TAX PRACTICE

Comeback Stalls as Layoffs Hit 1,500 in Accounting

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CPA firms cut average staff pay.

“The Tax Season from Hell?”
Join the survey. Get the results

By Beth Bellor
CPA Trendlines Research

The accounting profession sector by sector generally looks slightly brighter, with most reporting headcount growth for the month – but losses for the year.

Exceptions include the profession overall, which is taking a 0.2 percent dip, tax preparation services up for the year 3.3 percent, and bookkeeping, up 1 percent.

MORE ON JOBS: Tax & Accounting Regains 3,800 Jobs | Accounting Jobs Recovery Slows | Tax & Accounting Firms Rehire Two-Thirds of Pre-COVID Workforce | Tax & Accounting Firms Rehire Two-Thirds of Pre-COVID Workforce | New Job Cuts at CPA Firms | COVID Job Toll: Tax & Accounting Cuts 17,500 Employees | Firms Recall Half of Furloughed Staffers
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In this report, CPA Trendlines highlights:

  • Current and long-term hiring trends in each of the bookkeeping, payroll, tax, and CPA segments of the industry (all data seasonally adjusted)
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

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Team Expectations: A Checklist for Busy Season

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What do you think your staff knows about tax season? Check again.

By Kristen Rampe

Busy season is here. Are you ready? Is your team ready?

You might feel your team “should know” your expectations, but that’s not always the case.

MORE RAMPE: Pandemic Lesson: Innovate Faster | Tax Season Savvy: Five Ways to Stay Sane | Why Host a Partner Retreat? | SURVEY RESULTS: Effective Stay Interviews for CPA Firms | The 16 Biggest #FAILs in Delegation | SURVEY: Work-Life Balance: According to Whom? | NEW SURVEY RESULTS: Two Ways Your Strategic Plan Can Reduce Turnover |

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A client of ours once assumed a five-year staff they hired from a Top 10 regional firm would know tax professionals work on Saturdays from February – April. She chose not to show up for any of them in February.

While the managing partner stewed over this behavior, we realized three key factors were in play:

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You’re Not JUST Taxes

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Make Sure Tax Clients Know About Other Services.

By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting

During a tax return preparation interview, getting a client’s information is a tremendous opportunity to find out the concerns of the client and how you can help.

MORE: 20 Good Ways to Boost Tax Season Production | How to Recoup Staff Training Costs | 10 Ways to Stay in Control | Advice to New Accountants | Clients Don’t Lose Sleep for Overpaying Taxes | When Time-Based Pricing Works
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The assistance you give can sometimes provide a life-changing benefit to the client while enabling your firm to increase its service base and gain additional revenues.
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