Industry heads into 2016 with stronger performances than most clients.
By CPA Trendlines
As professionals who specialize in finance, preparing financial statements and assisting business owners with their financial performance, one would suspect that the tax and accounting industry would have a firm grip on financial performance. Looking at statements filed over the past year, that certainly appears to be the case.
The average private company falling into the category of either accounting, tax preparation, bookkeeping or payroll services grew sales at an annual rate of 12 percent. This was a higher growth rate than the average privately held company achieved over that same period, despite being a healthy rate of revenue growth for the average U.S. company.
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