Pay

Coming Soon: New Ways to Pay the IRS

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Person using credit card to pay bill onlineImprovements will be made over four years.

By CPA Trendlines Research

Americans are used to paying for things online, over the phone, through bank transfers, with automatic renewals, with credit cards, digital wallets and checks in the mail, not to mention a variety of specialized banks, such as PayPal and Venmo, and even good ol’-fashioned cash.

MORE: IRS to Speed up Issue Resolution | IRS Sets Milestones for Radically New Service | IRS Promises 12 Customer Service Initiatives | Should Tax Preparers Be Certified Competent? | IRS: Let the Sun Shine In … and Out | IRS Has Big Plans for Its $80 Billion | Can’t IRS Tax Pro Accounts Do More? | Hello? IRS? Anybody Home? | Taxpayer Assistance Centers Need Upgrade | At the IRS, Short on Staff Means Short on Service
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To the frustration of millions of American taxpayers, the Internal Revenue Service, until recently, has accepted payments only with 19th-century technology.
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CPA Firm Wages Surge 9%

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In payroll, employment is up, but earnings are down.

By Beth Bellor
CPA Trendlines Research

Want an easy way to make employees happy? Give them more money – and that’s just what’s happening in the latest jobs report.

MORE: Accounting Staffs Grow 4%; Pay Rates Surge 8% | Headcounts Grow 5%; Pay Rates Surge at 7% Pace | 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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Except for payroll services, all tax and accounting sectors are seeing higher earnings year over year. Overall pay was up 6.7 percent, with CPA firm staff pay close behind at 6.6 percent. CPA firms beat the national 7.7 percent inflation rate, increasing hourly earnings by a heady 9.2 percent.
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Accounting Staffs Grow 4%; Pay Rates Surge 8%

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Weaker signs in tax and payroll.

By CPA Trendlines Research

It’s not a bad time to be an accountant.

The accounting sector is charting stable, predictable expansion in an uncertain economic environment, with some signs of weakness in tax prep and at payroll agencies, according to a new CPA Trendlines study.

MORE: Headcounts Grow 5%; Pay Rates Surge at 7% Pace | 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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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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Headcounts Grow 5%; Pay Rates Surge at 7% Pace

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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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Firms Battle Staff Shortages with Pay Hikes

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Except at payroll agencies, where wage gains are dipping.

CPA firm wages: Up 9.8% from a year ago.

By Beth Bellor

Let’s talk about earnings, because the latest national data shows some good news on that front. Hourly earnings in the accounting profession have nudged above $39 for the first time, to $39.09, up 81 cents or 2.1% for the month and $2.48 or 6.8% for the year.

MORE: Tax & Accounting Firms Beef Up Wages and Headcounts | CPA Hiring Rises as Number of New Grads Continues to Decline | Staffing Crisis: 40% Are Looking for New Jobs

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Another new high came at CPA firms, where they topped $41 for the first time at $41.61, up $1.23 or 3% for the month and $3.70 or 9.8% for the year. Staff at CPA firms followed the trend with $31.84, up 53 cents or 1.7% for the month and $2.02 or 6.8% for the year.

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