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The Holiday Season is right around the corner! 🦃 🎄 🎆 (Pretty exciting huh?!) Don't get caught short-staffed and overworked - Our Temps are ready to help you and your team through the holiday season! Ping me and let's chat about how I can help your teams get the work done and free up some time! #Temps #Holidays #Vacations #Timeoff #Coverage #Interim #Maternity #HiringFreeze #Burnoutprevention #Burnoutawarness #Accounting #Finance #Administrative #HumanResources

No longer interested. For a long time, I would get thoughts of applying to corporate jobs when I received inquiries in my inbox. Next month will mark 11 years since my last full-time corporate accounting job. I am no longer interested and I unsubscribed from the email lists. Last year my tax practice revenue doubled and the clients served increased by 40%. I hired my first part-time contractor for tax season this year. Pros I pay less tax because I can claim business-related expenses. I spend no time commuting to work. I have 5 weeks of real vacation time planned for this year already. I am home to start dinner and I eat better meals each day for a fraction of the cost of when I went to an office job. Cons Vacation has to wait until May My birthday month is one of the busiest. (March) Self-employment/building a business is a journey and not for everyone. It takes patience, perseverance, discipline, and a supportive family. Priceless is the feeling of building something and making a difference in the lives of my clients. A future payday is the potential of building something that someone else may want to buy. ps. Yes, I am accepting new clients if you are looking for help to file your tax return. #neversaynever #journeytosuccess

FYI - If you need to hire in the next few months, we're filling up fast. Our recruiting team is completely booked until the week of June 23rd. (Projects are coming in fast.  If you'd talked to me last week, we could have started this week.) Here's a quick refresh of the typical timeline to hire: - 1 month to make your hire - 2 months for seniors or managers - 1 month resignation notice - May not be needed, but you don't want to assume that So, for example - If you were to get started on June 23rd, you could expect a bookkeeper to start on August 23rd. If you need someone in August or September, I suggest you get on our calendar in the next week or two. Especially since tax season in the US is over, accountants are ready to start hiring, and I expect to be booked out even further. Just comment or send me a DM and we can book a call and get you scheduled.

ECONOMY WATCH: CPA STAFFING Why Former CPAs Are Leaving and What Existing CPAs Want Business Wire (04/25/24) Nearly four in 10 (39.7%) former certified public accountants who left accounting firms or the accounting field within the past five years say their desire to stay would have increased if their salary was higher, according to a survey of 323 accounting professionals nationwide by the Pennsylvania Institute of Certified Public Accountants. This was the leading response. Other top responses were: if there were more flexible work options (35.6%), if entry- and mid-level employees were more valued (33.5%), and if there were better benefits offered (30.4%). The leading response specific to work-life balance was: if there were more flexible work options around hours and location (35.6%). A separate survey of 449 Pennsylvania CPAs revealed that higher salaries (46.9%), capped working hours (42.3%), and better benefits (37.4%) would increase their desire to stay at their firm or in the accounting field. Career development is a critical factor for retention with 85% of respondents saying their firm actively supports their career development, and 78% saying their firm offers interesting career opportunities.

Are summer holidays impacting your finance team? ☀️ It's lovely that so many people are enjoying the sun and getting some vitamin D! However, holidays often mean extra work for those left behind. But what if you didn’t have to struggle? Temporary support can help lighten the load! I’m currently representing several finance professionals who are immediately available to step in and help at short notice. Will your team need an extra pair of hands this summer? #jiverecruitment #accountancyandfinance #temporaryrecruitment #finance

So many accountants are leaving accounting for another career; here's why: Over 300,000 accountants and auditors have left their jobs in the past 2 years—a 17% decline. This shortage is being driven not just by baby boomer retirements but also by younger accountants leaving in high numbers due to inadequate pay and limited career growth opportunities. To attract talent, companies are being forced to raise entry-level salaries for finance and accounting roles. Where in the past an entry-level accountant may have earned $60,000, now some firms are paying $85,000 or more right off the bat. Experienced accountants have even more leverage, with salaries ranging from $150,000 to over $200,000 at larger firms. But the question remains: Is a higher salary alone sufficient to address the core issues driving accountants away from the profession? To truly solve this, we need to look at the brutal work conditions many accountants face: - 60-80 hour workweeks - lack of career growth opportunities - incompetent compensation for the long hours - manual, repetitive work due to a lack of automation. Throwing money at the problem may provide a temporary band-aid, but it won't fix the underlying issues that are causing accountants to burn out and leave the profession. Firms need to take a hard look at their work culture, invest in technology to automate repetitive tasks and provide meaningful career advancement opportunities for their staff. When will companies realize that retaining and building talent is key to their own success - not just the quarterly bonuses of those at the top? Our workforce shouldn't have to job-hop just to get fair treatment and pay.

A recent article was published discussing the 2024 outlook for accounting salaries and the job market. The higher salaries that the profession has seen over the past 2 years, are here to stay. The job market will continue to be a candidate market in this profession- at least for the next few years. Although 75% of CPA's reached retirement age in 2020 (partially the reason for the shortage), the good news is that more students are back studying accounting/finance so we should start seeing more in the profession in the years to come. In the meantime, how can you attract and retain talent? The article shares our sentiment that companies will need to go beyond attractive compensation packages, focusing on creative work/life balance arrangements, hybrid work schedules, strong benefits (such as paid parental leave) and flexible vacation packages. Below are some national averages of salaries in the industry: - Controller $191K - Assistant Controller $165K - Accounting Manager $146K - Director of Financial Reporting $179K - Senior Accountant $99K - Staff Accountant $63K What are your thoughts? How does your salary or your company stack up?? Referencing: 

Anyone that’s close to me knows this has been coming for a while - I’ve finally set up my own business. 🚀🚀 www.yourelements.co.uk After almost a decade in various Finance Director and Consultancy roles, the time was right to venture out on my own. I've seen firsthand the impact of commercially focussed finance departments and the transformative power of fast, accurate data on decision making, so it makes sense to offer that out as a service. It’s not the tired, old, distant and disconnected service that most people think of with outsourcing. It’s 💥💥 PART-TIME, FULL THROTTLE 💥💥access to me and an extended network of great Bookkeepers, Finance Managers and Finance Directors, all ready to help elevate your company to new heights It could've been so simple: set up a traditional accountancy firm, flaunt my past experiences, and quietly outsource most of the work overseas (to those tired, old, distant and disconnected services!) A couple of local account managers for that personal touch and that’s it – scalable and profitable. But where's the fun in that? 🤷♂️ Our mission? Helping ambitious owners understand their business better so they can make better decisions. Think Management Accounts, Forecasting, System and Process Enhancement, Commercial and Strategic Consultancy and not tax returns or year end accounts.

We saved our client over £63,000 in Salaries! Our client was in high growth phase. Hired a full time FD (didnt realise there was such a thing as a fractional FD) @ £80,000 Had an in house bookkeeper and payroll technician @£25000 And an external accountant completing VAT and End of Year Accounts at £3000 Total salaries - £108,000 (Plus holiday pay, sick pay, pensions and NI) They now have their entire finance function outsourced with us taking care of all the roles required - on a fractional basis for the time required. For £3750+ VAT per month. All in. The numbers just make sense am i right? 🤷♀️ No micro management. No panic for holidays and sickness. 50 weeks of the year cover. One fixed monthly fee. No training requirements from the business. When are you going to make the switch? ——— 👋 Hi, Im Zoe Goodchild and I am here to support professional services business owners like YOU in systemising their finance function to unlock precious time, drive better business growth, and gain crystal-clear insights into your cashflow. 💥 My mission is to give business owners their time back, to focus on what truly matters to you! 💷Want to free up 45k cash in 90 minutes? Head to my featured section 👏🏼 Innovate Accountancy #financefunction #efficiency #profitability #growth #ambitiousentrepreneur #sme #businessgrowthstrategies #outsourcedaccounting