Now second only to oil drilling as nation’s most profitable industry. A new analysis of financial statements shows tax and accounting businesses are improving their net profit margins despite an otherwise harsh economy, according to new data obtained by CPA Trendlines.
Topic: economic trends
What the election means for busy season: Join the survey, get the answers. by Rick Telberg The re-election of President Obama may sweep away a few uncertainties in tax and economic policies that have been stymieing business decision-making. But it also sets the stage for a very busy busy-season, complete with last-minute changes in code and forms. And I’d be surprised if the partisan gridlock in Congress suddenly loosens.
A sign of a full economic recovery for the profession? by Rick Telberg Exclusive to CPA Trendlines CPA firms are shaking off the effects of years of a fee-cutting death-spiral that halted growth, pinched profits and forced painful staff reductions. Instead, firms are now pushing through some of the most aggressive price increases in years, led by audit services, followed by tax prep, bookkeeping and compilations.
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Corporate CPAs turn sour on economic outlook…
Best August ever. by Rick Telberg The U.S. accounting and bookkeeping sector of the economy added 3,500 new jobs in August bringing the full-time workforce in the industry to 955,000, a new all-time record high for the month, according to preliminary new data obtained by CPA Trendlines. RELATED INSTANT DOWNLOAD – 2013 Salary Guide JOIN THE SURVEY, GET THE RESULTS – The CPA Careers and Hiring Outlook: Job Satisfaction and Retention Benchmarks JOIN THE SURVEY, GET THE RESULTS – Top Talent Strategies: How to Identify and Develop Professionals for Management and Leadership Responsibilities In addition, the CPA Trendlines analysis shows:
Business is good, but CPAs say the workload never eases up. by Rick Telberg CPA across all areas of the profession this summer are confirming the best hopes and worst fears that the profession felt when the year was beginning. Yes, business is up across all sectors and should continue to improve, especially for public practice firms, but there are not enough people to handle the work. Our readings are showing that two-thirds of CPAs in all sectors of the accounting profession are enjoying better business than last year. Asked to look 12 months into the future, roughly the same number expect their business conditions to be even better, although members in public practice are slightly more optimistic than members […]