Elena M.

🔍 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 profession.💼 NPAG offered six draft recommendations to restock the talent pipeline. The NPAG's data-driven & inclusive approach hopes to bring about meaningful & long term change. From reshaping education to enhancing the employee experience, their recommendations aim to address critical challenges. NPAG's first recommendation focuses on addressing the time and cost of education. They propose three concepts emphasizing competency over academic experience, potentially revolutionizing CPA licensure requirements. 🎓💰 The second recommendation suggests making academic experiences more engaging. NPAG endorses efforts to retool introductory university courses and improve support for students progressing into more challenging coursework. 📚👩‍🏫 Enhancing the employee experience is another priority, with NPAG highlighting the need for competitive starting salaries and manageable workloads. They urge employers to make tasks more interesting and advancement opportunities clearer. 💼💡 NPAG stresses the importance of prioritizing strategies to expand access for underrepresented groups, advocating for targeted messages and closer relationships with minority-serving institutions. 🌍🤝 Support for CPA exam candidates is also crucial, with NPAG recommending addressing exam costs, simplifying the application process, and rewarding professionals for passing exam sections. 📝💼 Lastly, NPAG emphasizes the importance of telling a more compelling story about the accounting profession to attract talent. They also encourage all CPAs to take the Pipeline Pledge, by committing to participate in two groups/activities per year for the express purpose of nurturing new talent. 🚀💼 With less students enrolling and more analytical majors in the business curriculum than ever it will take concerted effort to keep our CPA pipeline full! 🌟 #Accounting #CPATalentPipeline #Innovation #warfortalent #FutureOfWork 🚀

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Tax season can be overwhelming for accountants, with hours spent on manual data entry and accuracy concerns. These inefficiencies drain time and energy, leaving less room for value-driven tasks. ⏱ The more time spent chasing errors and inputting data, the less time available for high-impact work like client strategy and planning. It's a cycle that feels impossible to break. But there’s a way to change that! 💡 Our article explains how tax preparation automation is saving accountants hours by capturing accurate data effortlessly. Read on to find out more: https://lnkd.in/eRfZdbW7 #Accounting #Automation #TaxPreparation #EfficiencyBoost

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Ready to connect with the next wave of top accounting talent? Get your firm in front of 2,500+ of California’s best and brightest aspiring accountants in this year's CalCPA Career Guide. This is your chance to elevate your firm's presence and snag the future stars of accounting. Don't wait! Contact Michael Wong at [email protected] by August 2. #CalCPA #AccountingCareers #FutureCPAs #CareerGuide #AccountingFirms #AspiringCPA #Accounting

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One of the best ways to retain top accounting talent is by offering clear growth paths and opportunities for advancement. Here are a few key strategies to ensure your team sees a future with your company: 1. Offer Structured Career Progression: Provide clear, actionable steps for how employees can advance, from junior roles to senior leadership. This transparency motivates your team to stay engaged and strive for the next level. 2. Invest in Professional Development 📚: Support continuing education, certifications, and advanced training (like CPA, CFE, or CMA). Offering these opportunities shows your commitment to employee growth and enhances their skills. 3. Foster Mentorship and Leadership Development: Pair experienced leaders with rising talent. This mentorship creates a pathway for younger employees to learn, grow, and see a future in leadership positions. By focusing on growth and advancement, you’ll foster loyalty and keep your top talent engaged for the long term. #CareerGrowth #AccountingCareers #TalentRetention #ProfessionalDevelopment #EmployeeEngagement #LeadershipDevelopment #TopTalent #WorkplaceCulture #MentorshipMatters #DFWJobs

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#ICYMI 📰The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) are looking to add more paths and flexibility to CPA licensure. ➡️The plan that’s now out for public comment explains that candidates would still need a bachelor’s degree, but could bypass a fifth year of college coursework by taking a “competency-based experience pathway.” From CFO Dive: “The process will take some time. Once the the [sic] public comments are reviewed[,] final language must be approved by the AICPA and NASBA boards and changes will also be proposed to the Uniform Accountancy Act, which is a template for licensure requirements for states, according to the AICPA statement. States will then ultimately need to decide whether to update their licensing requirements.” Read the full article here: https://lnkd.in/eNYSFj2j #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #Audit #Auditing #AICPA #NASBA #Licensure #Plan #Career #Careers #Professionals #Growth #ProfessionalGrowth

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Audits can be messy. With Venturity in your accounting department, you can focus on what matters – your business – while we handle the rest and minimize disruptions. #auditready #accountingsupport

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CPAs, CVRs, CPCs, and all the other acronyms starting with C are great, but... If you're prioritizing short-term, top-of-funnel metrics like CPC at the expense of longer, more sustainable metrics like LTV, pull up a chair. Better yet, crank up your standing desk -> turn on your little walking treadmill -> and join us as we journey down the path of how to plan, run, and measure high-performing holiday campaigns for this season. Link in comments. 👇

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As organizations try to combat accounting talent shortages, some finance professionals have called for decreased CPA requirements to lower barriers of entry into the field. The 150 hour rule is one requirement that has received criticism as finance leaders grapple with making the CPA license more accessible. This rule mandates accountants to complete 150 hours (or approximately 5 years) of university credits to be eligible for a CPA license. - Some professionals argue that decreasing the 150 hour rule will encourage more people to enter the profession, stating that many students are favoring other master degrees such as an MBA over a masters of accountancy. - Those opposing this change cite concerns about lower work quality. See how CFOs are weighing in on this topic here: https://buff.ly/4bsEzAh #CPA #CFO #Accounting

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To my CPA friends...if you're looking for some free CPE go no further. ACCOUNTING FOR SHARE-BASED PAYMENTS WEBINAR Please join GAAP Dynamics and The Alliance Group to discuss the accounting for share-based payment awards under ASC 718 and deferred compensation under ASC 710. We'll cover classification, fair value measurement, and recognition of compensation expense, along with key concepts for deferred compensation. This complimentary 2.0 CPE-eligible webinar on September 19, from 11AM-1 PM will address how to: ✅ Distinguish between equity-classified and liability-classified share-based payment awards s ✅ Determine how to recognize compensation cost for awards with different vesting conditions ✅ Identify common inputs for pricing models in share-based payment awards ✅ Recall key accounting requirements for deferred compensation per ASC 710   Registration Link: Webinar-Accounting for Share-Based Payments (gaapdynamics.com) About us: Alliance Client Advisory, comprised of over 75 former Big 4 CPAs, partners with publicly traded and high growth PE backed companies to provide staff augmentation and advisory services in areas of financial reporting, technical accounting, operational accounting, and corporate transactions.  

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Salary Guides for Accountants Vary Widely: Who Do You Believe?: Recruiters Atrium, LHH and Randstad don’t agree. By CPA Trendlines Research Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TFXhYz #CPA #tax #accounting

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Even though we are accountants, we sometimes don't take the time to really dig into our firms' revenue analysis. We typically see 80% of revenue derived from 30-40% of clients. Very rarely to firms extend this analysis to determine which clients are profitable. Most accounting firms are simply revenue focused. Renew Group provides an in depth analysis into your client base along with step by step recommendations on how to transition towards fewer clients, but more profits. When you are beholden to the wrong clients, you sacrifice the freedom you sought when you became a partner in a CPA firm. Learn more about joining our Renew Group Community today, and take the first step towards transforming your firm. https://lnkd.in/gjCtgCTF #accounting #accountingandaccountants #cpas #cpafirms

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Is your accounting firm struggling to find and keep top talent? You're not alone. Our latest poll revealed that 70% of accounting professionals say finding skilled candidates and retaining them are their biggest hiring challenges. This begs the question: What are your proven strategies for building and maintaining a skilled accounting team?

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Salary Guides for Accountants Vary Widely: Who Do You Believe?: Recruiters Atrium, LHH and Randstad don’t agree. By CPA Trendlines Research Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/TFXhYR #CPA #tax #accounting

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Looking to break into the accounting industry? Our latest blog post is your definitive guide to securing that dream accounting job. From crafting a winning resume to mastering the interview process, we've got you covered every step of the way. Check out the link in to kickstart your accounting career! 🔗 https://lnkd.in/eMbgCqdn #AccountingJobs #CareerAdvice #JobSearchTips

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