Statistics compiled by Badenoch & Clark show the basic salary of an
accountancy professional was up by an average of 3.7% in 2007. Qualified staff
working in an accountancy practice had bigger salary increases – up 4% – a
figure which trail some industry sectors.
Accountants working in the energy industry fared best, reporting an average
rise of 5.3%, followed by those in property, pharmaceuticals, media and
financial services who also benefited from above average increases,
However, the statistics showed that accountants working in services and
consultancy experienced an average pay increment of just 2.7%.
The report also revealed that managers working in Big Four firms earned
between £48,000 and £65,000, compared with the £45,000 to £55,000 paid to those
in equivalent roles in middle-tier practices.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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