CPA Firms Saw 6.7% Revenue Increase in 2013
Last year marked the third consecutive year of increases in CPA firm revenue since the recession, with firms posting a 6.7 percent revenue increase, up from 5.4 percent in the previous year, according to the latest results from the Rosenberg Survey.
The survey, now in its 16th year, reports on the results of 382 accounting firms, ranging from $2 million to $20 million in annual fees. Nearly 100 CPA firm metrics are measured, and the latest results were released Thursday.
In 2013, the survey found that the gap between large and small firm profitability continued to increase, as it has since the end of the recession. Partners at firms with annual revenues over $10 million earned an average of $492,000, while their counterparts at firms under $10 million earned $349,000, a gap of 41 percent.
The survey found this year that 16.4 percent of all partners at the participating firms were female, compared to 15.6 percent last year.
This year’s survey showed that 55 percent of all firms have the non-equity partner position, up from 51 percent last year.
To order a copy of the full survey results, visit www.rosenbergsurvey.com.