Overall, revenue for tax preparation service companies has grown at a CAGR of 2.9% over the past five years, reaching $14.5 billion in 2025. This includes a 0.9% rise in revenue in that year. The rise of electronic filing has posed a significant threat to traditional tax preparers., Nearly half (49.8%) of tax and accounting practices increase tax preparation fees annually while 33.7% increase these fees every other year. For accounting fees, 37.4% increase fees annually, while 34.4% increase fees every other year., 50% of accounting tasks can be automated through currently available technologies. (McKinsey Global Institute, 2017). Labor-intensive processes like tax preparation, payroll, management, and auditing will be fully automated by 2020. (Forbes, 2018). AP automation can help businesses save at least $16/invoice. (Vanguard Systems, 2017)., While certified public accountants (CPA) are people who have passed rigorous testing and are typically pretty keen with numbers, not all CPAs are tax specialists. What do CPAs do all day? A vast percentage of CPAs work as auditors., If you're a sole proprietor, a business owner looking to change your business structure or a medium-sized organisation exploring options, there's an accounting firm for your needs. Some accountants focus primarily on single proprietorships, small businesses, tax return preparation and more., .