Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...

Accounting firms today are at an impasse. The U.S. Bureau of Labor Statistics reported almost 1.5 million jobs in the accounting and auditing sector in 2021, and although the 6% job growth in the ...

The accounting profession is facing a perfect storm of staffing challenges. There aren't enough accountants to handle the rising workloads, the workforce is getting older, and the number of new CPAs ...

The field of accounting is facing a labor crisis. From the high rates of baby boomer CPAs that are retiring to the 4% decline in the number of college graduates earning a bachelor’s or master’s degree ...