BusinessCompany NewsProfession growth expected to fall

Profession growth expected to fall

Strong growth being recorded by accountancy firms is expected to drop off into 2009

The UK accountancy market is expected to grow by a rate of 7.2% this year,
according to online market research site, researchandmarkets.com

Despite this,
the
Accountancy Market Report 2008
shows a predicted lapse in growth by 0.6% to
6.4% by the end of 2009, but it is then expected to grow at a marginally higher
rate beyond that.

Consolidation activity between accountancy firms is likely, according to the
report.

Despite the unparalleled dominance of the Big Four, mid-tier firms reported
an increase in growth rates in 2007

Demand for tax advice has remained consistently strong year-on year and this
is predicted to continue through the current economic climate.

Further Reading:

An
open and closed case

Smith
& Williamson boasts 13% growth

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