At the typical CPA firm: “The bleeding has stopped.”
Revenues at the typical CPA firm are up 1.7%, a slight improvement from the 1.4% increase in the year before, according to the 2011 Rosenberg MAP Survey.
Still, when the impact of mergers is taken out, the growth rate was only 0.8%. The Rosenberg MAP survey, founded 13 years ago by nationally known practice consultant Marc Rosenberg, reports on the results of 408 firms, most of which range from $2 million to $20 million in annual fees. Nearly 100 metrics are collected and compared.
Though the revenue increase is small, the authors say it’s noteworthy because — for the first time in two years — the growth rate increased from the prior year instead of decreasing. “The bleeding has stopped,” they say.
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