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Managing stress for tax professionals

ThomsonReuters

Long hours and heavy workloads are nothing new for many accounting professionals. The high levels of stress associated with accounting careers may help to explain why fewer students are entering the industry and more professionals are leaving it, trends supported by data from the AICPA and the Bureau of Labor Statistics.

Tax 71
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Accountants Are the Referees of Business, Says Guy Who Would Know

Going Concern

. “Without accounting and without finance, there are no rules to the game. It’s like playing a game, and you make up your rules as you go along. ” To combat shortages, those in the accounting industry are working to attract more people to the field. It keeps the system honest.”

Account 104
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Friday Footnotes: CPA Exam Scares Accounting Majors Away; EY Loses Fees in China | 5.12.23

Going Concern

Talent Why Graduates Aren’t Hot on Accounting Careers: Low Starting Pay, Onerous Testing [ Wall Street Journal ] For Connor Verrett, an economics major and entrepreneurship minor at Washington & Lee University who expects to graduate this month, that roadblock was among the factors he considered in eschewing an accounting career. “It

CPA 109
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AICPA & CIMA Launch AI-Guided Tool for Students Pursuing Careers in Accounting and Finance

CPA Practice

The AI-driven mock interview in Module 6 is truly a game changer, allowing future accounting and finance professionals to practice their interview skills and fine-tune them by receiving instant Intelligent feedback.”

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Sioux Falls CPA firm marks century in business [ SiouxFalls.Business ] The fourth-generation Sioux Falls firm Nelson & Nelson CPAs celebrates 100 years in business, providing tax, accounting, payroll and bookkeeping services. And part of the plan includes tailgating at football games. to 1,249 partners and staff.

audit 108
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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory.

audit 109
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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

Trump Organization found guilty on all counts of criminal tax fraud [ CNN ]. As Grant Thornton continues to embrace a flexible approach to the future of work, our Orlando space provides the amenities our people need to focus and collaborate in an office setting,” said Olivardia, who is also the firm’s Florida Tax partner in-charge.

CPA 95