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3 reasons for the accountant shortage (and how CPA firms can attract candidates in 2023)

Accounting Insight

Several factors contribute to the shortage, like mid-career CPAs changing professions, or early retirements spurred by the pandemic. But why has the accounting profession become so unattractive? We’ve gathered three reasons for the shortage of accountants, as well as solutions for CPA firms to consider.

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Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time

AdviceForTaxpreparers

Facebook, Twitter, LinkedIn, talking directly to CPAs, accounting majors, accounting teachers, etc.). Latest posts by Bill Meador, CPA, JD ( see all ). Accounting Jokes, Videos, Puns and Humor - July 29, 2019. Learn How CPA Firms View a Gap in Your Resume - October 31, 2014. Accounting LIONs.

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AICPA Says it Has a Plan to Fix the CPA Talent Shortage

CPA Practice

One of the biggest questions currently being asked by many throughout the accounting profession is, “How can we make accounting more appealing to students?” There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years.

CPA 98
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How to Grow Expertise, Build a Stronger Career, and Develop Talent Pipelines

CPA Practice

There are several ways accounting professionals and organizations can benefit from upskilling and reskilling online — whether to prepare for the CPA exam, build cutting-edge analytic capabilities, or create a new talent strategy. In 2020, the World Economic Forum predicted a decline in accounting jobs by 2025.

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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

For many 22- to 27-year-olds, known as Generation Z, their average student debt of more than $20,000 and the lure of higher-paying Wall Street and Silicon Valley firms means the time and effort required to become a CPA doesn’t pencil out. Melancon urges accountants not to ignore tools such as ChatGPT.

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

The move would boost competition for US law firms, who are already seeing non-lawyer-owned legal operations gaining footholds in states such as Arizona and Utah that are testing new service-delivery models. Check out these remote accounting jobs at Accountingfly. So, they look to M&A with another firm to secure an exit.

CPA 98
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Friday Footnotes: KPMG Downsizes (Office Space); CPA CPA CPA; Some Good News on Diversity | 8.26.22

Going Concern

Too many firms don’t even capitalize on one of the form’s clear advantages — the ability to have a wide range of expertise in one place — to aggressively cross-sell services to a single client base; instead, they act more like a collection of individual practitioners in a WeWork space. Firm M&A. Did y’all get yours???

CPA 98