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how accountants plan to celebrate the end of busy season
top 40 firm networks show gains worldwide.
london — a new world accounting survey reports that there has been a marked improvement in the performance of firms and firm networks since 2009, and deloitte superseded pwc as the world’s largest professional services network for the first time.
“this year’s survey shows definite improvement, with only four networks failing to grow revenue, which is a complete turnaround in fortunes from last year,” says arvind hickman, editor of the international accounting bulletin, which compiled he survey. “revenue growth for networks increased 2 percent. however the revenue growth of associations contracted 2 percent.”
wall street: mom-and-pop tax shops in peril.
john hewitt, the founder of jackson hewitt and now ceo of liberty tax, expects a huge shakeout because of the new irs requirement for paid tax-return preparers to register with the government.
market share for the two largest tax chains, h&r block and jackson hewitt, has eroded by about 9% in the past four years as do-it-yourself online tax software gained ground. turbotax, for example, grew by about 121%. but the new irs ptin rules may slow the decline by forcing out mom-and-pop paid preparers, according to wall street analysts. read more →