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Started By
Message
re: Accountants fees skyrocketing
Posted on 2/6/23 at 12:06 pm to baldona
Posted on 2/6/23 at 12:06 pm to baldona
quote:
If this is a larger firm then generally they have book keepers or accountants fresh out of school do the work
From what I am hearing from my few friends still in public, a lot of firms that are not the Big4 are having problems filing these roles with fresh grads willing to put in the hours. Having a hard time finding people willing to put in more than 50 hours during busy season, which is forcing them to increase their workforce, or turn down work and increase fees.
1
Posted on 2/6/23 at 12:17 pm to Weekend Warrior79
quote:
From what I am hearing from my few friends still in public, a lot of firms that are not the Big4 are having problems filing these roles with fresh grads willing to put in the hours. Having a hard time finding people willing to put in more than 50 hours during busy season, which is forcing them to increase their workforce, or turn down work and increase fees.
The entire CPA firm model is built on leverage. Hire young people with low hourly effective wages (due to OT) and charge them out at miuch higher rates.
That works as long as there is a steady supply of such young kids.
That is drying up.
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