entering the final quarter of 2006, cpas’ economic outlook for the year 2007 can be termed good and improving.
highlights:
in this study, 54% of respondents work in public accounting and 33% work in business & industry.
83% of respondents work in the small-business/small-office environment.
58% of respondents hold c-level decision-making positions.
another 23% hold senior staff and general management positions.
66% of respondents are positive about the business and economic outlook.
41% voice growing confidence, versus 24% reporting no change in their opinion and 25% reporting less confidence.
cpas are most confident about the prospects for themselves, their families, and their own businesses.
respondents are generally optimistic about the environment for revenue growth and profits.
they are less optimistic about the climate for expansion, mergers and acquisitions, and cost of goods.
key problem areas going forward continue to be lack of available staff, affordable health insurance and government regulation.