Tax and Accounting Industry Hits New Highs in Headcount and Wages

Chart of BLS employment data
Tax, accounting and bookkeeping employment, through March 2015, with number of employees reported by the thousands.

The U.S. tax, accounting and bookkeeping industries remain among the bright spots in the nation’s economy, as professional and business services make up nearly a third of the last month’s job gains, according to CPA Trendlines sources.

Here CPA Trendlines reports on:

  • Current hiring trends in each of the bookkeeping, tax, payroll 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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Tax and Accounting Firms Lengthen Hiring Spree

Growth in most segments continues.

Bureau of Labor Statistics for February 2015

The U.S. tax, accounting and bookkeeping industries are among the economy’s bright spots, according to CPA Trendlines sources.

Here CPA Trendlines reports on:

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

Overall, the U.S. economy added 295,000 jobs in January, with 51,000 of those in professional and business services. The unemployment rate fell 0.2 percentage point to 5.5 percent. READ MORE →

We’re Back! Tax and Accounting Employment Hits New High, Surpassing January 2008 Peak

It’s a 1.8 percent hike from boom times. We’ll take it.

Tax, accounting and bookkeeping employment, through January 2015
Tax, accounting and bookkeeping employment, through January 2015

The U.S. tax, accounting and bookkeeping industries have fully rebounded, surpassing the previous January 2008 peak, according to CPA Trendlines sources.

Here CPA Trendlines reports on:

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

While cheering the recovery, the new employment trends represent intensifying competition for talent, as well as clients.

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Accountants Start 2015 on Strong Hiring Trend

The best December in the last decade.

Tax, accounting and bookkeeping employment, through December 2014
Tax, accounting and bookkeeping employment, through December 2014

The U.S. tax, accounting and bookkeeping industries closed 2014 with the strongest employment trends in a decade, according to CPA Trendlines sources.

Here CPA Trendlines reports on:

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

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18 Pieces of Today’s Best Job Advice

Get certified. Apply early and often.  Join the survey; get the results.

By Rick Telberg

I’m looking over the early responses to our new CPA Careers survey and one stands out for its practicality and wisdom. This from a veteran senior finance manager at a Fortune 1000 company is, I think, 18 pieces of the best advice I’ve ever heard.

1. For the accountant who is not a CPA yet: If you’re not  a CPA already, make it a goal.

2. If you need hours, apply to every accounting firm that you could drive to or are willing to move close to.

3. Apply beginning in mid-April, after busy season, when accounting firms clean house. READ MORE →

Accounting Hiring Outpaces Economy, Hits New Record

The tax, accounting and bookkeeping services industry is cracking a new record high in persons employed full-time.

The nation’s economy as a whole added 115,000 new jobs in April pushing the unemployment down by one-tenth of one percentage point to 8.1%.

But employers in the tax, accounting, payroll, and bookkeeping industries added 2,000 new jobs last month, marking the ninth month in a row of growth for public practice, according to CPA Trendlines analysis. READ MORE →

Accounting Sector Adds 2,000 New Jobs

Even as CPA firms shrink by 1,100.

The nation’s accounting and bookkeeping sector accounted for 2,000 of the 80,000 new jobs created in October, according to new preliminary and seasonally-adjusted data from the U.S. Labor Department.

For the nation, the jobs gain pushed the unemployment rate down to 9.0% from 9.1%.

For the accounting and bookkeeping sector, October’s performance represents a third straight month of gains and a year-to-year gain of 60,800 jobs, bringing the industry’s payroll to 932,200 employees.

All Employees, October 2011
All Employees, October 2011

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Accountants’ Job Optimism Hits New Low

Index hits recessionary levels.

A leading gauge of confidence among finance and accounting professionals has hit its lowest level since early 2009.

But 61 percent are confident in the future of their current employer, up from 56 percent in the previous quarter.

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