Accounting Advices 

We Get It Lady, You Work For Deloitte

There’s a disturbing social media trend afoot, and no it’s not sex workers claiming to be accountants on TikTok. Over the last few years, LinkedIn has gone from a useful tool for professional networking to Letters to Penthouse for business. Y’all know what I mean. The long, rambling posts littered with hashtags — often written by recruiters or various “coaches” — that are supposed to impart some kind of life lesson about the value of persistence or hard work or the tenacity of job-seekers/homeless people/single mothers. There’s a whole subreddit…

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Accounting Services 

Changes to KPMG’s 401(k) Contribution Policy Seem to Be Getting Positive Reviews

In mid-July 2020, when public accounting CEOs were still looking at ways to slash costs because of the Rona’s impact on their firms, we started receiving tips from KPMGers about their retirement and pension plans taking a hit: KPMG announced this week they are cutting pension and 401k contributions in half for 2020. According to a 2018 compensation and benefits document for campus hires, new KPMG employees are eligible to enroll in the firm’s 401(k) plan and make contributions through payroll deductions 60 days after starting. The document also states: KPMG matches…

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Accounting Newsletter 

How Are Public Accounting Salaries Stacking Up For 2022? (Alliance Resource Group)

While we await the release of Accounting Principals’ 2022 Accounting & Finance Salary Guide, let’s take a look at the salary projections in public accounting for next year from Alliance Resource Group. ARG provides its 2022 salary outlook for 11 positions within public accounting (six in tax and five in audit), with a salary range for each position. It also includes the average bonus percentage that was paid out for each of the 11 PA roles in 2021. Unfortunately I wasn’t able to find an online copy of ARG’s salary…

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Accounting Services 

The CPA Credential and the Profession Are in a Race For Relevance Says ICPAS CEO Todd Shapiro

Interest in the CPA credential has been down significantly since at least 2016, and we have discussed this issue to death so I don’t need to link you to the evidence (but here’s some anyway). The problem here is that talking about it isn’t solving it, thus we will continue talking about it and hope it all works out somehow. Fewer people taking the CPA exam on its own isn’t a huge problem (well, the AICPA might say it is but they’re slightly biased), especially when you consider the trend…

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