Research Reports

The new and expanded CPA Firm Statistical Analysis Reference Handbook 2008, providing exclusive data and analysis from IOMA’s annual CPA firm survey, is now available.

With it, you can shore up your CPA firm’s processes for 2008 and compare your performance to your peers in firms across the country. You get key benchmarks and operational data—on compensation, bonuses, chargeable and total hours, fees, leverage, profit margins, net income per partner, and more—all broken down by gross fees and firm size.

Published by IOMA and prepared by the editors of the respected monthly newsletter, Accounting Office Management & Administration Report, the new 2008 edition reveals key statistics, such as:

• Billing rates for CPA firm owners averaged $229 per hour, $15 per hour above last year's rates, with non-equity owners surging to $235 per hour this year.
• Generally speaking, compensation was higher compared to last year's results. Overall, partner compensation (excluding bonuses or perks) rose substantially, to $344,165 for the highest range of owners in 2007. The average group earned $216,619 and the lowest group, $153,317. The average salary for a non-equity owner also soared, to $140,851, with an average bonus of $16,074.

• Among staff CPAs, supervisors/managers billed on average $167 per hour in 2007; seniors, $121; juniors, $102; juniors who had not yet passed the CPA exam, $91; paraprofessionals, $81; firm administrators, $99; and marketing directors, $115. Of these, only administrators and marketing directors averaged less than last year.

No-Risk Web Offer: If you're dissatisfied with the report for any reason, return it within 30 days and you'll receive a full refund—with no questions asked.

Click here to review this report's Table of Contents and Introduction.