CPA Biz Is Booming, But for How Long?

Five reasons that growth in profit is outpacing growth in revenue.

By CPA Trendlines Research

The Rosenberg 2023 Practice Management Survey exults in the growth and profitability of CPA firms last year, but warning bells are flashing. How long can this keep up?

MORE: Survey Respondents See Exciting Year Coming Up | SURVEY: Accountants Economic Outlook Brightens | Research: Accounting Pros Cautiously Optimistic about Generative AI
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The good news: Firms with revenue greater than $2 million saw 2022 average income per partner soar 11.8 percent over the previous year, and revenue shot up 11.4 percent. This was the second year that profits grew faster than revenue.

Yay, right?

Posted on October 29, 2023

CPA Trendlines Research

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