Get ready for a whole new generational shift in the workplace. As we tiptoe into a new era in technology, the emergence of Generative AI and Gen Alpha (born from 2010 onwards) is set to redefine the workplace landscape. 🌅 This powerful combination of AI and Alpha will revolutionize how we work, learn, and collaborate, ushering in a new age of productivity and [...]
As companies continue the RTO and hybrid work trend, is the sun setting on “hot desking”? 🌅 The trend of hot desking, where employees do not have assigned desks and instead use any available workspace, has been a popular strategy to promote collaboration, flexibility and efficient use of office space 🏢. However, recent shifts in return-to-office strategies have prompted some companies to reconsider [...]
🎆Fourth of July week and it’s been a hot summer here in Central Florida. What’s hot in CPAland? Recruiting and retaining talent – shocker. ⚡ The AICPA's recent PCPS CPA Firm Top Issues Survey, unveiled at ENGAGE 2024, highlighted that finding qualified staff remains the most pressing concern for accounting firms, excluding sole practitioners. Firms with 2 or more employees overwhelmingly cited staffing [...]
🔍 As we all know, the CPA profession faces a shortage of new CPAs and accounting graduates. A current shortage as well as a pipeline shortage. Last year the AICPA commissioned the National Pipeline Advisory Group (NPAG) to study this shortage and provide recommendations for enhancing the CPA pipeline. The NPAG is comprised of 22 professionals who are CPAs and accountants in the [...]
In spite of the CPA shortage, we seem to be in one heckuva growth era for public accounting firms. Accounting Today released its annual “Top 100” ranking issue for International, National and Regional CPA firms. The overarching theme is definitely – Growth. Revenue Growth, Service Offering Growth and yes – Employee Growth. 📈 All this on top of a banner year in 2022. [...]
The questions continue from both sides of the desk. What is the most prevalent or trending work model? In the office, remote work and hybrid models seem locked in a tug-of-war for the future of many professional lives. All three have their ardent supporters and fierce critics, leaving employees and employers alike all scratching their heads. According to a recent survey by software [...]
With all the recent news of tech layoffs, one wonders if other industries are being impacted. Turns out – public accounting is being impacted and at the highest levels. 📉The ground tremors felt recently in the accounting world weren't just metaphorical – they were the echoes of a significant shift unfolding within the Big Four. The Wall Street Journal's December report of "Big [...]
Get ready CPA candidates, the test has changed! Starting in 2024, the CPA exam has undergone a major transformation, shifting from a one-size-fits-all approach to a core-plus-discipline model. What does this mean for you? If you’ve been too busy to look into it, here are some details with potential fallout: What's Different? 👋🏻 Goodbye, Four-Test Marathon: Say farewell to the grueling four-exam gauntlet. The new [...]
🕵🏻Tell me about yourself. It’s one of everyone’s favorite interview questions and one I role play frequently with candidates. 🌟 Mastering the "Tell me about yourself" question is essential for making an engaging first impression. In a recent article in The Muse, Stav Ziv provides interesting ideas and examples to help you shine during this critical moment. Here are four key takeaways to [...]
Everyone in the CPA industry is aware of the shortage of accountants. It’s a pretty straightforward problem – but let’s look at some numbers and trends. 📈 There are a few factors contributing to this shortage. One is the aging workforce. According to the AICPA, almost 75% of the CPA workforce met the retirement age in 2020. So how about retention? 🏫 A [...]