Check out these in-demand accountancy skills
Plus: Advice for scaling your practice and boosting diversity.
Welcome to The Net Gains – you've joined other accountancy professionals who access this exclusive newsletter every Tuesday.
Here are this week's top hits, curated just for you:
In Today's Newsletter:
📈 High-demand accountancy skills
✅ Delegating to scale business
💡 Boosting diversity in the profession
💸 Unclaimed 2020 tax refunds
The 3 accountancy skills in highest demand
According to an Upwork survey, the three fastest-growing skills for accounting professionals are bookkeeping, personal coaching and elevated financial management skills, like those needed for a CFO role. Instructional design, tax preparation and management consulting are also high-demand skills from accountants that practices and outside businesses are seeking.
Check out more info on CPA Practice Advisor.
💡How to take your practice to the next level
Accounting practices that are ready to take on more, or diversified, business need the human power to do it. By identifying key people who can help scale growth, and considering bringing on new people with the right expertise, accounting firms can take the first steps to scaling and improving what they offer.
Read more tips from Edward Mendlowitz.
$1 billion
... in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, according to the Internal Revenue Service. Time is running out to claim the money, though, with a May 17 deadline. Source: Accounting Today
💲 An optimistic look at retirement savings
💻 EU digital law tests Meta and Apple
💸 Advising sole proprietors on retirement savings
🌎 SEC climate ruling: What CPAs should know
⬇️ Free download: A look at ASC 842
How to improve diversity in accounting firms
Accounting has traditionally been a field that has an under-representation of women and marginalized people -- but many firms are looking to improve diversity among CPAs and other accounting professionals. The Big Four audit firms now have chief diversity officers, a move that could see a trickle down effect to smaller-owned firms.
Read more on where the industry stands on The Conversation.
The Net Gains is your one-stop shop for fresh, FREE accounting insights. I'm Bianca Prieto, your editor, and I'm excited to build this community with you.
We'll be diving deep into industry updates, from tax strategies to the power of technology. What are your thoughts on today's newsletter? Am I missing something? Did you learn something valuable? Let's shape this newsletter together — email me and let me know!
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