Accounting, tax, bookkeeping and payroll businesses have been growing sales at a healthy rate this past year, according to the latest numbers from the financial information company Sageworks.
Sageworks found that 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. That figure represents 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). The average company in the accounting space saw margins of 22 percent in 2015, compared to 18 percent in the prior year.
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