For the last several years, client accounting services (CAS) have been one of the hottest topics in the accounting industry, with firms intrigued by its potential to break the tax season cycle with a more varied and recurring workload.
But what was once largely a revenue play has recently emerged as a viable strategy for combating the profession’s ongoing talent crisis.
“It turns out that many of the same things that make CAS appealing as a revenue generator are the same things that appeal to young career explorers,” writes Joe Carufe, a firm builder and CAS advocate, in a recent article for CPA Practice Advisor.
“From its less intense emphasis on tax season to its greater diversification of work to its potential for a deeper connection to that work, CAS offers the kind of work-life balance that has long eluded many in traditional accounting roles.” Consider these benefits.