How to Start an Effective Sponsorship … and Follow Through

Woman in white office meeting with man17 specific action steps you should take.

By Ida O. Abbott
Sponsoring Women: What Men Need to Know

When you sponsor a woman, there are many steps that you can take to ensure that the relationship is productive and achieves its objectives.

MORE ON SPONSORING WOMEN FOR LEADERSHIP: 3 Ways to Initiate Informal Sponsorship | How to Establish a Sponsor-Protégée Relationship | 3 Roadblocks to Women and Men Working Together Well | Fear of Sex and Rumors Inhibits Sponsorship | Why Women Resist Networking and Powerful Role Models | Women Must See Politics as Leadership to Get Ahead | Mommy Bias Persists | Different Standards, Double Binds Challenge Women | 5 Ways Gender Bias Plays Out at CPA Firms

Here are some tips for getting off to a strong start and following through effectively, especially by focusing on career opportunities and promoting your protégée to others. READ MORE →

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.

READ MORE →

Accounting Firms Run on More than Checklists Alone

Business man pointing the text: Duplicate SuccessHow savvy firms capture their best practices and foster continuous improvement.

By Roman H. Kepczyk
Quantum of Paperless

Every firm has accountants who are 10 percent, 20 percent or even 50 percent more productive in their departments than other personnel because they have simply “figured it out.”

MORE ON TECH SPENDING: Going Paperless Means Convincing Clients First | How to Cut Tax Prep Costs with Scanners | Making Digital Tax Process Easier Is All About the Workflow | Why Firms Need Document Retention Standards | Intranet Is the Best Place for Firm Knowledge | Digital Fax Has Benefits You May Be Ignoring | Wireless Is Hot, and Here’s How to Handle It | How Safe Is Your Internet Lifeline? | New Tech Tools for the 24/7 Accounting Firm | When to Adopt Microsoft’s New Office Apps

Unfortunately, when these people leave the firm, their unique knowledge of specific processes and shortcuts goes with them. READ MORE →

5 Ways Gender Bias Plays Out at CPA Firms

business meeting of a woman and two menThe harmful impact of gender bias on women’s careers.

By Ida O. Abbott
Sponsoring Women: What Men Need to Know

Gender bias reflects entrenched beliefs and assumptions about women based on stereotypes about appropriate roles and behaviors for women.

Unconscious thoughts about the kinds of work women are and are not suited for, especially if they are mothers, remove highly qualified women from consideration for leadership opportunities and positions.

Ida O. Abbott, Sponsoring Women
Abbott

MORE ON SPONSORING WOMEN FOR LEADERSHIP: 3 Reasons Why Men Don’t Pick Women Protégées | Men Advance 2 to 1 over Women without Sponsors | 18 Ways Sponsors Can Help Their Protegees | The 6 Market Advantages of Women-Led Firms | Beyond Mentoring: Why Sponsoring Women for Leadership Matters

In the past, working women suffered overt discrimination and explicit bias. They were told outright they were not “fit” for certain jobs, were too emotional and unreliable to be given responsible roles, and were taking the place of men who needed to support families. Sometimes the bias was ostensibly intended to “protect” women and occasionally it was hostile. But it was out in the open and women understood the barriers they faced. READ MORE →

Partner Aging Strikes Smaller Firms the Hardest

older man and younger man in meetingAs partners work longer, average partner incomes decline.

The aging in the partner ranks of the CPA profession is by far most prominent at  smaller firms, according to the most recent edition “The National MAP Survey of CPA Firm Statistics.

At firms with less than $2 million in fees, the percentage of partners over the age of 50 has risen to a startling 73.3 percent, up from 65.4 percent last year.

And at firms with fees of $2 million to $10 million, the number has risen to 66 percent from 65.3 percent. READ MORE →

3 Reasons Why Men Don’t Pick Women Protégées

Woman and Man Working with CalculatorWhen leadership models are male, sometimes female candidates go unrecognized.

By Ida O. Abbott
Sponsoring Women: What Men Need to Know

Let’s assume a powerful man works with two junior colleagues, a man and a woman, who are both equally talented, motivated and superbly skilled performers. According to what we know from research and experience, that powerful man is more likely to sponsor the man than the woman.

MORE ON SPONSORING WOMEN FOR LEADERSHIP: Men Advance 2 to 1 over Women without Sponsors | 18 Ways Sponsors Can Help Their Protegees | The 6 Market Advantages of Women-Led Firms | Beyond Mentoring: Why Sponsoring Women for Leadership Matters READ MORE →

Accounting Salaries to Rise 3.5%

RHPublicAccountingSalaryChart2Top trends: Flexible staffing, retention challenges.

Accounting and finance professionals can expect starting salaries to rise an average of 3.5 percent in the coming year, according to a study from a leading staffing services company.

Creative and marketing professionals are on the same pace, while information technology workers lead the work force gains at an anticipated 5.7 percent overall increase. Overall, U.S. starting salaries for professional occupations are projected to increase an average of 3.8 percent next year. READ MORE →

Tax and Accounting Industry on Hiring Binge

Profession adds 1,400 new jobs in latest month.
Next question: Who’s hiring; who’s not. Join the survey; get the answers.

By CPA Trendlines

Jennifer Dizon
Dizon

With practitioners across the country reporting strong demand for new hires, the nation’s tax, accounting and bookkeeping industries added 1,400 new jobs last month, with some sectors marking new highs for 2014 and approaching the pre-crash peak six years ago.

Jennifer Dizon, an audit and advisory partner at Hood & Strong’s San Jose, Calif., office, tells CPA Trendlines her firm is looking to hire.

“We need more staff to service business growth,” says Dizon, who is also the newly elected state chapter president of the National Association of Women Business Owners.

Terri Ryman
Ryman

In Elkhart, Kan., enrolled agent Terri Ryman at Southwest Tax & Accounting says the office is “getting busier.” She “can’t keep up.”

In Northridge, Calif., Gene Wechsler at Wechsler Accountancy reports a similar trend. “The firm continues to grow at the rate of 1 to 2 new clients per week.”

Needs vary though. “We need an additional tax preparer and accountant for small business monthly work,” says one of the owners of a seven-person firm in Prescott, Ariz., which is “currently advertising for an accountant/tax preparer.”

Marc Hutchinson
Hutchinson

In Bellevue, Wash., managing partner Marc Hutchinson at the six-CPA Bashey, Hutchinson, & Walter reports, “We need experienced accountants, and ones that can take over the firm’s clients over the next 10 years.”

In this study, CPA Trendlines reports on:

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

The CPA Trendlines Careers and Hiring Outlook
Join the survey; get the results.

READ MORE →