The Economy of Accounting Firms

Accounting firms in the US are doing well. According to the American Institute of Certified Public Accountants (AICPA), there were 1,569,000 accounting and auditing jobs in the US in 2019. This was an increase of 2.4% from 2018. The median annual wage for accountants and auditors was $71,550 in 2019, which was an increase of 3.7% from 2018. The number of accounting firms in the US has also been increasing steadily since 2010 and is currently estimated to be around 50,000.

Pros and Cons of Accounting Firm Loans

Starting an accounting firm is an exciting and rewarding venture. With most businesses now required to employ the services of an accountant, there are ample opportunities to make your mark in this field. Accounting firms must have a range of skills and resources, and it is important to take the necessary steps so that your firm will be successful and profitable.