Tax law changes join staffing as a top issue for CPA firms

By Courtney L. Vien

Finding qualified staff and keeping up with changes to tax law are among CPA firms’ top concerns, according to the 2019 PCPS CPA Firm Top Issues Survey. Sole practitioners ranked keeping abreast of tax law changes as the issue that impacted them the most, while firms employing two to 20 professionals ranked it as their second-greatest concern after hiring qualified staff.

These results likely reflect the impact of the law known as the Tax Cuts and Jobs Act, P.L. 115-97, upon smaller CPA firms. While sole practitioners have named tax law changes as their top concern for five Top Issues Surveys in a row, firms with two to 20 employees didn’t rank the issue so highly in 2017.

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