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news & trends
“ Employee satisfaction is based on a variety of factors , from workplace culture and compensation to opportunities and management . Businesses that want to retain their employees need to focus on all these factors , as the top-ranking industries scored highly across the board .”
– Jason O ’ Brien , COO , TollFreeForwarding . com
What ’ s Your Challenge ?
While the top challenges facing tax and accounting professionals vary depending on the size of the firm and the resources it has , there are several commonly cited issues sweeping the profession :
26 % Hiring / attracting / retaining talent 13 % Time management / deadlines / timely filing 11 % Keeping up with tax law and government regulations 7 % Billing / cash flow issues 6 % Managing client expectations / addressing client needs
– Thomson Reuters the numbers
75 %
The decrease in check-writing since 2000 .
– The Atlanta Fed
One-third
The number of adults who said they are taking on a side job to pay bills and fund discretionary extras .
– Bankrate
8.7
The number of hours entities seeking access to beneficial ownership information will spend filling out paperwork in the first year .
– FinCEN
2 in 5
The number of Americans who have a financial account that their partner doesn ’ t know about .
– Wallet Hub
37 %
The number of organizations that have complete enterprise risk management processes in place .
$ 50B
The amount of fraud committed by consumers or customers of companies .
– AICPA
– Mastercard
4 CALIFORNIA CPA OCTOBER 2024 www . calcpa . org