Revenue Up at 59% of Accounting Firms … and More Good News

financial graph on blackboard

Technology is key for competitive advantage.

By CPA Trendlines Research

The 2024 Accounting Industry Report from Wolters Kluwer cuts through a lot of the underbrush of sentiments and anecdotal evidence about the state of the accounting business today. Backed by statistical data, the report presents a some significant truths about the state of the industry.

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And the general state is good. Most firms are growing, profitability is up, new services are surging, and serious practices are making efforts to improve the quality of client experience.

Here are some of the most notable facts.