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Job Outlook for Accountants in 2021

Accounting is a stable and rewarding career path. But if there’s one thing that hasn’t been stable recently, it’s 2020. How might the job outlook be for accountants as we bid farewell to this year and ring in 2021? You’ll be pleased to hear that, all things considered, the job prospects for accountants are looking good next year. 

Accounting is growing. 

According to the U.S. Bureau of Labor Statistics, the accounting field is projected to grow about 4% between 2019 and 2029. That’s about the average for most occupations — as the economy strengthens or weakens, the accounting field can fluctuate with it. But as we round the corner while fighting the coronavirus pandemic, especially with hopes of an effective vaccine higher than ever, the economy is expected to grow. That means that the accounting field, along with plenty of other professions, is likely to see continued growth and prosperity moving forward through 2021.  

Companies are looking to cut expenses and save money. 

Throughout the pandemic and during a hopefully COVID-free future, companies are looking to save on their expenses and crunch the numbers in order to find out where they can be more economical. And that is the accountant’s specialty. With the economy growing as time moves on, more companies will need to prepare and examine their financial records, which means more accountants hired across a variety of industries and specialties.  

Tax season will be a high-demand time. 

It’s safe to say that filing taxes for the 2020 tax year will be an interesting undertaking. Between businesses and individuals taking unprecedented losses this year, government assistance doled out to the tune of millions, and unusual steps like deferred loans and mortgage payments, people and institutions will need qualified accountants to help them with their taxes. So, whether you’re an accountant that specializes in individual taxes, business taxes, or any other type of filing, you’ll probably be busy come tax season of 2021. And that’s a good thing. 

Ready to start your job search and find the accounting position that fits your needs? You’ve come to the right place. Check out our Jobs Portal and contact High Profile online or by calling 972-991-7900 to get in touch with the staffing professionals.