Headcounts Grow 5%; Pay Rates Surge at 7% Pace

The only down spots? Tax prep and payroll.

By Beth Bellor
CPA Trendlines Research

We like to see a month or two of increases when we’re talking about jobs, but how about six or seven? That’s the rosy picture seen across several sectors in accounting, according to the latest available data.

MORE: CPA Staff Wages Hit New High and Keep Climbing | Firms Battle Staff Shortages with Pay Hikes | Tax & Accounting Firms Beef Up Wages and Headcounts | Employee Counts, Earnings Rise
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Oh, you’re an employee looking at potential earnings? They just hit new highs at CPA firms and for staff overall.

We report here on the accounting profession as a whole as well as:

  • CPA firms
  • Tax preparation services
  • Payroll services
  • Bookkeeping
  • Women

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Comeback Stalls as Layoffs Hit 1,500 in Accounting

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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Six Ways to Make Your Own History During Women’s History Month

Most of them are easier than you might think.

Add your voice to Comments: What’s working for women in the profession? And what needs more attention (especially this year when issues like this get pushed to the lowest priority)?

By Sandi Leyva

Did International Women’s Day come and go again in your firm without much fanfare? That’s OK because you have the entire month of March to not only celebrate Women’s History Month but also to make some history of your own.

MORE ON SMALL-FIRM GROWTH STRATEGIES: Clubhouse: Hottest New Social Platform or Just More Noise? | Who’s Offering Your Clients PPP Services? | PPP Client Fraud: How Much Risk Is Too Much? | Survey: Who’s Not Billing for PPP Services? | Add These Money-Making Rituals to Your Work Day | 3 Ways to Opt Out of Any Downturn | 5 ‘Low-Hanging Fruit’ Ways to Raise Your Revenues Right Now | How to Lead in a Crisis
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Here are several ideas you can implement immediately that will each take one small step toward advancing women.
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