MAP Survey Results Released
Local and regional firms across the U. S. reported revenue growth, salary increases and expansion of core service offerings in 2004, and feel optimistic heading into 2005, according to this year's PCPS/Texas Society of CPAs (TSPCA) National Management of Accounting Practice (MAP) Survey. More than 30% of the 2,373 local and regional firms surveyed this year experienced an increase in revenue of at least 10%, while 14% indicated an increase of greater than 20% in their most recent fiscal year.
The average total revenues for CPA firms responding to the survey was $1.48 million. Profits increased slightly as a percentage of total income from 36% to 36.8% over the 2003 results. Consistent with last year's findings, the three largest sources of income for local and regional firms are tax services (48.5%), compilations (12.5%) and write-up/data processing (12%).
The National MAP Survey Results Report may be purchased for $300 with a $100 discount to participants and a $100 discount for AICPA members. Results are free to PCPS members. The participating firm report includes a customized PDF document as well as access to an online tool that allows firms to format and search the data to best fit their needs. The national report is available to non-participating firms. New this year, a detailed commentary on CPA best practices and management insights will be available. For more information, call 1-800-CPA-FIRM or visit www.pcps.org and click on the 2004 PCPS/TSCPA National MAP Survey logo on the left side of the screen.
