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2018 Market Analysis & Industry Outlook: Offices of Certified Public Accountants

Overview: the U.S. Offices of Certified Public Accountants Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Offices of Certified Public Accountants: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Offices of Certified Public Accountants industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Tax Auditing Services

Bookkeeping And Compilation Services

Full-Service Bookkeeping With Compilation Services

Bookkeeping Services Sold Separately

Compilation Services Sold Separately

Financial Auditing Services

Financial Statement Auditing

Specialized Financial Auditing

Financial Statement Review, Engagement, And Agreed-Upon Procedures For Financial Information

Other Financial Assurance And Related Services

Non-Financial Assurance And Related Services

General Accounting Services

Payroll Accounting Services

Full-Service Payroll Services

Payroll Services Sold Separately

Tax Planning And Consulting Services

Tax Planning And Consulting Service - Individuals And Unincorporated Businesses

Tax Planning And Consulting Service - Corporate And Other Clients

Tax Preparation And Representation Services - Individuals And Unincorporated Businesses

Tax Preparation And Representation Services - Corporate And Other Clients

Computerized Accounting Systems Services

Personal Financial Planning Services

Management Consulting Services

All Other Receipts

All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Offices of Certified Public Accountants Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Offices of Certified Public Accountants companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Offices of Certified Public Accountants company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Offices of Certified Public Accountants industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Offices of Certified Public Accountants measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 49%
Financial Specialists 46%
Accountants and Auditors 37%
Accountants and Auditors 37%
Tax Examiners, Collectors and Preparers, and Revenue Agents 7%
Tax Preparers 7%
Office and Administrative Support Occupations 37%
Financial Clerks 17%
Bookkeeping, Accounting, and Auditing Clerks 10%
Bookkeeping, Accounting, and Auditing Clerks 10%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 5%
Other Office and Administrative Support Workers 6%
Source: Bureau of Labor Statistics

Offices of Certified Public Accountants Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Izea trademarks "AUGMENTED SPONSORSHIP" - Advertising and marketing - 01/19/2018
  • Signaturefd trademarks "SIGNATUREPRO" - Tax assessment, tax consultation, tax preparation, and business risk management services; family business consulting - 01/19/2018
  • Systems Associates trademarks "INIGMA" - Software as a service (SAAS) services - 01/13/2018
  • VergePointe Capital Fund XXII raises $5 million in funding. - 11/28/2017
  • Marcum patents Automatic Tracking Of Contact Interactions - 04/21/2016
  • Atlas44 raises $9 million in funding. - 03/28/2016
  • Connected Holdings raises $10 million in funding. - 01/08/2015
  • Izea patents Concepts For Advertising Opportunities - 12/04/2014
  • Ryan patents Method For Automatic Testing Of Tax Software - 10/23/2014

  • Top Innovators

    CompanyInnovation Score

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Report: Automation Will Reshape the NYC Job Market - “It’s not just factory floors, it’s coming for office towers; it’s coming for trading ... New York State Society of Certified Public Accountants has been crisscrossing the state, advising firms to consider diversifying and offering services like ... (01/12/2018)
    • Mayor Al Smith Welcomes Michael Lamela CPA in Scotch Plains - he took a part time job at a small CPA firm helping out during tax season and gained a new appreciation for accounting. Upon graduating, he was offered a full time position as a staff accountant. A few years later, he became licensed as a Certified Public ... (01/12/2018)
    • 2018 election season kicks off with pair of filings - “County Auditor Nick Jordan and State Auditor Tera Klutz are both certified public accountants and we've seen first-hand the great things they've accomplished. Being an attorney in the clerk's office has already allowed me to bring many benefits to the ... (01/11/2018)
    • Likes opens new accounting firm in downtown Davis - Certified public accountant Meaghan Likes recently opened her ... “I look forward to using my broad experience to fulfill those needs.” Likes Accounting Company offices are at 355 Second St., Suite B, in downtown Davis. Likes has nearly 15 years ... (01/05/2018)
    • Your paycheck may be going up soon because of tax cuts - FILE - In this Jan. 14, 2017 file photo, tax professional and tax preparation firm owner Alicia Utley reaches for hard copies of tax forms while working to stay caught up at the start of the tax season rush in her offices at Infinite Tax Solutions ... (01/05/2018)
    • Regulators Focus on Audit Quality, New Accounting Standards and Other Developments at 2017 AICPA Conference - Always a fertile source of guidance, this year’s American Institute of Certified Public Accountants Conference on Current SEC ... Setting the stage for the upcoming year, the SEC Office of the Chief Accountant’s (OCA) priorities were discussed during ... (01/02/2018)
    • Elgin accounting firm announces merger - Mulcahy, Pauritsch, Salvador & Co., a certified public accounting firm with offices in Orland Park and Burr Ridge has merged with Mueller & Co. and will operate under the Mueller name and continue to serve clients in their respective offices. "MPS is a top ... (01/02/2018)
    • New Jersey Accounting Firms Merge - The Cliffside Park office will remain open in addition to MSPC’s Cranford and Manhattan locations. Founded in 1944, MSPC Certified Public Accountants and Advisors, P.C. provides assurance, tax, and consulting services to a wide-range of industries with ... (01/02/2018)
    • April Hatfield, CPA, promoted to partner at McClanahan and Holmes - McClanahan and Holmes, LLP, Certified Public Accountants, has served Northeast Texas and Southeast Oklahoma since the firm was formed in 1952. With April’s addition, the firm will have 7 partners with offices in Bonham, Paris, and Denison, Texas. (12/28/2017)
    • Research and Markets: 2013 U.S. Offices of Certified Public Accountants Industry-Capital & Expenses Report - has announced the addition of the "2013 U.S. Offices of Certified Public Accountants Industry-Capital & Expenses Report" report to their offering. The 2013 U.S. Offices of Certified Public Accountants Industry-Capital & Expenses Report, published annually ... (02/21/2013)

    Government Contracts

    In 2016, the federal government spent a total of $545,550,206 on Offices of Certified Public Accountants. It has awarded 2,363 contracts to 168 companies, with an average value of $3,247,323 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Public accountants' (CPAs) private practices, certified, Accountants' (i.e., CPAs) private practices, certified public, Auditing services (i.e., CPA services), accounts, Auditors' (i.e., Auditing accountants' (i.e., CPAs) offices, Certified accountants' offices, Public accountants' (CPAs) offices, Certified public accountants' (CPAs) offices, Accounting (i.e., CPAs) services, CPAs' (certified public accountants) offices, etc.

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