Bold growth tactics, big partner cuts.
The nation’s 100 largest tax and accounting firms have reversed revenue losses and are accelerating growth in a highly competitive market by relying on a mix of merger, acquisition and selling strategies, according to a new survey and analysis.
In a year marked by “blockbuster mergers,” Accounting Today reports top-line revenue advanced 7.9% for the 100 largest firms operating in the U.S., clocking in total fees of $45.8 billion. Among the Big Four, revenue grew 8.2% to $436.2 billion.
This year’s advances mark a turnaround from back-to-back retreats.