It’s nice to see that CPAs and their firms are doing very well. According to the just-released 2007 Rosenberg MAP Survey, firms with net fees over $2 million enjoyed annual net fee growth of 11.4 percent in 2006, compared to 9.7 percent in 2005. The average income for partners in these firms, according to the survey, is $350,000. Growth at CPA firms is attributed to the continuing impact of Sarbanes-Oxley, both directly in the form of Sarbanes-Oxley related engagements, and indirectly as work trickles down from larger firms.
According to the survey, firms with over $10 million in net fees had an annual growth rate of 16.3 percent, and the average income per partner was $473,897. Contrast that to the survey results of multi-partner firms with under $2 million in net fees, as their growth rate was 5.2 percent and the average income per partner $190,802.
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