CAS revenues are surging 20 percent, but profits are lagging. Discuss.
By CPA Trendlines
Growth in client accounting services appears to be accelerating, but the expansion may underlie simultaneous growth in personnel turnover and trouble in the pipeline of professionals, according to new research.
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The new benchmarking study found a burgeoning median growth rate of 20 percent, nearly double the rate of 2018. Net client fees per professional shot up by 17 percent to average $112,293 as CAS practices continued to move toward fixed fee and value billing methods.
And apparently, profits could have been even higher.
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