Overview

Adding up: Stronger aggregate private investment will fuel industry revenue growth

IBISWorld’s industry research report on Accounting Services in New York provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry profit margins have improved due to rising accounting fees and higher client volumes
  • Larger firms have benefited from offering an increasing number of services over the past five years
  • The industry will benefit from stronger business activity and an overall improving economy

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    Industry Analysis & Industry Trends

    The Accounting Services industry in New York is deeply entrenched in the New York state economy and has an outsized importance on the domestic industry, accounting for an estimated 13.6% of the national revenue, higher than its proportion of the national population. Many of the largest companies in the industry are headquartered in the New York City metropolitan area, and every major player in the industry has at least some presence in the city and surrounding regions. Over the next five years, the industry is expected to grow along with the general New York economy and strengthening private investment. Additionally, current attempts at tax reform could drastically enhance the need for companies to seek out tax assistance from industry operators...

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    Industry Report - Industry Locations Chapter

    Establishments in the Accounting Services industry in New York are heavily concentrated in New York City and the surrounding areas, such as Long Island and the Hudson Valley region. These areas are the most heavily populated and also are in the closest proximity to commerce centers, like Manhattan and Brooklyn. New York City is known as the financial capital of the United States and a high volume of large, public companies are located in the city. These operators are much more likely than private companies to require frequent auditing services and also are in charge of a greater asset value than many smaller companies, which incentivizes greater spending on tax planning. Additionally, New York City is home to many of the industry's largest players. Del..

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    Additional Insights for the Accounting Services in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Accounting Services in New York Industry are

  • Access to highly skilled workforce
  • Having a good reputation
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of Businesses in New York in the Accounting Services in New York industry impact industry performance..

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    Industry Products

    What is the Accounting Services in New York Industry?

    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. 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.

    Industry Products
    Financial auditing services
    General accounting services
    Tax planning and consulting
    Tax preparation and representation services
    Bookkeeping and other services
    Industry Activities
    Preparing audits for corporate clients
    Providing accounting advice to corporate clients
    Providing accounting advice to individuals and small businesses
    Providing general accounting services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Number of Businesses in New York
  • Initial public offerings
  • Per Capita Disposable Income in New York

  • Current Performance
  • Industry structure
  • Cyclical and countercyclical demand
  • New sources of income
  • Chart: Revenue Growth

  • Industry Outlook
  • Growth prospects
  • Consumer competition
  • New players amongst consolidation
  • Growing uncertainty
  • Table: Accounting Services in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Accounting Services in New York Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Finance and Insurance
  • Real Estate and Rental and Leasing
  • Professional, Scientific and Technical Services
  • Consumers

  • Key Selling Industries
  • Business Analytics & Enterprise Software Publishing
  • Commercial Leasing
  • Computer & Packaged Software Wholesaling
  • Furniture Stores
  • Office Stationery Wholesaling

  • Products & Services
  • Financial auditing services
  • Tax preparation and representation services
  • Bookkeeping and other services
  • Tax planning and consulting
  • General accounting services
  • Chart: Accounting Services in New York Industry Products and Services Segmentation

  • Major Markets
  • Financial services companies
  • Manufacturers
  • Retailers
  • Other businesses
  • Utilities and mining operators
  • Individuals
  • Government and nonprofit entities
  • Chart: Major Market Segmentation for the Accounting Services in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Accounting Services in New York

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Accounting Services in New York Industry

  • Major Companies
    Deloitte Touche TohmatsuErnst & YoungKPMG InternationalPricewaterhouseCoopers
  • Table: Deloitte Touche Tohmatsu - financial performance
  • Table: Ernst & Young - financial performance
  • Table: KPMG International - financial performance
  • Table: PricewaterhouseCoopers - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Accounting Services in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Accounting Services in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Corporate profit (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Auditing
  • The act of reviewing a company's financial operations to ensure regulatory compliance.
  • Initial Public Offering (Ipo)
  • The issuing of a company's common stock to the public for the first time.
  • International Financial Reporting Standards (Ifrs)
  • The standards, interpretation and framework for financial reporting adopted by the International Accounting Standards Board.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Accounting Services in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Accounting Services in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Accounting Services in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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