Remove 2031 Remove accountant Remove cpas
article thumbnail

Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23

Going Concern

Here’s a rundown of accountant-client privilege vs. attorney-client privilege as explained by a tax lawyer. There’s a misconception that it’s a dry accounting exercise, but ultimately tax law is a very rich moral discussion,” he says. The median annual salary for CPAs was $77,250 in May 2021. As seen on r/accounting.

CPA 104
article thumbnail

Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CPAs to Clients: The IRS is Coming for Cryptocurrency

CPA Practice

The IRS’s strategic operating plan for 2023 through 2031 lays out the agency’s intention to ramp up enforcement action related to digital assets, according to Green Tree, PA-based accounting firm H2R CPA. The IRS is looking for unreported assets,” said Lucas Rihely, a tax partner at H2R CPA. And that’s just the beginning.

cpas 98
article thumbnail

Extending Outsourcing Contracts Can Alleviate Shortage of CPAs

CPA Practice

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. pre-pandemic to 62.1%

cpas 69
article thumbnail

AICPA Foundation Accepting Applications for CPA Exam Scholarships

CPA Practice

The AICPA Foundation , established in 1922 to advance accounting as a learned profession and promote its future, is offering more than $75,000 in scholarships for CPA Exam candidates and college accounting students. The CPA Exam Scholarship is available to U.S.

CPA 52
article thumbnail

Friday Footnotes: PwC Slashes Partner Class; Accounting Firm Rescues Dog; Do We Still Need CPAs? | 4.19.24

Going Concern

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. The Big Four accounting firm is considering adding about 85 U.S.

cpas 103
article thumbnail

How Offering Financial Planning Can Enhance Your Credibility as an Accountant

CPA Practice

If you’re an accountant looking to improve your credibility and attract new clients, offering financial planning services can help. According to the American Institute of CPAs, the demand for financial planning services is at an all-time high. By John Graziano, CFP®. In fact, the U.S. The demand for financial planning is clearly there.

Account 105