CPA Salaries Then and Now

BY LYN RICHARDS

CPA SALARIES THEN AND NOW
While I appreciate what the JofA has done for CPAs over the last 100 years, I wish the anniversary edition had provided one more piece of information.

The issue did not provide information on how our salaries compare with that of our peers 100 years ago. At that time we made more than physicians. CPAs have had to dramatically increase their knowledge and broaden their skills to keep pace with changes in the accounting profession. It would have been nice to see a graph that compares what we are now expected to know and do with what we comparatively have earned over the last 100 years. I suspect we would see a big “X” on the chart. Increased knowledge and skill requirements would have zoomed up—earnings would have declined.

Lyn Richards, CPA
Columbia, S.C.

SPONSORED QUIZ

How well do you know small business?

There are over 30 million small businesses in the U.S., and many of them are optimistic in their outlook. Are you familiar with the obstacles and opportunities they are facing? Test your small business acumen with this quiz sponsored by Chase Ink®.

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.