A new report found that nearly three-quarters of accounting firms saw an increase in revenue (74%) and profits (73%) in the past year.
More than half (56%) of the firms said they added new clients because of enhanced operational efficiency and expanded service offerings.
The report from Xero, a cloud-based accounting software provider, surveyed 250 accountants and bookkeepers working in practices across the U.S.
According to the report, 91% of accounting firms that began offering client advisory services said it made them look more knowledgeable to clients. See more findings.