Accounting Office Management & Administration Report

Once, a headline like the one on this story would have been unthinkable—and even more unimaginable would have been CPA firms raising their rates every year for several years running. But respondents to our recent CPA Firm Strategic Outlook Survey told us they have raised rates from 1% to more than 5% for the 2006-2007 fiscal year. More than half (53.9%) of firms have raised rates from 1% to 5% and 38.3% have raised rates more than 5%.