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​In Pursuit of Profit

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5/23/2022

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What Should I Pay My Accountant?

 
What should I pay my accountant
We hear this question every day from business owners: “How much should I pay an accountant?”

Unfortunately, there is not a single right answer. Like any other occupation, an accountant’s salary is determined by a variety of factors. There are the usual variables like location and years of experience, but there are also unique determiners for accountants like professional licenses and accounting focus area. And then there is the ongoing war for talent to consider, which has made the topic of compensation even trickier!

If you want to know how much to pay your accountant, use this accountant salary guide to inform your compensation discussions and help you to make smart accounting recruiting decisions:


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4/12/2021

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Understanding Current Accounting Recruiting Trends

 
understanding current accounting recruiting trends
When looking to hire management-level financial roles, it is crucial to understand the current recruiting trends that will affect your ability to hire the right candidates. So, what are we seeing so far this year?

Today’s employment market is like nothing we have seen before. Accounting and finance professionals continue to be in high demand despite unemployment figures being up in other professions, but recruiting has changed significantly over the last year. Effective recruiting right now hinges on utilizing digital tools, reimagining job requirements, prioritizing career growth, providing the right employment incentives, fostering a positive workplace culture, and utilizing a professional recruiting firm


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11/6/2020

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How Does Remote Work affect your Business Expenses?

 
remote work
Since March, 62% of employed Americans have worked from home, which is more than double the previous figures from earlier in 2020. Furthermore, 59% of these employees want to continue to work remotely, moving forward even after public health restrictions are lifted. This sentiment has led businesses to examine the costs of maintaining a remote workforce closely. They are asking:
  • Which of our ongoing expenses have been reduced with employees working from home? Which have increased?
  • What kinds of new expenses do we have on our P&L statement now?
  • Should our company stay virtual even after employees can go back? Does it make financial sense to do so?
  • How do we reduce expenses while giving employees what they want?


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6/10/2020

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Remote Workers and Payroll Considerations

 
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​Remote work has always been an attractive proposition to employers because they can maintain productivity while cutting costs. Prior to 2020 having a remote workforce was an optional decision. Despite the benefits, many companies still chose to maintain employees in-house to foster a positive organizational culture and reduce technology needs. However, the recent pandemic has proven that external factors can influence the workforce at any time. This has necessitated organizations to be ready to manage the challenges that accompany virtual work even if they do not plan to have employees working remotely permanently.

Managing a remote workforce creates numerous barriers to “business as usual.” Cultural shifts occur, technology demands increase, security risks arise, performance criteria change, and bookkeeping must keep up as well.


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2/12/2018

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The Impact of the Washington State Family Leave Act

 
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Washington State recently passed a parental-leave law. Nearly all employees, private and public sector, who work for employers with more than 50 employees in Washington will be eligible to receive up to 12 weeks of paid time off for the birth/placement of a child, for the employee’s own serious health condition, or to care for a family member with a serious health condition.

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