Accounting & CPA firms are in crisis mode
kwscpa2023-10-15T23:53:48+00:00Before the Covid 19 Pandemic began in March 2020, the accounting and tax/CPA industry was facing a staffing shortage; too many CPAs were approaching retirement, and accounting students were diminishing. Accounting graduates preparing to sit for the grueling CPA exam were waning too. Post-pandemic, the number of CPAs and accounting professionals retiring or passing away has surpassed projections. To exacerbate the state of affairs, new tax laws continue to become more complex, increasing the demand for experienced CPAs and tax professionals. This is especially worrisome to anyone who owns a business. Not only does the industry feel the shortage, but the [...]