Small firms think ‘challenges when working with the IRS’ is a bigger PITA than trying to find and retain talent according to the results of the 2022 AICPA Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey released by the AICPA this week. Via Journal of Accountancy: The IRS issue didn’t resonate only with […]
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 […]
Forty-two years ago I sat down to make an important life decision, my second in two years. The first was to go to graduate school instead of accepting a commission in the Marine Corps. The second was to join Price Waterhouse. Marriage would come later. I was the first in my family to go to […]
Here’s a fun article by Marc Rosenberg about “how totally uninformed young accountants are about CPA firms.” Now, you might think that this is one of those condescending KIDS TODAY posts, but it’s actually pretty self-aware. Rosenberg offers a picture of a profession that has an enormous perception problem, citing some pretty surprising examples. He […]
If you're a college student studying accounting, prepare your gloat face. Starting salaries for accounting and finance positions are expected to go up 3%-4.3% next year according to Robert Half's new salary guide.
A recent survey from Information Technology Alliance found that accounting firms are almost as desperate for IT people as they are accountants: “The demand for qualified IT staff within accounting firms is at an all-time high across the accounting industry,” said John Bowles, chief information officer for Dixon Hughes Goodman LLP in Charlotte, North […]
Let this serve as the inaugural post to the immensely popular sister series: KPMG v. PwC. And while Ernst & Young has been proactively adding talent via competitive poaching from Deloitte and others, to our knowledge Papa Whiskey Charlie and the Black and Yellow have not had any public personnel entanglements until today: Michael Spielman has […]
For the past year or so, we've noted the efforts of PwC to stack up its talent via "competitive poaching," mostly at the expense of its smaller rival, KPMG. During this time, people familiar with the situation have informed us that this trend has been noticed by people at KPMG with slight agitation. In one […]
As you know, the Big 4 are pretty competitive when it comes to landing the best talent. The brightest brains. The biggest, swingingest…well you know. Anyhoo, PwC has been on tear this year, luring an accounting firm equivalent of a platoon from KPMG. They’ve also managed to pick off people from Duff and Phelps and the SEC.
But now the tables have turned unexpectedly on P. Dubs. They certainly had to be wary of the likes of Deloitte, E&Y and yes, even KPMG trying to woo their partners seeking greener pastures but it’s highly unlikely they saw this coming:
WTP Advisors, an award-winning, global tax and advisory firm, announced today that it has opened a new office location in Long Beach, CA. The new site will be headed by tax expert, Jon Worden, who most recently managed PwC’s West Region International Tax Services Quantitative Solutions Team. “Jon is a terrific choice to lead WTP Advisors’ West Coast tax practice. Like all WTP directors, he has Big Four experience, combined with a drive to forge deep and lasting client relationships. His personality, talent, and ambition will represent us well with large multinational companies in this region,” says Mike Minihan, Partner and co-founder of WTP Advisors. In his new role, Worden will be responsible for serving the L.A., Orange County and Northern California markets, as well as cultivating relationships with organizations up and down the West Coast.
Or maybe they did. WTP Advisors was founded by “four PwC veterans” back in 2005 according to this Fortune blurb on the firm’s website. It also boasts that it “has retained 100% of its clients” since the founding of the firm. The clip above is also from said blurb which depicts some sort of Rumble in the Professional Services Jungle between WTP and PwC. Perhaps WTP is gunning for P. Dubs because there is some bad blood there, we don’t know (but would love to hear about it). And with only 75 employees and $12 million in revenues, they barely register on Bob Moritz’s radar but it’s clear that they can poach P. Dubs talent and they are already better at using PR to make it known than some other firms.
For those not previously aware:
A talent war is among the top concerns for both the accounting profession and their corporate clients, says Jim Henry, managing partner at PricewaterhouseCoopers in San Francisco. Even as the nation struggles with persistently high unemployment, those with the right skills and credentials are in demand. “We’re seeing a hot market for those with the relevant skills,” said Henry. “It’s a sign of the economy improving over the last 18 months.”
It’s fair to say that of all the fine accountants that participated in the E&Y video from earlier this week, none of them will be bagging a Grammy any time soon (regardless of what the E&Y bigwigs say).
That being said, there is at least one accountant out there who must decent enough pipes to garner this headline:
The Singing Accountant set to be this year’s Susan Boyle?
Not surprisingly, the young lad is a little timid:
Christopher is an accountant who lacked confidence to follow his singing dream. After years of hiding his talent, his family finally persuaded him to pluck up the courage and audition for the show.
“I’ve come to Britain’s Got Talent to audition today mainly from pressure from my parents, more than anything else. They’ve been telling me for years and years that I need to do something like this.”
If Simon Cowell says this, “I think you have a really, really good voice,” then that’s a pretty good indication that you’ve got a better than average singing voice (unfortch there’s no video at this time).
As opposed to what he might have said to the E&Y LV peeps, which we might be something along the lines of:
A) That’s the worst performance I’ve ever heard.
B) That would make my labrador howl uncontrollably for hours.
C) That explains why your pay was frozen.
D) I know Jim Turley, and when he gets wind of this, you’re all going to be fired.
E) Now I know why Lehman Brothers failed.
Now you go.