Accounting
Mid-level managers report lowest job satisfaction
Middle managers report the lowest rate of satisfaction, according to a new survey.
Data from the latest edition of the annual
“Verbatim feedback from respondents indicates that mid-level managers feel squeezed from both ends,” the report reads. “They don’t seem to have enough junior staff to handle basic level work and too many partners above them — eying early retirement — are making unreasonable demands on middle managers’ time while not providing enough mentoring or career support. More than one respondent lamented the feeling that positive change is tough to come by when a culture at the top keeps ‘kicking the can’ down the road.”
Laurent Delhourme/ldprod – Fotolia
The top ranked drivers of CPA career satisfaction are ample career opportunities for those not on the partner track, coworkers being aware of the respondent’s interests outside of work, firm takes their side over the client even if it means loss of revenue, colleagues are respectful of their time, a variety of work responsibilities and client mix, and their firm speaking to or warning clients about inappropriate language or behavior.
Following the top attributes for career satisfaction and ranking slightly lower were working for a firm that promotes work-life balance, providing work-from-home flexibility, having a culture that freely shares knowledge across the organization, having a diverse and inclusive culture, freedom from tracking time and having a mentor-mentoring program.
The top reasons for employee dissatisfaction were a lack of support from firms, mental and physical issues that are work-related, lack of positive work culture, and a limited variety of work responsibilities and client mix.
While the profession wrestles with an ongoing retention problem, the survey found that many accountants are satisfied with their careers. Fifty-three percent of CPAs working 50 hours or more per week during busy season reported being “highly satisfied,” and 41% working 60 hours or more per week during busy season were “highly satisfied.” Meanwhile, 16% of CPAs working less than 40 hours per week during busy season said they were “dissatisfied.”
In regards to salary, which is considered a
The survey was conducted by Tri-Merit Specialty Tax Services, in association with Accountants Forward and HB Publishing & Marketing Company, and collected responses from 238 accounting professionals nationwide.
Total postsecondary spring enrollment grew 3.2% year-over-year, according to a report.
The National Student Clearinghouse Research Center published the latest edition of its
The report found that undergraduate enrollment grew 3.5% and reached 15.3 million students, but remains below pre-pandemic levels (378,000 less students). Graduate enrollment also increased to 7.2%, higher than in 2020 (209,000 more students).
(Read more:
Community colleges saw the largest growth in enrollment (5.4%), and enrollment increased for all undergraduate credential types. Bachelor’s and associate programs grew 2.1% and 6.3%, respectively, but remain below pre-pandemic levels.
Most ethnoracial groups saw increases in enrollment this spring, with Black and multiracial undergraduate students seeing the largest growth (10.3% and 8.5%, respectively). The number of undergraduate students in their twenties also increased. Enrollment of students between the ages of 21 and 24 grew 3.2%, and enrollment for students between 25 and 29 grew 5.9%.
For the third consecutive year, high vocational public two-years had substantial growth in enrollment, increasing 11.7% from 2023 to 2024. Enrollment at these trade-focused institutions have increased nearly 20% since pre-pandemic levels.
Jordan Vonderhaar/Photographer: Jordan Vonderhaar/
The Internal Revenue Service has released
The Inflation Reduction Act of 2022 amended Sec. 55 to impose the CAMT based on the “adjusted financial statement income” of an “applicable corporation” for taxable years beginning in 2023.
Among other details, proposed regs provide that “applicable corporation” means any corporation (other than an S corp, a regulated investment company or a REIT) that meets either of two average annual AFSI tests depending on financial statement net operating losses for three taxable years and whether the corporation is a member of a foreign-parented multinational group.
Prior to the publication of any final regulations relating to the CAMT, the Treasury and the IRS will issue a notice of proposed rulemaking. Notice 2025-27 will be in IRB: 2025-26, dated June 23.
ADP jobs report May 2025:
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Social Security Fairness Act benefit increases arrive for pensioners
New 2023 K-1 instructions stir the CAMT pot for partnerships and corporations
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