1 in 5 Firms Expects Double Digit Growth in 2015
In a recent poll, just over one in every five CPA firms (22%) indicated that they expect revenue growth of more than 10 percent in the new year.
Firms with revenues under $200,000 are even more optimistic, with 24.1% expecting double-digit growth, while 25.4 percent firms with revenues between $200,000 and $1 million have the same high expectations. Just over 20% of firms with over a million in revenue are aiming that high.
Overall, 41 percent of firms expect 2015 growth over 6%, and a further 20 percent expect growth between 4 and 5 percent. Flat revenues are predicted at 9% of CPA firms survey, and a decline at 3.7%.
The “2015 Year Ahead” survey, conducted by Accounting Today in October, polled over 200 CPA firms in late October on their plans and expectations for 2015.