Accounting Services in Florida - Industry Market Research Report

  • ID: 4578260
  • Report
  • Region: Florida
  • 28 pages
  • IBISWorld
1 of 4
In the black: Due to high profits in the Sunshine State, more operators are entering the industry

FEATURED COMPANIES

  • Carr
  • EY
  • KPMG International
  • Riggs & Ingram LLC
  • MORE

Accounting Services in Florida

Over the five years to 2017, the industry has exhibited modest growth. For example, the number of businesses in the Sunshine State has increased in concert with economic growth, and many of these new companies have enlisted accounting firms to facilitate their operations. Companies within the finance sector, in particular, have increasingly relied on accounting firms to help them comply with new laws following greater regulatory oversight during the five-year period. Meanwhile, the number of adults aged 20 to 64 in Florida has increased, especially as net migration to the state has surged. Overall, these factors have contributed to growing demand for accounting services, which has been a boon to the industry. Growth for the Accounting Services industry in Florida is projected to soften slightly over the five years to 2022. The number of businesses across the state is forecast to increase less rapidly than the previous five-year period as the state's economy decelerates, contributing to slower growth in demand for accounting services. Moreover, the number of adults aged 20 to 64 is anticipated to soften as well, curbing the consumer market for accounting services. Nevertheless, greater uncertainty regarding the national tax code is projected to uphold demand, whereby companies and consumers alike will seek experienced accounting firms to plan and file taxes.

Firms in this industry are certified to audit the accounting records of public and private organizations and to demonstrate compliance to generally accepted accounting practices in the state of Florida. Certified public accountants (CPAs), included in this industry, provide a variety of accounting services, including auditing accounting records, designing accounting systems, preparing financial statements, developing budgets and providing advice on matters related to accounting.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Carr
  • EY
  • KPMG International
  • Riggs & Ingram LLC
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Deloitte Touche Tohmatsu LLC
  • PricewaterhouseCoopers LLP
  • EY
  • KPMG International
  • Carr
  • Riggs & Ingram LLC
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll