Originally published in Accounting Today.
ax preparers say the biggest challenges for their practices in the second half of 2023 come down to two words, both of which the industry expected to be a nagging concern. Again.
“Our biggest challenges continue to be talent and technology,” said Jolie Karp, a CPA and partner at Stephano Slack in Wayne, Pennsylvania. “Finding and hiring new staff has become increasingly difficult as we have seen a significant decrease in the college students majoring in accounting and very little movement of the current talent pools in CPA firms. On the technology side … we find ourselves needing to dedicate more time and resources as auditors to understand the client’s technology climates.”