Accounting Firm

Success Stories

Pros & Cons

Business Idea: Start An Accounting Firm in 2024

Pat Walls

•

Updated: October 2nd, 2024

Avg Monthly Revenue

$293K

Avg Startup Costs

$18.9K

Score

Market Size

$108B

Avg Revenue

$293K/month

Min Revenue

$8K/month

Max Revenue

$500K/month

Avg Days To Build

60 days

Market Size

$108B

Avg Revenue

$293K/month

Min Revenue

$8K/month

Max Revenue

$500K/month

Avg Days To Build

60 days

Accounting firms provide audit, assurance, consulting, financial advisory, risk management, and tax compliance services.

Professionals are increasingly choosing to work independently rather than for employers. Thus, you may consider starting an accounting firm if you are an accountant.

To ensure a successful business, you must have a blend of accounting skills and experience. Like starting any other business, you must have the drive and the initiative to start your business.

Overall, the success of an accounting firm depends on marketing your services.

Revenue & Profitability

How much do accounting firms make?

On average, successful accounting firms report $3.51M/year in revenue.

Startup Costs

How much does it cost to start an accounting firm?

It can cost as low as $1,000 to start an accounting firm.
It can cost as high as $500,000 to start an accounting firm.

Learn more about the costs of an accounting firm.

Examples Of Successful Accounting Firms

Successful accounting firm businesses and case studies

Building A $4M/Year Company For SMEs: A Slow And Sustainable Growth Approach

Dubai-based SimplySolved has flourished since it was founded six years ago, thanks to its ISO certifications and skilled team. It manages more than 300 companies, handling all aspects of their back-office operations, and turns over $4m annually, experiencing growth of 40% a year, while retaining 4.9 out of five in Google rankings. Founder Haroon Juma says a solid platform, automation and providing a seamless user experience were among his priorities when launching.

$500K Monthly Revenue

$500K Startup Costs

Read by 1,778 founders

Our Accounting Tax Law Advisory Firm Will Surpass $10M Revenue in 2023

Gauvreau Accounting Tax Law Advisory has gone from $220k in revenue in its first year to over $10 million with 90-100 employees, offering compliance solutions, strategic financial advisory services, leadership coaching, and specialized tax, wealth management, and business financing services; their primary goal is to positively empower business owners to maximize their impact in changing the world, and they plan to go from $10 to $200 million revenue in the next ten years.

$370K Monthly Revenue

Read by 1,942 founders