting sector is shedding more jobs, with women and nonsupervisory workers feeling the brunt of the decline.

MORE STAFFING & RECRUITINGHow DiSC Profiles Help Remote TeamsMeet Your New Boss: Gen Z | Accounting InfluencersKassi Rushing: Leadership Gaps, Not Motivation Gaps, Hold Firms Back | Gear Up For Growth

A new analysis by CPA Trendlines reveals the profession may be holding headcounts near historic highs but gradually reshaping itself. Women hold 62.1 percent of jobs, down from 63.4 percent a year ago — the sharpest one-year drop in female workforce share since 2010. Supervisory staff, meanwhile, make up 9.7 percent of total employment, up from 9.3 percent last year, reflecting a slow but steady increase in managerial presence, while nonsupervisory employment is down 3.6% year over year. READ MORE →