A Bright Outlook at All Experience Levels

Changing jobs this year may get you not only a better position, but also a bigger paycheck.

The 2008 Salary Guide from Robert Half International predicts a 4.3% increase in starting salaries for accounting and finance professionals this year, with public accountants, financial analysts and internal auditors seeing the largest gains.

In corporate accounting and finance departments of large companies, business expansion and ongoing corporate governance initiatives are driving hiring and increasing salaries, with average starting salaries for entry-level budget, treasury and cost analysts expected to rise 6.9% over 2007’s predictions to between $38,250 and $47,500. Newly hired internal audit managers can expect a 6.7% increase in starting compensation to between $81,500 and $109,500 annually.

In public accounting, average starting salaries for directors and senior managers of medium-size firms are projected to rise 7.7% in the year ahead, to between $88,250 and $129,250, as these firms increase hiring to deliver more services to clients. At small firms, professionals with one to three years of experience can expect the same increase in salary as firms relieve heavy workloads and potentially hire future leaders.

These projections exceed those for the banking and financial services sectors, where starting salary increases for commercial lenders and hedge fund accountants may see gains of 4.7% and 6.5%, respectively.

Source: Robert Half International’s 2008 Salary Guide, www.rhi.com .


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.