Accounting and Bookkeeping Firm Revenue Breakdown Using data from survey respondents, we can break down firm revenue in 2023 by firm size, working style, and firm age. Firm size: Solo firms made an average of $62,327. Firms with 2 to 5 employees made an average revenue of $292,292.
Small firms: under $10M in revenue; most will be much lower than $10M. There are a few thousand firms in this size range. Using an average of $210,000 of revenue per person (per the latest Rosenberg MAP Survey), total personnel would be 50 people or fewer. Mid-sized firms: $10M–$58M.
Can you make $500,000 a year as an accountant? It is possible, but labor market data suggests it is rare for accountants to earn such a lofty annual salary.
PwC global revenues rise to US$56.9 billion. LONDON, 28 October 2025 — For the 12 months ending 30 June 2025, PwC firms around the world reported record gross revenues of US$56.9 billion, growing by 2.7% in local currency and 2.9% in US dollars over the FY24 gross revenues of US$55.4 billion.
London, 16 December 2025 — KPMG International today announced globally aggregated revenues on a continued operations basis for KPMG firms of $39.8 billion for the year ended 30 September 2025 (FY25), marking a 5.1% increase in local currency terms and 5.4% in US$ from FY24.
Can accountants make 300k? Yes, it is possible for accountants to make $300,000 a year or more, especially those working in public accounting or executive finance roles. However, salaries at this high level typically require extensive experience, professional qualifications, and a track record of success.
While ZipRecruiter is seeing salaries as high as $291,137 and as low as $21,218, the majority of Cpa Firm Owner salaries currently range between $26,200 (25th percentile) to $123,400 (75th percentile) with top earners (90th percentile) making $238,830 annually in California.
Often, the multiple is one; however, the multiple can range from 0.5 to 1.5 times the revenue, depending on the market conditions and firm appeal. Using these multiples as an example, a firm generating $500,000 in annual revenue could sell for as low as $250,000 or as high as $750,000.
Top 15 Highest Paying Accounting Jobs (Inc Salaries)
With that caveat, earning $250,000 per year means you're at least in a solid position to consider a $1 million house. If you're running the numbers and come to the conclusion a $1 million sticker price is a stretch for you, don't panic.
Fast-forward a few years, and Erica now runs an accounting practice making over $200,000 yearly—on less than 15 hours of work per week.
If your business has achieved $1MM in revenue, congratulations on beating the odds (estimated by the SBA), which say that 30% of small businesses fail within the first year, 50% within five years and 66% during the first ten.
However, industry and consulting firms list accounting firms as one of the single most profitable small businesses a person can start right now. Here are a few questions to consider when starting a firm: Do you want to be a cog in the machine or own a firm?
CPAs often earn between $70,000 and $120,000 annually, depending on experience. Financial analyst: These professionals assess financial data to help companies make investment decisions. Financial analysts typically earn $85,000 to $100,000 per year.
Dan Price slashed his own $1.1 million CEO salary so that everyone at his company would earn a minimum of $70,000 a year. He made the change after learning one of his employees was working full-time but couldn't afford rent. Critics called him naive and said that his company Gravity Payments would go out of business.
Looking at the different salaries on average, CEOs earn two to five times more than CFOs in terms of total compensation, depending on company size and sector. CFOs are normally amongst the highest-paid individuals in an organization. However, their salary is typically below that of a CEO.
JPMorgan CEO Jamie Dimon's annual compensation for 2024 rose to $39 million as the bank reported record-breaking revenue for the seventh year running. In an SEC filing seen by Fortune, the Wall Street giant confirmed Dimon had been awarded a $3 million pay rise compared with his compensation package a year ago.
A $400K salary job typically refers to a high-paying position in industries like medicine, law, finance, or technology. These roles often require advanced degrees, specialized skills, and years of experience. Examples include surgeons, top-level executives (CEOs, CFOs), investment bankers, and successful entrepreneurs.
A CPA's salary is often in the high five figures, with senior CPAs in management earning six figures. CPAs work in a variety of sectors, including forensic accounting, tax preparation, auditing, bookkeeping, and information technology, in both the commercial and public sectors, as well as for the federal government.
What's striking is how many people in the United States earn exceptionally high salaries. While just 0.79 percent of jobs in the country paid more than $500,000 per year, that's well more than 1 million positions.
Deloitte and PwC are described as more competitive.