Accounting Advices 

Compensation Watch ’21: Cherry Bekaert Gave Out Some Mid-Year Morale Boosters

During this time of year when there’s hardly anything going on because most of you have started your holiday break and are (theoretically) not doing any work and spending time with your family and friends, this news from a manager at top 27 firm Cherry Bekaert dropped in our lap last week: People have started to get personalized emails about comp adjustments. My pay increase was close to 5%. It’s a good firm and these are challenging times. The firm has experienced extreme turnover and we have all been working…

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Accounting Advices 

Compensation Watch ’21: Grant Thornton Is Dragging Its Feet On Announcing Mid-Year Raises (NEW UPDATE)

[UPDATE on Dec. 23] Now that it’s been two weeks since we started to hear that Grant Thornton employees were getting mid-year salary adjustments, let’s take a look at the GT comp adjustment thread on Reddit to see what some GTers got: ssociate 2 5% (audit)5.7% (audit) Senior 1 9.5% (audit) Senior 2 7% (tax) Manager 3% (audit) [UPDATE on Dec. 9] It seems more Grant Thornton employees were told today what their mid-year raise will be. A GTer emailed us today: I’m a manager level employee at Grant Thornton…

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Accounting Newsletter 

Culture is key to more women in the boardroom

/* custom css */ .tdi_22, .tdi_22 .tdc-columns{ min-height: 0; }.tdi_22, .tdi_22 .tdc-columns{ display: block; }.tdi_22 .tdc-columns{ width: 100%;> /* custom css */ .tdi_24{ vertical-align: baseline; }.tdi_24 > .wpb_wrapper, .tdi_24 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_24 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_24 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_24 > .wpb_wrapper{ width: auto; height: auto;> CCA chief executive calls for lasting change to correct anti-female bias at the top of business The chief executive of the world’s leading accountancy body says that changing culture is crucial in correcting the…

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Accounting Newsletter 

Latest Accounting Overachiever Comes From PwC

From CyprusMail: Demos Ioannou, a trainee accountant of PwC Cyprus, achieved the highest world score in the ICAEW [Institute of Chartered Accountants in England and Wales] exams that took place in November 2021. More specifically, Ioannou achieved first place worldwide in the subject of “Strategic Business Management” and was awarded the Walton Prize. PwC trainee accountant achieves significant worldwide distinction – Demos Ioannou achieved the ICAEW First Place in the subject “Strategic Business Management” – Read more here – https://t.co/tuk4hOm1om pic.twitter.com/MNbJBAWQmS — PwC Cyprus (@PwC_Cy_Press) December 20, 2021 Ioannou, who…

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Accounting Services 

Compensation Watch ’21: BKD Is Handing Out Mid-Year Raises But It’s Anyone’s Guess As to How Much (NEW UPDATE)

[Updated on Dec. 22] Quick update on the folks at BKD. Apparently mid-year compensation adjustments were doled out on Dec. 17, and some BKDers posted their raises in the comments section. Based on what was posted, raises ranged from 2.3% to 4.2%. So, how did the rest of you fare? Let us know in the comments section or get in touch with us using the contact info at the bottom of this post. [Updated on Dec. 13 with additional information at the bottom of article originally posted on Dec. 1.]…

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Accounting Advices 

How can accountants unlock their practices’ full potential?

/* custom css */ .tdi_26, .tdi_26 .tdc-columns{ min-height: 0; }.tdi_26, .tdi_26 .tdc-columns{ display: block; }.tdi_26 .tdc-columns{ width: 100%;> /* custom css */ .tdi_28{ vertical-align: baseline; }.tdi_28 > .wpb_wrapper, .tdi_28 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_28 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_28 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_28 > .wpb_wrapper{ width: auto; height: auto;> By Jim Scott, MD for Accountancy at IRIS Software Group Accountants have faced a number of challenges since the start of COVID-19. The sudden shift to remote working and changing customer demands meant many…

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Accounting Advices 

Compensation Watch ’21: Crowe Is Full of Christmas Cheer

Three years ago this week, Crowe made the news for being fined $1.5 million by the SEC for its audits of Corporate Resource Services Inc., which can best be described in three words that are as follows, and I quote: “Stink, stank, stunk.” But this week, nothing but good news coming out of the Crowe camp: bonuses and mid-year comp adjustments. While we don’t know how good the raises were, we were told yesterday by a source who works at Crowe that employees also received a $2,000 bonus. So how…

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Accounting Newsletter 

We Did it Guys, We Found the World’s Most Insufferable Accountant

Once again, r/linkedinlunatics comes through with the gold: Either this guy is really, really serious about his job OR — and more likely — just really bad at figuring out how to get 16 hours of work done in 10. If Reddit existed 20 years ago, the comment section on that post would likely be filled with similarly-minded weirdos who consider abandoning any hope of a personal life some kind of twisted badge of honor. Thankfully we live in current day where this kind of behavior is called out for…

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Accounting Newsletter 

Making Tax Digital is less about tax and regulation than you may think

/* custom css */ .tdi_30, .tdi_30 .tdc-columns{ min-height: 0; }.tdi_30, .tdi_30 .tdc-columns{ display: block; }.tdi_30 .tdc-columns{ width: 100%;> /* custom css */ .tdi_32{ vertical-align: baseline; }.tdi_32 > .wpb_wrapper, .tdi_32 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_32 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_32 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_32 > .wpb_wrapper{ width: auto; height: auto;> Evan Jones is Lead Technology Product Manager at Wolters Kluwer Tax & Accounting UK When we think of Making Tax Digital (MTD) for Income Tax, the obvious association is tax and regulation, but the…

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Accounting Newsletter 

Rethinking Risk for the Future – New report

/* custom css */ .tdi_34, .tdi_34 .tdc-columns{ min-height: 0; }.tdi_34, .tdi_34 .tdc-columns{ display: block; }.tdi_34 .tdc-columns{ width: 100%;> /* custom css */ .tdi_36{ vertical-align: baseline; }.tdi_36 > .wpb_wrapper, .tdi_36 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_36 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_36 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_36 > .wpb_wrapper{ width: auto; height: auto;> ACCA’s new report highlights the rise of the accountant as the ‘guardian of information’ and suggests more collaboration, more collective action needed to tackle the risks ahead. An unmissable era is dawning for the…

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