Paige Hagy’s Post

FREE ARTICLE: Career advice for young accountants Historically, being an accountant often involved little personal agency — most young accountants followed the career path laid before them by their firm, and those paths looked much the same. But now with advancing technology propelling the profession forward, new service lines multiplying almost daily, and a labor shortage putting young talent in high demand, new career pathways and opportunities are opening. Read more at Accounting Today on how to navigate an accounting career. (Free to read until Friday, 10/11.) https://lnkd.in/ecWAmAKn #accounting

SCOOP: RSM laid off 3% of its U.S. staff, including 5% of its consulting workforce. The layoffs at the Top 10 Firm come a week after PricewaterhouseCoopers laid off 1,800 employees on Sept. 11, and follow a slowdown in demand for consulting and advisory services at big firms, with significant layoffs at EY, Deloitte and KPMG in 2023. https://lnkd.in/ergS3ppV #accounting #rsm #layoffs

FEATURE: Accountants are planning their pregnancies to avoid having children during the tax and audit busy seasons — and the trend sheds light on how finding work-life balance in the profession feels near-impossible to many. Yes, planning personal milestones around a seasonal work schedule is often simply the most practical and logical decision; the accounting profession is by no means unusual in that regard. But here's the crux of the problem: Accountants are making the intimate, personal choice of pregnancy around antiquated aspects of the profession that experts say need to change anyway. For Accounting Today, I spoke with accounting professionals who graciously shared their experiences on the subject. All agreed that change is overdue, and the first step is bringing attention to the conversation. You can read the article for free if you sign up for an account until Friday, Aug. 23: https://lnkd.in/g26PzpeK #accounting

"I can't work on everybody's return between January or April, or I'll quit accounting, essentially. And so year by year, I'm reducing the number of clients I work with between January and April." Logan Graf, CPA, founder of The Graf Tax Co. PLLC, is finding ways to eliminate the slam of tax season. And his strategy is already proving itself successful. In his first year running his firm, he worked an average of 60 hours a week during busy season. This year, he was down to roughly 44 hours a week. This is a part of an ongoing series for Accounting Today on how accounting entrepreneurs launched their practices. Keep an eye out for more Founder Files in the coming weeks. #accounting https://lnkd.in/e-EgwMa6

"My intention, basically since I was a teenager, was actually to open my own CPA firm. I always viewed this profession as my vehicle to wealth building." Patrick Camuso, CPA saw the opportunity to start his own firm while watching the rise of Bitcoin. Now, Camuso CPA specializes in clients who are digital asset investors and Web3 companies. Camuso spoke with me about the challenges of founding a firm and how digging deep on crypto has impacted his firm's growth. This is a part of an ongoing series for Accounting Today on how accounting entrepreneurs launched their practices. Look for more Founder Files in the coming weeks. #accounting #crypto

"I ran a business that I would want to work at. I didn't start the accounting firm or run it any differently than I would have run any other business." Keila Hill-Trawick, CPA, MBA, founder and CEO of Little Fish Accounting, started her firm almost by accident. But what originated as a side hustle helping friends with their tax returns became a full-fledged firm offering holistic client advisory services. (P.S. This is the first installment of a new series on how accounting entrepreneurs launched their practices for Accounting Today. Look for more Founder Files in the coming weeks!) #accounting https://lnkd.in/eXQxTZhs

The 150-credit-hour requirement is a hurdle to many accountants seeking CPA licensure, and it's a contributor to the profession's ongoing talent shortage. But a new program developed by the AICPA and NASBA is helping accountants complete the extra 30 college credits for under $5,000 while earning a wage and gaining work experience. I spoke with accountants about their experiences in the pilot program, including Top 25 Firm Wipfli's Clinton Strobel and Thomas MacGregor, and McLeod|Ascanio's Stephen Sawyer. Read more on Accounting Today: #accounting #cpa

Picking a firm is perhaps the most important choice a young accountant will make for their career. But with the ongoing talent shortage, it's an employees' market. Young professionals have more leverage than ever when choosing — and even moving between — firms. Experts from KPMG, Deloitte, ConvergenceCoaching, LLC and more weigh in on what young accountants should look for in a firm and how to navigate career opportunities in the rapidly evolving profession. Latest for Accounting Today (free article): #accounting #accountingstudents #cpas https://lnkd.in/eZVw4Kr5