Study Reveals Accountants and Financial Advisers Lose Out as Clients Struggle to Pay Fees - IFA Magazine
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5 Articles
Study reveals accountants and financial advisers lose out as clients struggle to pay fees - IFA Magazine
Accountants and financial advisers increasingly are seeing clients struggle to pay their fees with a knock on effect on their cashflow, new research from Premium Credit, a leading provider of finance for businesses, shows. Nearly nine out of 10 (87%) say more clients are struggling to pay their fees and nearly three out of four (74%) expect a rise in the number of clients finding it hard to pay fees over the next 12 months. More than nine out …
Many Accountants Fear Their Firms Will Cut Headcount by Over 20% in the Next Five Years
More than half (52%) of accounting professionals expect their firms' headcounts will be at least 20% smaller in the next five years, with fewer entry-level employees expected to be needed in the future, according to a new report from the Indiana CPA Society and CPA Crossings.
More Than Half of Audit Firm Partners Say They're Seeing Headcount Reductions in Their Industry Niche
Center For Audit Quality, the Kool-aid distributors responsible for the Accounting+ initiative that should not be confused with the VR game of the same name, have released their latest Audit Partner Pulse Survey for spring 2025 and oh boy. We shouldn’t be surprised to find out audit partners at the largest public company audit firms in the US aren’t feeling rosy about the future but we didn’t realize they’d be this dour. To the question “Overall…
Accountants expect 20% staff cuts in next five years
A recent report by the Indiana CPA Society (INCPAS) reveals that 52% of accountants expect their firms to reduce headcount by 20% over the next five years. The study, conducted by CPA Crossings and titled “Transforming Your Firm’s Business Model: Workforce Transformation and Talent Management Strategies,” surveyed 205 full-time professionals across public accounting firms in 31 US states, representing roles from staff accountant to partner. The …
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