{"id":118596,"date":"2023-10-29t11:59:09","date_gmt":"2023-10-29t15:59:09","guid":{"rendered":"\/\/www.g005e.com\/?p=118596"},"modified":"2023-11-29t10:50:35","modified_gmt":"2023-11-29t15:50:35","slug":"cpa-biz-is-booming-but-for-how-long","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/10\/29\/cpa-biz-is-booming-but-for-how-long\/","title":{"rendered":"cpa biz is booming, but for how long?"},"content":{"rendered":"
<\/strong><\/p>\n five reasons that growth in profit is outpacing growth in revenue.<\/strong><\/p>\n by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n the rosenberg 2023 practice management survey exults in the growth and profitability of cpa firms last year, but warning bells are flashing. how long can this keep up?<\/p>\n more: <\/b><\/strong>survey respondents see exciting year coming up<\/a> | survey: accountants economic outlook brightens<\/a> | research: accounting pros cautiously optimistic about generative ai<\/a> the good news:<\/strong> firms with revenue greater than $2 million saw 2022 average income per partner soar 11.8 percent over the previous year, and revenue shot up 11.4 percent. this was the second year that profits grew faster than revenue.<\/p>\n yay, right? hope is not a strategy<\/strong><\/p>\n accountants have risen to the opportunities for revenue and profit, but to rake in the dough, they\u2019ve had to stretch themselves to their limits, the survey says. the severe staffing shortage has practitioners working harder than ever.<\/p>\n and the instability of the economy hasn\u2019t helped.<\/p>\n meanwhile, the efficiencies of new technology come with new demands for investment, training and imagination.<\/p>\n and cpa firms are now competing for not just clients but staff.<\/p>\n the situation is tolerable now but getting more serious fast.<\/p>\n \u201cdoing nothing is not an option,\u201d the survey foreword says, \u201cand hope is not a strategy.\u201d<\/p>\n five coping strategies<\/strong><\/p>\n growth in profit is outpacing growth in revenue for several reasons other than burning the midnight elbow grease. each reason widens the profit-revenue ratio by either lowering costs or increasing production.<\/p>\n though the stats in this year\u2019s survey tell us a lot about what happened last year, they are harbingers of what\u2019s to come. and what\u2019s to come is going to be different from what\u2019s already come and gone.<\/p>\n
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\nyay, yes \u2013 but whoa, wait! the gush of income has come at a cost, and that cost shows no sign of easing off.<\/p>\n\n