Tax Shops Cut Staff by 10%

Is this any way to prepare for tax season 2019?

By Beth Bellor
CPA Trendlines

Accounting remains part of the general upturn in professional and business services employment, according to the latest data from CPA Trendlines research. Payroll remains a bright spot, especially for women, while tax prep grows ever gloomier.

MORE ON JOBS: Benefits, Perks, and Incentives: The Happy-Packs of Employee Satisfaction | Salary Survey: Top Skills Getting Top Pay | Accounting Wages Set New Record | All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season
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Chart of overall profession employment
^ Overall profession employment

 

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

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Accounting Wages Set New Record

Even as staffing growth hits the skids.

By Beth Bellor
CPA Trendlines

Employment growth in the accounting profession is flattening in many segments, and downright sliding from last year among staffers and in tax prep offices.

MORE ON JOBS: Accounting Salaries Hit New Highs | Tax Prep Services Slash 10,000 Jobs as Busy Season Begins | All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season | The Myth of the Staff Shortage | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars | Global Talent Wars Hit Home for Local Firms
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At the same time, hourly earnings are hitting new highs in several spots.

In this report, CPA Trendlines analyzes:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the profession,
  • Average hourly earnings for each segment,
  • Average hours worked per week by segment and
  • Trends regarding women in the accounting workforce.

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Tax & Accounting Wages Up 4%

And, hours worked? Down all over.

By Beth Bellor

The accounting profession continues to make year-over-year gains, according to new CPA Trendlines research. Hourly earnings are growing more than 4 percent, and the number employed is up in all segments – except tax prep, which is down 8.9 percent… for now.

MORE ON JOBS: The Myth of the Staff Shortage | What’s the Profession Going To Do with 79,000 New Accounting Graduates? | Accounting Profession Shows Steady Growth | Tax & Accounting Salaries Increase 2.8% | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars | Global Talent Wars Hit Home for Local Firms | How to Set Your Firm Apart to Recruits
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In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the profession
  • Average hourly earnings for key segments
  • Average hours worked per week
  • Trends regarding women in the accounting workforce

READ MORE →

Accounting Profession Shows Steady Growth

BONUS: Our statistical snapshot.

By Beth Bellor

Hiring in the accounting profession no longer racks up double-digit increases, but there’s growth in more areas than not.

MORE ON JOBS:

True Diversity: The Next Frontier for the Accounting Industry | Wages Up, Headcounts Down at Tax & Accounting Firms | Accounting Employment Creeps Back Up | Tax & Accounting Industry Shows Signs of Slowdown | CPA Firms Post 5% Growth Rate

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Tax & Accounting Salaries Increase 2.8%

Payroll: still volatile.

Job Satisfaction Poll:
Join the survey; Get the results.

By Beth Bellor
CPA Trendlines Research

Accounting firms head into summer as they have for much of the year, with growth that is encouraging but not at the record-setting pace of 2016.

MORE ON JOBS: Accounting Profession Growing, But Slowly | Accounting Employment Creeps Back Up | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars | Global Talent Wars Hit Home for Local Firms | Tax & Accounting Industry Shows Signs of Slowdown | Global Tax Talent Shortage Mounting into ‘Perfect Storm’ | Accountants without Borders: Tight Talent Pool Drives Salary Increases Nationwide | CPA Firms Post 5% Growth Rate | How to Set Your Firm Apart to Recruits
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

READ MORE →

Accounting Employment Creeps Back Up

The pattern is there’s no pattern.

By Beth Bellor
CPA Trendlines

The wild swings of 2016 are behind us, as employment and compensation figures fluctuate but within mellow ranges, according to a new CPA Trendlines analysis.

MORE ON JOBS: Where the Jobs Are (and What You Need to Get Them) | Tax & Accounting Industry Shows Signs of Slowdown | CPA Firms Post 5% Growth Rate | How to Set Your Firm Apart to Recruits
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High points year over year were tax prep at 3.6 percent, payroll at 4.3 percent, and women in payroll at 5.3 percent.
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Tax & Accounting Industry Shows Signs of Slowdown

Join the survey. Get the results.

CPA firms, payroll among brighter spots.

Who’s Hiring, Who’s Not?
Join the survey. Get the reasons.

By Beth Bellor
CPA Trendlines

Accounting employment in most sectors is on the upswing, but the hikes that sometimes reached into the double digits in 2016 appear to be leveling off, even after adjusting for busy season differences, according to a new CPA Trendlines analysis.

MORE ON JOBS: ANALYSIS: Global Tax Talent Shortage Mounting into ‘Perfect Storm’ | Accountants without Borders: Tight Talent Pool Drives Salary Increases Nationwide | New Staffing Strategies for the Next-Generation Accounting Firm

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Gains over 5 percent were seen only in the number of women working in payroll services.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

READ MORE →

Where the Jobs Are (and What You Need to Get Them)

Salaries, job openings and unemployment rates
Salaries, job openings, and unemployment rates

BONUS: Salary ranges and top markets.

By Beth Bellor
CPA Trendlines

Everyone knows there are jobs to be had in the accounting profession. But exactly where are they, and how much do they pay?

MORE ON JOBS: CPA Firms Post 5% Growth Rate | How to Set Your Firm Apart to Recruits
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According to new CPA Trendlines research, the number of accounting and finance jobs available now tops 200,000. Where they geographically vary by position.
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CPA Firms Post 5% Growth Rate

Tax and accounting industry hits 1 million workers, capping more than 25 years of sometimes volatile expansion. Shown: Workforce in thousands, monthly, 1990-2016.

Tax & accounting hiring trends for 2017:
Join the survey, get the results 

By Beth Bellor
CPA Trendlines

It’s still a great time to be an accountant, according to new CPA Trendlines research. But watch the long-term trends carefully. All the gains are not always what they seem at first.

MORE on STAFFING: The 16 Biggest #FAILs in Delegation |  SURVEY RESULTS: Effective Stay Interviews for CPA Firms |  SURVEY: Work-Life Balance: According to Whom? |  NEW SURVEY RESULTS: Two Ways Your Strategic Plan Can Reduce Turnover  |  Managing Partners’ Favorite Staffing Strategies  |  NEW RESEARCH: CPA Firms Hiring More, Paying Less  |  JOBS REPORT: Hiring Up. Wages Down.  |  The 12 Reasons Your Staff Hates Your Firm

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Year over year, CPA firm staffs are growing by 4.7 percent while payroll overall is increasing at a 4.6 percent rate. The number of tax preparation employees is falling, however, 12.5 percent for the latest month,  but up 3.2 percent for the year. Women are making some large year-over-year gains as well – 4.8 percent at CPA firms and 12 percent at payroll services.

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