August 10, 2022

talent shortage

Where TF Is the IRS Supposed to Find 87,000 Agents?

While various factions bicker over the Inflation Reduction Act, we have one question: where is the IRS supposed to find 87,000 agents!? In case you haven’t heard or seen your aunt sharing Impact font memes about it, Senate Democrats want to throw some cash at the IRS (among other things not getting into here): The […]

Don’t Be Surprised to See Accounting Firms Aggressively Merging in the Next Year or Two

Have you heard? There’s an accountant shortage! This is probably coming as a shock to you but it’s true. Firms are trying all sorts of tricks to find and retain talent but the problem may be deeper than not having the right set of perks but rather an actual shortage of qualified talent. This issue […]

Letter to the Editor: Small Firms Are Suffering in This Market, Does Anyone Care?

We received the following from a small firm owner who is suffering under the weight of talent shortages, massive workloads, and hoards of would-be clients shopping around because their accountant (rightly) raised their fees. What’s a small firm to do? I have a small firm in [redacted]. I have been reading constantly about how the […]

The Audit Profession’s Inability to Retain Talent Poses a Serious Threat to Audit Quality

Just about every employer in corporate America is singing the blues about talent shortages caused by the Great Reset and the Great Resignation. However, these effects are not being felt uniformly across all businesses. Those employers with a history of mismanaging their human capital, like the largest audit firms, are being hit the hardest. The […]

a man in a suit pointing

If Y’all Keep Quitting Your Jobs Like This You’re Going to Break the Economy

Before we get into the meat and potatoes of this article on Bloomberg Tax, I just want to call out the photo they used for the header. “Paraphernalia” got a chuckle out of me. OK so everyone and your mother knows by now that public accounting firms are struggling with a talent shortage. Regardless of […]

How Many Non-Auditors are Getting Pulled Off the Bench to Do Inventory Counts This Year?

Hello and Happy post-Christmas Monday, everyone. Quick show of hands (let’s just pretend I can see them through the screen OK?), how many of you NOT in audit have been pulled off the bench to do inventory counts this week? We’re hearing some grumblings of tax people being thrown into the gauntlet and thought it […]

PwC Manager Believes Associates and Senior Associates Are Going the Way of the Dodo Bird

Hey, I don’t know if you’ve heard but there’s a pipeline problem in public accounting right now. Seems some people finally got the memo that long hours and low pay isn’t worth the prestige of putting “worked at [INSERT BIG 4 FIRM NAME]” on their resumes anymore. And then there’s that other problem: those who […]

What Exactly Is the Profession’s ‘Pipeline Problem’ and Why Should You Care?

I realized the other day while halfway through typing out a rambling sentence that barely had anything to do with accounting in a separate post that I’ve written about the profession’s pipeline problem several times over the last few months but hadn’t ever really defined it. I’d reference back to things here and there but […]

More People Quit Their Jobs In April Than Ever In Recorded History

Have you heard? They’re calling it “The Great Resignation.” Gee, if only there were a way to get people to stay! Guess they’ll have to bring in some consultants to tell them this is millennials’ fault somehow and can easily be fixed with a few recycling bins and Jeans Friday.

F*ck the Firms, It’s Your Show Now

Several weeks back I had an early morning appointment halfway across town and though I usually bike everywhere, I decided I didn’t feel like working up a sweat at 7:30 a.m. so I called an Uber. Rather, I attempted to get an Uber, however not a single vehicle was on the road. I live in […]

Groundhog in grass

Yes There Is Still a Talent Shortage, and Yes We’re Tired of Discussing It

As far back as I can remember, we have been discussing talent shortages within the accounting industry. My former esteemed colleague Colin (RIP bro) once referred to it as Groundhog Day, in that it felt like every other morning we woke up and wrote a story about it. I even put a considerable amount of […]

accounting talent salary bonus

Want to Find and Keep Quality Accounting Talent? Pay Them More, Already

Smiles and handshakes will ensue. The AICPA’s mega report on the supply of accounting graduates and demand for accounting recruits will be out any day now. If the CPA robots have proliferated to a far greater degree than anyone could’ve thought, then that will be bad for lots of you. However, I believe we’ll learn […]

Audit Committee Members Hard To Come By These Days

Apparently companies are having trouble finding people who want to serve on an audit committee. Candidates probably lose interest once they hear about all the boring reading that's required. [WSJ]