IPA Launches 2020 Survey Focused on Employee Transformation and Development

RESHAPING MINDSETS, SKILLSETS AND TOOLSETS

“Transforming while performing” is the mantra of many firms today, ensuring current performance while re-tooling and re-engineering the firm for the future. “Transformation” refers to many areas of business, including employees, technology, business model, business processes, partner activities, governance, pricing models, new performance metrics and even definitions of success. This month, we begin capturing information on employee transformation.

Throughout the year, INSIDE Public Accounting (IPA) will be collecting and reporting on information on the theme of Firm Transformations. This month’s focus is on employee transformation and development. Please consider taking the survey, which should take no more than 5 minutes to complete.

All survey participants will receive a complimentary copy of the results when published. The survey is open from Jan. 23 through Feb. 21.

 

TAKE THE SURVEY

The 2020 IPA Accounting Firm National Benchmarking Surveys are Open for Participation

The 2020 INSIDE Public Accounting (IPA) Annual Survey and Analysis of Firms is now open to all accounting firms in North America. The results of the annual survey are compiled in the IPA National Benchmarking Report. The data is also used to rank the IPA 100, 200, 300 and 400 firms, and the coveted IPA Best of the Best firms. If you would like to participate, please contact our office.

More than 550 accounting firms, ranging in size from $1 million to more than $1 billion in net revenue, participated in IPA’s 2019 Annual Survey and Analysis of Firms. All firms in the U.S. and Canada are encouraged to take part in one of the longest-running benchmarking surveys on accounting firm management.

Firms who would like to participate – at no cost – can contact IPA for details. Participating firms will receive an executive summary of the IPA National Benchmarking Report and will be eligible to be named a 2020 Best of the Best firm or an IPA Top 400 firm.

DEADLINES FOR SURVEY SUBMISSIONS – FIRMS WITH FISCAL YEAR-ENDS OF…

…May 2019 through December 2019: May 4, 2020

…January 2020 through March 2020: May 29, 2020

…April 2020: June 15, 2020

Note: IPA will not accept any submission after June 30, 2020.

THE 2020 IPA SURVEY AND THE INTERNAL OPERATIONAL SURVEYS ARE OPEN FOR PARTICIPATION

In conjunction with the National Benchmarking survey, IPA has launched the Firm Administration, Human Resources and Information Technology surveys. These surveys dig deeper into the operations and best practices of participating accounting firms across the U.S.

Your firm must complete the IPA Benchmarking Survey and Analysis form in order to participate in any of the internal operational surveys (Firm Administration, Human Resources and Information Technology). If you would like to participate, contact our office.

BENEFITS OF PARTICIPATION

If you fully participate in the survey, your firm will be included in one of the largest annual management of an accounting practice (MAP) survey in the country. You will:

  • Become eligible to be ranked among this year’s top firms in the IPA 100, IPA 200, IPA 300 and IPA 400.
  • Become eligible to be named an IPA Best of the Best firm.
  • Receive a complimentary copy of IPA’s August 2020 newsletter, which highlights the annual IPA 400 firm rankings, along with a detailed financial and operational analysis of the IPA 100 firms.
  • Receive complimentary imagery and press releases if your firm is named an IPA 400, a Best of the Best firm or a Fastest-Growing firm.
  • Receive an electronic complimentary copy of the 2020 Executive Summary of the IPA National Benchmarking Report. If you participate in any or all of the internal operational surveys, you will also receive a complimentary executive summary when published in the fall.
  • Receive preferred pricing on accolade reprints for marketing purposes.
  • Receive preferred pricing on the 2020 IPA National Benchmarking Report, the internal operational reports and other benchmarking tools.
  • Be given preference as a source for articles written by IPA throughout the year – an excellent opportunity to market your firm.
  • Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader in the nation.

CONFIDENTIAL DATA – WHAT YOU CAN EXPECT FROM INSIDE PUBLIC ACCOUNTING

All confidential firm data, including salaries, compensation, income, etc., will be held in strict confidence and will NOT be shared or publicized in any of the final reporting. We take extreme pride in our ability to collect this data to assist the profession and are now celebrating nearly three decades of surveying accounting firms across the globe.

Please contact IPA at survey@plattgroupllc.com with any concerns or questions. IPA conducts a thorough review of each survey submission for omissions or errors and will reach out to the contact person named on the submitted survey form for any clarifications / updates. Some data, such as firm name, MP(s) name, firm net revenue and organic growth may appear in the IPA newsletter (if accolades are given).

The 2019 Most Recommended Consultants

Based on more than 550 participating firms in the 2019 IPA Survey and Analysis of Firms, the following individuals represent the 2019 IPA Most Recommended Consultants. These individuals received the highest share of responses to the 2019 IPA survey question: “Please name up to three outside consultants / companies your firm has used whom you would recommend.”

IPA congratulates all the consultants whose dedication and leadership is a credit to the profession.

Company Name ConsultantWeb Address
Boomer Consulting Inc.Gary Boomer / Jim Boomerwww.boomer.com
ConvergenceCoaching LLCJennifer Wilsonwww.convergencecoaching.com
Crosley Company Gale Crosleywww.crosleycompany.com
Esposito CEO2CEO LLC Dom Esposito www.espositoceo2ceo.com
Koltin Consulting Group Allan Koltin www.koltin.com
Network Management Group Inc. Randy Johnston www.nmgi.com
Right Networks Roman Kepczyk www.rightnetworks.com
Succession Institute LLC Bill Reeb www.successioninstitute.com
The Platt Consulting Group Michael Platt www.insidepublicaccounting.com
Upstream Academy Sam Allredwww.upstreamacademy.com

The 2019 IPA Accounting Firm National Benchmarking Surveys Are Open For Participation

The 2019 INSIDE Public Accounting (IPA) Annual Survey and Analysis of Firms is now open to all accounting firms in North America. The results of the annual survey are compiled in the IPA National Benchmarking Report. The data is also used to rank the IPA 100, 200, 300 and 400 firms, and the coveted IPA Best of the Best firms. If you would like to participate, please contact our office.

DEADLINES FOR SURVEY SUBMISSIONS – FIRMS WITH FISCAL YEAR-ENDS OF…

…May 2018 through December 2018: May 3, 2019

…January 2019 through March 2019: May 31, 2019

…April 2019: June 14, 2019

Note: IPA will not accept any submission post June 28, 2019

THE 2019 IPA SURVEY AND THE INTERNAL OPERATIONAL SURVEYS ARE OPEN FOR PARTICIPATION

Your firm must complete the IPA Survey and Analysis form in order to participate in any of the Internal Operational Surveys (Firm Administration, Human Resources and Information Technology). If you would like to participate, contact our office.

BENEFITS OF PARTICIPATION

If you participate in the survey, your firm will be included in the largest annual management of an accounting practice (MAP) survey in the country. Survey respondents are benchmarked with more than 550 firms nationwide and will be ranked among this year’s top firms in the IPA 100, IPA 200, IPA 300 and IPA 400. Your firm will also be eligible to be named an IPA Best of the Best Firm in the nation.

You will receive a complimentary copy of the August 2019 issue of the award-winning INSIDE Pubic Accounting newsletter. This issue highlights the annual IPA 100, 200 and 300 firm rankings, along with a detailed financial and operational analysis of the rankings.

You will also receive an electronic complimentary copy of the 2019 Executive Summary of the IPA National Benchmarking Report. If you participate in any or all of the Internal Operational surveys, you will also receive a complimentary executive summary when published in the fall.

You will receive preferred pricing on the 2019 IPA National Benchmarking Report, the Internal Operational Reports and other benchmarking tools. You may pre-order your reports now.

You will get preference for selection in articles written by IPA throughout the year, (an excellent opportunity to market your firm).

Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader in the nation.

CONFIDENTIAL DATA – WHAT YOU CAN EXPECT FROM INSIDE PUBLIC ACCOUNTING

All confidential firm data, including salaries, compensation, income, etc., will be held in strict confidence and will NOT be shared or publicized in any of the final reporting. We take extreme pride in our ability to collect this data to assist the profession and are now celebrating nearly three decades of surveying accounting firms across the globe.

Please contact IPA at survey@plattgroupllc.com with any concerns or questions. IPA conducts a thorough review of each survey submission for commonly missed areas and for any errors. IPA will contact the contact person named on the submitted survey form for any clarifications / updates. Some data, such as firm name, MP(s) name, firm net revenue, and organic growth may appear in the IPA newsletter (if accolades are given).

IPA ASSOCIATION PARTNERSHIPS

INSIDE Public Accounting is pleased to partner with the following associations to provide survey and benchmarking services for their member firms: Alliott Group North America, CPAmerica International, DFK International, INPACT Americas, LEA Global, Moore Stephens North America and PrimeGlobal. Please contact The Platt Group / IPA with any questions at (317) 733-1920.

Congratulations to the 2018 All Growth Fastest-Growing Firms

Among the more than 550 U.S.-based firms that participated in this year’s IPA survey we find a handful that are the envy of their peers – the fastest-growing accounting firms in country, factoring in the effects of mergers and acquisitions. This year, IPA has identified the Top 10 Fastest-Growing Firms (All-Growth), which includes organic growth and growth in net income from mergers.

This year’s Fastest-Growing Firms experienced an impressive average all growth increase in net revenue of 45.2%.

The 2018 All Growth Fastest-Growing Firms

Hoffman Short Rubin DeWinter Sanderson / Covina, Calif. / 85.0%
Moss Krusick & Associates LLC / Winter Park, Fla. / 72.3%
Giambalvo Stalzer & Company CPAs / Great River, N.Y. / 45.0%
Squar Milner LLP / Newport Beach, Calif. / 40.0%
Bland & Associates PC / Omaha, Neb. / 37.6%
Wallace Plese + Dreher LLP / Chandler, Ariz. / 36.5%
Prager Metis CPAs LLC / New York / 35.8%
Tidwell Group LLC / Birmingham, Ala. / 34.6%
DMJ & Co. PLLC / Greensboro, N.C. / 32.6%
HMWC CPAs & Business Advisors / Tustin, Calif. / 32.5%

View the 2018 IPA 100, 200, 300 and 400 rankings.

Order your 2018 IPA Benchmarking Tools.

IPA Releases Annual Benchmarking Reports / Executive Summaries

Order the Reports

The nation’s accounting firms are growing more slowly this year than in 2017, according to INSIDE Public Accounting (IPA) 29th annual National Benchmarking Report.

The report, the largest of its kind, is based on survey results from 532 North American accounting firms with fiscal year ends from September 2017 to May 2018.

“While revenue growth has slowed, firms are recognizing that their tried-and-true business models needs a revamp,” says IPA publisher Michael Platt. “Firm leaders are therefore investing in new technologies and services now to help their clients adapt to a business environment that has never undergone such rapid change.”

The report analyzes data from 198 firms under $10 million, 254 firms between $10 million and $50 million, and 80 firms above $50 million in net revenue.

INSIDE Public Accounting’s National Benchmarking Report provides detailed information in 80+ pages of tables presented in nine different revenue bands and regional breakouts so firms can easily benchmark their performance against other similar-sized firms.

Key highlights from the 2018 INSIDE Public Accounting National Benchmarking Report:

  • Top-line revenue organic growth fell this year to 4.6% and all growth fell to 6.6%, down from 2017 levels of 6.3% and 8.3% respectively.
  • Merger activity remains strong, with 53% of firms above $50 million reporting at least one merger last year. Across all firms, 22% reported at least one merger, with the most merger activity in the Great Lakes region, with 34% of this region acquiring at least one firm last year.
  • Billing rates are up for equity partners this year by 3.8% to an average of $358 for all firms. The largest increase was seen in the Great Lakes and Northeast, averaging $339 and $374 per hour, respectively.
  • Net income growth averages slowed again to 5.0% for all firms from 5.2% in 2017. Factoring in the effects of mergers, the all-growth rate slowed to 5.8%, down from 6.4% in 2017.
  • The average equity partner compensation for all firms is 2.2 times the average non-equity partner compensation.
  • The average percentage of female ownership this reporting year is at 19.4%, up from 18.9% in 2017. Among firms above $50 million, the average is 16.5%, up from 15.9% last year.
  • Of the more than 10,000 equity partners reported by participating firms, 181, or just under 2.0%, work a part-time or alternative schedule.
  • The average percentage of total professional staff with a CPA license continues to inch downward, as the possibilities for non-CPA professionals expand due to more non-traditional services. Some staff simply have not yet sat for the CPA exam, but across all firms, CPAs now make up an average of 56.8% of all professional staff, including all partners.

The IPA National Benchmarking Report is used by managing partners, firm leaders, marketers, attorneys, firm administrators and business development directors to compare their firm’s performance against others, and to uncover trends, ideas and techniques to improve operations.

The 2018 INSIDE Public Accounting National Benchmarking Report covers partner compensation, administrative salaries, revenue by service line, partner workloads, marketing costs, training requirements, realization, retirement plans and dozens of other metrics – both by revenue band and region of the country.

For additional insight into the results of the 2018 IPA National Benchmarking Report, access a complimentary copy of the executive summary or order your 2018 Benchmarking Reports.

 

Congratulations to the 2018 IPA 100 All Growth Fastest-Growing Firms

IPA identifies the 10 fastest-growing IPA 100 firms based on reported all growth in net revenue, including the influence of mergers.

This year’s IPA 100 Fastest-Growing Firms experienced an impressive average all growth increase in net revenue of 27.9%.

The 2018 IPA 100 All Growth Fastest-Growing Firms

Squar Milner LLP / Newport Beach, Calif. / 40.0%
Prager Metis CPAs LLC / New York / 35.8%
The Siegfried Group LLP / Wilmington, Del. / 30.5%
Schellman & Company LLC / Tampa, Fla. / 28.1%
Lutz / Omaha, Neb. / 25.6%
Cohen & Company / Cleveland / 25.3%
Kearney & Company / Alexandria, Va. / 25.0%
Armanino LLP / San Ramon, Calif. / 24.4%
Macias Gini & O’Connell LLP / Los Angeles / 22.8%
RubinBrown LLP / St. Louis / 21.8%

View the 2018 IPA 100, 200 and 300 rankings.

Order your 2018 IPA Benchmarking Tools.

Just Announced: The 2018 IPA 100

Congratulations to the 2018 IPA 100 Firms

INSIDE Public Accounting unveils the IPA 100 – the annual list of the largest 100 accounting firms in the country. Find out if your firm made the list.

IPA subscribers and firms that completed the IPA survey will receive the August issue, which features the IPA 100, IPA 200 and IPA 300 list, the fastest-growing IPA 100 firms, and an analysis of the data. The newsletter will be released this week.

Demographics of the Public Accounting Profession – 2018

The Big 4 firms collectively represent $56.5 billion in revenues, making up 75% of the total revenue of the IPA 100. The next 96 firms represent $20.1 billion in total revenues. Excluding the Big 4, 42 firms are known as the IPA $100 Million Club, with revenues above that number. The 96 non-Big 4 firms collectively employ more than 90,000 staff across the United States.

View the 2018 IPA 100, 200 and 300 rankings.

Reprints

For copies of the 2018 IPA 100 Firms issue, customized reprints and pricing information, please contact Chelsea Summers.

Subscribe to the IPA monthly newsletter today!

About The Platt Group and INSIDE Public Accounting: INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report.

Congratulations to the 2018 IPA 100 Fastest-Growing Firms

IPA identifies the 10 fastest-growing IPA 100 firms based on reported organic growth in net revenue, without the influence of mergers. While growth with mergers represents the true growth, isolating organic growth provides insight into the strength of the growth engine of the firms.

This year’s IPA 100 Fastest-Growing Firms experienced an impressive average organic increase in net revenue of 18.3%.

The 2018 IPA 100 Fastest-Growing Firms

The Siegfried Group LLP / Wilmington, Del. / 30.5%
Schellman & Company LLC / Tampa, Fla. / 28.1%
Kearney & Company / Alexandria, Va. / 25.0%
Raich Ende Malter & Co. LLP / New York / 20.4%
Cohen & Company / Cleveland / 16.1%
Frazier & Deeter LLC / Atlanta / 13.0%
Berkowitz Pollack Brant / Miami / 12.7%
SC&H Group / Sparks, Md. / 12.5%
SingerLewak / Los Angeles / 12.3%
Andersen Tax / San Francisco / 12.2%

View the 2018 IPA 100, 200 and 300 rankings.

Order your 2018 IPA Benchmarking Tools.

Congratulations to the 2018 IPA 200 and 300 Firms

The IPA 200 list takes up where the IPA 100 leaves off, ranking the 101st through 200th largest accounting firms in the nation. The accompanying analysis, scheduled for the September issue of IPA, is one of the most comprehensive, accurate and largest of its kind and reflects the “state of the union” of the profession.

The annual IPA 300 list takes up where the IPA 200 leaves off, ranking the 201st through 300th largest accounting firms in the nation.

View the 2018 IPA 100, 200 and 300 rankings.

Reprints

For copies of the 2018 IPA 200 and 300 Firms issue, customized reprints and pricing information, please contact Chelsea Summers.

Subscribe to the IPA monthly newsletter today!

About The Platt Group and INSIDE Public Accounting

INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report.