Pay

Trump Trial: A Case Study in Accounting?

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Could some good accountants have spared the nation its hush money trauma?

By CPA Trendlines Research
Analysis and Commentary

The Donald Trump case involving hush money payments indeed centered around accounting practices and the legal implications of how these transactions were recorded. The payments in question, made to silence allegations of extramarital affairs, were scrutinized for potential violations of campaign finance laws and business records.

A CPA Trendlines analysis of generally accepted practices and the professional literature demonstrates the grave lapses that led to felony convictions and the essential role good accountants and honest accounting must play in the executive suite.

The lessons – and risks – for accountants are painfully clear.

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Disruptors: Nicole Davis & JW Davis Show How to Create Your Own Pipeline

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Change your business model, change your life.

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The Disruptors
With Liz Farr

What would an accounting firm look like if you had never worked in public accounting? Because Nicole Davis, CPA, and JW Davis, a registered investment advisor, didn’t follow the traditional path to firm ownership. They reimagined what a firm could look like, starting from a blank canvas instead of the regimented, structured, paint-by-numbers design of traditional accounting firms.

MORE PODCASTS and VIDEOS: Dawn Brolin: Grow Your Firm By Shrinking It |Jason Blumer & Julie Shipp: Move Leaders Out of Client Service | James Graham: Drop the Billable Hour and You’ll Bill More | Karen Reyburn: Fix Your Marketing and Fix Your Business | Giles Pearson: Fix the Staffing Crisis by Swapping Experience for Education | Jina Etienne: Practice Fearless Inclusion | Bill Penczak: Stop Forcing Smart People to Do Stupid Work | Sandra Wiley: Staffing Problem? Check Your Culture | Scott Scarano: First, Grow People. Then Firm Growth Can Follow |

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Nicole is the founder and principal of Butler-Davis Tax & Accounting in the Atlanta area, while JW is the CEO.

Like many Disruptor-led firms, JW explains that ”one of the really big things we focus on was work-life balance.” Nicole adds, “If your culture is one of stress and long hours, then you really need to rethink your business model.”

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Payroll Leads Job Gains in Tax & Accounting Sector

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line chart
Overall accounting profession employment

 

Everyone is earning more this month, and most downs are slight.

By Beth Bellor
CPA Trendlines Research

The tax and accounting profession is not a bad place for job seekers, it seems. A new analysis by CPA Trendlines shows a lot of up notes, including some in the double digits.

MORE ON JOBS: Let Interns Fix the Staffing Shortage? | Accountants Bullish Locally, Bearish Nationally | Accounting Hiring Hits Another High | Compensation’s Up, but Up Enough to Retain Staff? | Staff Wages Hit Record High | Despite Staffing Crunch, Firms Freeze Pay Raises | Tax & Accounting Firms Grow for 9th Straight Month | Tax & Accounting Profession Grows, but Wages Don’t
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New highs are coming in:

  • The accounting profession overall
  • Staff earnings
  • Payroll staff
  • Payroll staff earnings
  • Women overall and in CPA firms

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Tax Chat: Eric Green Reveals The Tax Rep Guide to Tax Season

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Seth Fineberg
With Eric Green

Renowned tax attorney Eric L. Green delivers a roadmap for seizing tax resolution opportunities this tax season in the new video from last week’s first Tax Chat of the year, hosted by Seth Fineberg.

MORE TAX SEASON: FTC Nails TurboTax for ‘Free Filing’ Scam | | Offer Your Tax Clients Other Services |  Higher Fees to Start: Ten Ways to Make Your Tax Season Better | Tax Pros Handle 37.7% of E-filings | If Only the IRS’s Tax Pro Were Useful | Can Your Tax Reviewers Answer These 10 Questions? | Tax Pros File 33% of Early Returns | Can’t IRS Online Accounts Be More Useful?

In this live webinar, attendees – and now you – get the fundamentals for catching lucrative tax rep engagements without adding to busy season workloads. With live, real-time Q&A, everyone’s questions got answered.
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Despite Staffing Crunch, Firms Freeze Pay Raises

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line chart
Average hourly earnings of all employees in the accounting profession. Hint: Don’t show this chart to recruits.

 

Millennials say compensation isn’t the most important thing. Employers say, “Heard.”

By Beth Bellor

Suppose you’re a leader in a field that has fretted for months over staff shortages. Would you put on your thinking cap, plug it in for a while and come up with… frozen pay?

MORE: Tax & Accounting Firms Grow for 9th Straight Month | Tax & Accounting Profession Grows, but Wages Don’t | Tax and Accounting Pay Advancing at 5.9% Pace | Accounting Jobs Up 4% for Year
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Strangely enough, that’s what the latest tax and accounting profession earnings data show. Compared to previous months, the trend is stagnant or even down. The only bright spot was in payroll services staff, which also added bodies – but cut hours.

(How’s that song go? If it weren’t for bad luck?)
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