ThomsonReuters

MAY 15, 2023

Working in the tax and accounting industry can be a stressful job. With long hours, tight deadlines, and pressure to deliver results, it can be hard to achieve a work-life balance. Tax and accounting firms need to ensure that the mental health of their employees is taken seriously.

Account 137

Account accountant accounted Technology 137

Insightful Accountant

MARCH 18, 2024

Implementing a four-day workweek can boost productivity by 77%, improve work-life balance, reduce absenteeism, and save costs. However, it requires careful planning and execution, which may seem daunting in busy accounting and tax practices.

Tax 105

Tax business accounting Account accountant 105

Going Concern

AUGUST 29, 2023

So a guy named Brian Kelleher who works for the hilariously named FML CPAs has written an opinion piece for the Hartford Courant entitled “Opinion: Accounting is a fantastic career — despite common misconceptions.” I’m involved in recruiting for one of the largest accounting firms in Connecticut.

Account 99

Account accountant accounted public accounting 99

CPA Practice

APRIL 9, 2024

Let’s face it, the accounting profession has developed a bad reputation – toiling through long hours chained to a desk, crunching numbers, deciphering archaic tax codes and grinding out tedious tasks, all for lower starting pay and heavy licensing requirements. Compounding the problem is the increased demand for accountants.

cpa firm 122

cpa firm CPA Technology Legal 122

ThomsonReuters

MAY 15, 2024

Stress management is crucial in any workplace, especially in the field of accounting where professionals often face high-pressure situations and tight deadlines. In this blog post, we will explore key strategies for stress management in the accounting workplace. This technique enhances focus and productivity while minimizing stress.

Account 52

Account accountant accounted tax return 52

Canopy Accounting

JULY 21, 2023

As the accounting industry evolves rapidly, so do the demands on accountants. The relentless pressure to meet deadlines, manage financial complexities, and adapt to technological advancements often takes a toll on their work-life balance.

Account 98

Account accountant accounted Technology 98

Going Concern

APRIL 15, 2024

This morning, Vault released its mildly anticipated 2025 Best Accounting Firms to Work For list and it should be no surprise that PwC has swept the category of Best Accounting Firm for the gazillionth year in a row. Not on the top ten, not on the Vault Accounting 25 at all. Look at you, EY!

accounting firms 99

accounting firms Account accountant accounted 99

CPA Practice

MAY 18, 2023

From the Thomson Reuters Tax & Accounting Blog. Working in the tax and accounting industry can be a stressful job. With long hours, tight deadlines, and pressure to deliver results, it can be hard to achieve a work-life balance. How can technology help accountants’ mental health?

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. But where do you begin? Let’s take a look. Reflect on your current tax workflow. Detect inaccuracies.

Technology 112

Technology Account accountant accounted 112

Going Concern

FEBRUARY 16, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. public accounting firms, however, turnover has continued to increase.

Real Estate 102

Real Estate Iowa audit CPA 102

ThomsonReuters

AUGUST 1, 2023

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week. Respondents said they would prefer to average 40.6

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

MAY 17, 2024

Human resource (HR) and payroll professionals play a crucial role in implementing strategies and leveraging data-driven insights to foster a positive work environment and mitigate attrition risks. HR and payroll teams play an essential role in fostering a positive workplace culture that prioritizes a work-life balance.

payroll 52

payroll Tax Account accountant 52

Airbase

MARCH 2, 2023

We all know the story: women and minorities are underrepresented in top finance and accounting roles, and even though their representation has grown, a yawning gap persists within senior positions and salaries. Female accountants and auditors now outnumber their male counterparts. We’ve come a long way in 124 years.

Finance 130

Finance accounting and finance Gaming auditor 130

CPA Practice

JUNE 14, 2023

Does this match your perception of what it means to work in accounting? Or the experiences that may be driving accountants out of the profession? A Different Definition of Success The idea of a “lifestyle” accounting firm is not a new one — lifestyle models have been around for a long time.

Technology 120

Technology Florida bookkeeping AP Automation 120

Going Concern

APRIL 19, 2023

Vault has announced its much-loved Accounting 25 list today and it should come as no surprise that PwC has once again topped the list, making it 11 years in a row at the top for P. PwC is widely considered to be the world’s most prestigious and progressive accounting firm (that’s Vault’s language, not ours.

Account 109

Account accountant accounted forensic accounting 109

Going Concern

OCTOBER 19, 2023

“The number-one trend is that the candidate is in complete control…because the unemployment rate is lower in accounting and finance than it’s ever been.” Accounting and Finance Profession study released a few days ago, a collab between IMA and Robert Half (and about two dozen research partners, mostly state societies).

Account 128

Account accountant accounted accounting and finance 128

CPA Practice

APRIL 19, 2024

And yes, many say compliance work is going away, but ask if that is true for your practice. The accounting profession faces a significant talent shortage, with many firms struggling to find and retain qualified staff. Solutions : Provide growth opportunities: Foster a positive work culture.

Technology 73

Technology cpa firm CPA Non-Profits 73

SMBAccountant

SEPTEMBER 23, 2020

The useful life, or amount of time the asset should be useful to the company, must be greater than one year and be greater than the established corporate limit. Most companies set a threshold in their accounting policies to avoid wasted time and effort on immaterial or low cost items. Fixed assets are recorded on the balance sheet.

Government 170

Government Account accountant accounted 170

CPA Practice

OCTOBER 20, 2023

Accounting and finance professionals in the U.S. are leaving their jobs at a significant rate, with millennials and Generation Z leading the exodus, according to a new report from the Institute of Management Accountants (IMA) and staffing firm Robert Half. More than one in 10 accountants in the U.S.

Account 120

Account accountant accounted accounting and finance 120

Accounting Insight

MARCH 8, 2024

Many cite challenges such as growth, work-life balance, and operational efficiency. With this approach, not only can she charge for the work she does, but more importantly, she can recover her fees. The post Empowering Bookkeepers: A Feminist Perspective appeared first on Accounting Insight News.

bookkeeping 59

bookkeeping Technology accounting and finance Finance 59

Insightful Accountant

APRIL 17, 2023

FloQast’s Controller’s Guidebook series found that 63% of those considering a change may leave accounting entirely as teams work to recalibrate work-life balance.

Account 94

Account accountant accounted 94

Withum

MAY 11, 2023

The survey questions focus on multiple categories taking into consideration both prestige and quality of life. Withum’s internship program gives individuals the opportunity to explore the accounting profession and find the best career path for them. Learn more about joining the Withum team.

Account 98

Account accountant accounted 98

Canopy Accounting

JANUARY 31, 2024

Dawn Brolin, CEO of Powerful Accounting provides valuable insights into achieving success and work-life balance in the accounting profession. She encourages accountants to prioritize mindset, set boundaries, embrace technology, and cultivate relationships with clients for long-term success.

Account 59

Account accountant accounted Technology 59

CPA Practice

MARCH 6, 2023

From tight deadlines to too much work, achieving work-life harmony during the busy season can be challenging. It just so happens that a lot of the time, we can call our stress work. It just so happens that a lot of the time, we can call our stress work. Effective Strategies for Managing Stress in the Busy Season.

audit 127

audit CPA Tax income tax 127

Going Concern

APRIL 22, 2024

Those of us who’ve worked or even simply seen behind the curtain of audit know the things he points out to be true — assurance is reasonable not absolute , financial statements are the responsibility of management not auditors, “finding fraud” is not the ultimate goal of audits — but do investors?

audit 110

audit auditor financial statements Education 110

CPA Practice

APRIL 15, 2024

It’s also the day career website Vault.com typically releases its latest ranking of the 25 best accounting firms to work for. Vault’s ranking for 2025 came out Monday morning, and for the 12th straight year, PwC was named the top accounting firm in the U.S. in 2020 , 3.6% in 2021 , and 9.3% KPMG (3) 3. EY (25) 4.

accounting firms 59

accounting firms top accounting firms Account accountant 59

Going Concern

JANUARY 10, 2024

CPA Trendlines says it’s a “big ouch” for firms putting in work (and marketing costs) into bringing clients in only to have to turn them away. Career Center Clients Industry Trends and you thought your work life balance sucked Burnout Not this shit again Survey says. talent shortage

CPA 103

CPA Account accountant accounted 103

Going Concern

MARCH 31, 2024

The intro paragraph reads: In tiktok parlance, “accountant” is code for a sex worker. The American Institute of Certified Public Accountants (aicpa), the profession’s main trade group in America, has a TikTok feed laden with career tips and young accountants (the real sort) living their best professional lives.

Account 67

Account accountant accounted public accounting 67

CPA Practice

AUGUST 22, 2023

A global accounting industry survey of more than 6,000 accountants and auditors conducted earlier this year revealed the No. Like most sectors, the accounting industry is feeling the effects of the shift in the labor market as workers quit their jobs in search of better roles and greater job satisfaction. By David Osborne.

Account 95

Account accountant accounted auditor 95

CPA Practice

MAY 3, 2023

The two biggest headlines coming out of Vault’s rankings of the best accounting firms for 2024 were PwC taking the “Best Accounting Firm to Work For” award for the 11th straight year and Deloitte ending PwC’s 14-year run as “Most Prestigious Accounting Firm.” Work-life balance Plante Moran Schellman & Co.

forensic accounting 106

forensic accounting Account accountant accounted 106

CPA Practice

APRIL 5, 2023

And most importantly for accountants, how can it help us do our jobs more efficiently and effectively? For an overview of LLMs, we asked ChatGPT itself: Query: “Tell me how large language models work in four sentences or less.” So how can an LLM like ChatGPT help create functionality and automation within an accounting environment?

accounting firms 135

accounting firms Account accountant accounted 135

Going Concern

APRIL 3, 2024

Remember a couple years back when people started talking about return-to-office and a year or so after that when Big 4 accountants everywhere asked how their firms could require them back in the office given so many of them had downsized office space during the pandemic?

Government 99

Government Account accountant accounted 99

Accounting Insight

APRIL 4, 2024

Accountants and bookkeepers can now look ahead to the new tax year. Knowing what technology to use, however, may be harder to work out: last year, a global survey of professional accountants revealed 42% said “they are overwhelmed by the sheer pace of technological change”. The end of the tax year often begins with relief.

Technology 59

Technology bookkeeping bookkeeping software Tax 59

Going Concern

MAY 2, 2024

This report aims to guide accounting firm leaders towards effective strategies that we believe, when properly implemented, will enhance both retention and firm performance.” See: Job Security Isn’t Enough to Keep Many Accountants From Quitting from Wall Street Journal (published Sept.

cpas 62

cpas Pennsylvania Technology CPA 62

CPA Practice

FEBRUARY 23, 2024

Accounting firms and departments face continuous pressure to attract and retain talent due to a persistent shortage of qualified professionals to do the work. The opportunity to work in tandem with advanced technology also provides and finetunes digital skill sets that have become necessities to the profession.

Technology 76

Technology cpas CPA public accounting 76

CPA Practice

JANUARY 9, 2024

The Indiana CPA Educational Foundation recently conducted a comprehensive survey of college accounting and business students to better understand their interests, influences, career aspirations and work expectations. Key Finding #1: Work or internship experience has the most significant influence on career choice. While 39.5%

Indiana 52

Indiana Education CPA public accounting 52

CPA Practice

OCTOBER 10, 2023

The demand for skilled tax practitioners in the accounting profession has never been more critical. This surge in demand for CPA services comes at a time when experienced public accountants are exploring alternative career options, and fewer graduates are entering the profession. By Richard Lavina and Ralph Carnicer.

Technology 106

Technology accounting firms Account accountant 106