July 19, 2018

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CPAs Rank #6 for Best Jobs in America

Thumbnail image for Thumbnail image for accountant.jpgDon’t have enough corporate magazine lists in your life? Didn’t think so. CNN/Money’s Best Jobs in America dropped this morning and lo and behold, CPAs come in at #6.
Seem high? Maybe. CPAs did only receive grades of ‘C’ on “Benefits to Society” (you don’t keep people from dying) and “Low Stress” (‘C’ seems generous).
Also, CPAs only rank in the top ten in “Flexibility” but still managed to sneak into the top ten overall.
Continued, after the jump


Dubious, right? Money still makes their case:

Businesses began stocking the payroll with CPAs after major accounting scandals earlier this decade, and a host of new corporate accounting rules going into effect soon should ratchet up demand further.
Government agencies are also hiring CPAs, to monitor how well companies are complying with the new regs. Add inevitable changes to personal income tax rules and you have a pretty recession-proof profession.
“Unless Congress does away with taxes, we’ll always have work,” says CPA Lisa Featherngill of Winston-Salem, N.C. Some 33,000 independent CPAs also work for themselves, typically as tax preparers.

Debunk:
1. Scandals early in the decade? What about present scandals? Lotta good hiring all those CPAs did.
2. Remind us which agencies are doing a bang up job keeping companies in line with regulations?
3. Oh, and regardless of the certainty of taxes, this happens.
Maybe we’re overreacting. Perhaps they’re pointing out that if you’ve got a CPA, that gives you options (get crackin’ non-CPAs). Regardless of what Grant Thornton’s latest survey says.
So, if you’re a CPA and you’re happy, clap your hands. And discuss the list and why (or why not) being a CPA kicks so much ass.
Best Jobs in America [CNN/Money]

Arnie Signs 150-Hour Rule for California

arnold.jpgNo one panic, if you get licensed before 2014, you’re grandfathered in as substantially equivalent. So if you feel like procrastinating, don’t let us stop you but maybe keep the date in mind.
In addition to the new credit hour requirements, Ah-nuld also signed bills requiring mandatory peer review for CPA firms starting next year and requiring non-active CPAs to disclose their status. We thought those were both standard operating procedure but a couple more laws won’t hurt anything.
If you can’t bear the thought of 25-30 extra credit hours in college, move to Colorado, Puerto Rico, or the Virgin Islands as they’re the holdouts on the 150 credit-hour requirement.
California Adopts 150-Hour Rule [Web CPA]