In spite of the CPA shortage, we seem to be in one heckuva growth era for public accounting firms. Accounting Today released its annual “Top 100” ranking issue for International, National and Regional CPA firms. The overarching theme is definitely – Growth. Revenue Growth, Service Offering Growth and yes – Employee Growth. 📈 All this on top of a banner year in 2022. [...]
Get ready CPA candidates, the test has changed! Starting in 2024, the CPA exam has undergone a major transformation, shifting from a one-size-fits-all approach to a core-plus-discipline model. What does this mean for you? If you’ve been too busy to look into it, here are some details with potential fallout: What's Different? 👋🏻 Goodbye, Four-Test Marathon: Say farewell to the grueling four-exam gauntlet. The new [...]
My folks are in town this week. So it got me thinking about the influence of parents on our lives. To that end, I certainly didn’t have to look very far to find where Gen Z’ers parents are influencing their careers. They are showing up with their kids to job interviews! Huh? This is really a thing? Is it acceptable? After 30 years [...]
The accounting profession faces a critical challenge: declining enrollment in accounting programs and a shrinking pool of CPA candidates. This trend raises concerns about the future workforce and the profession's ability to meet growing demand, especially in light of potentially stagnant compensation structures. Key findings from recent studies include: ⬇️ Enrollment Decline: According to the AICPA, the number of accounting bachelor's and master's degrees [...]
🕵🏻Tell me about yourself. It’s one of everyone’s favorite interview questions and one I role play frequently with candidates. 🌟 Mastering the "Tell me about yourself" question is essential for making an engaging first impression. In a recent article in The Muse, Stav Ziv provides interesting ideas and examples to help you shine during this critical moment. Here are four key takeaways to [...]
Everyone in the CPA industry is aware of the shortage of accountants. It’s a pretty straightforward problem – but let’s look at some numbers and trends. 📈 There are a few factors contributing to this shortage. One is the aging workforce. According to the AICPA, almost 75% of the CPA workforce met the retirement age in 2020. So how about retention? 🏫 A [...]
Your confidential search for the next step in your career is moving right along. 🤫 Interviews are going well, and you’re headed into the final steps. Then the recruiter asks for references. Gulp. How am I going to do that – this is supposed to be confidential? Statistics vary but different studies show up to 80% of employers check references before making a [...]
Here we go. Ready for a new workplace term? I’ve got you covered. The new term making the rounds is “coffee badging”. ☕This is a new trend where employees go into the office (badge in) for a brief period of time, usually to grab a coffee, show their faces around, socialize with coworkers and then leave. This trend is becoming increasingly popular as [...]
Meetings are a necessary part of work, but they can also be a major time suck. According to Zippia, the average American spends 3 hours per week in meetings and 30% of workers say they spend over 5 hours per week in meetings. 🤯 A few other quick meeting stats from the same study: ⏳In the US there are approx. 55 million meetings [...]
Welcome to CPA-land. Deadlines, deadlines, deadlines. Quarter end & Year end for our audit friends. 3/15, 4/15, 9/15, 10/15 (& this year 2/15) for our tax friends. Not to mention deadlines and accountabilities for other service lines. But where does it all lead? According to a recent report on PRNewswire, the public accounting industry is facing an epidemic of burnout, with statistics revealing [...]
