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    Tax Service Line 2011 Revenues for Big Four Accounting Firms Rise 7% After Two Years of Declines, Finds Big4.com

    PRWeb – Tue, Jan 31, 2012

    One-of-a-kind study reveals unique insights into the world’s largest accounting firms: Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC. Our exclusive look at eight years of Tax’s financial performance shows interesting trends across firms, geographies and service lines.

    New York, NY (PRWEB) January 31, 2012

    Big4.com's recent insightful analysis of the distribution of revenues across the three key service lines – Audit, Tax and Advisory - for the Big Four accounting firms shows variation both in terms of structure and growth from 2004 to 2011. This analysis critically examines the reported revenues on a global basis to determine annual growth rates and contributions to worldwide member firm revenues on a common basis across the firms.

    REVENUE BY SERVICE LINE

    The Big Four firms offer a wide variety of professional and financial services, with newer Advisory services adding to their more traditional and deep-rooted Audit (Assurance) and Tax Services. Firms vary in their structure and definition of these broad service lines, typically though about half the revenues are sourced from Audit, and the balance is shared between Tax and Advisory Services.

    Tax

    [The tax service line, forms about a quarter of the Big Four firm revenue and generally holding this percentage level across the years.

    Tax revenue are reasonably steady, as they derive revenue from add-on services provided to audit clients, in addition to tax services provided for transactions, complicated tax restructurings and other projects.

    Tax had a very strong growth in 2006 to 2008, in line with large scale global merger and acquisition transactions activity, but posted a sharp decline in 2009 of 7%. Tax revenues further declined by 1.1% from 2009 to 2010, with Deloitte falling by more than 5% and E&Y also declining, offset somewhat by revenue increases in this service line at KPMG and PwC.

    2011 was a different story altogether – combined Tax revenues of $22.3 billion in 2010 jumped a strong 7.1% to $23.9 billion in 2011. KPMG Tax grew a remarkable 13%, while Deloitte Tax grew the slowest at 3.7%.

    This analysis may be reproduced or distributed in parts or whole, but prominent and full attribution should be given at all times to “The 2011 Big Four Firms Performance Analysis by Big4.com".

    About Big4.com


    Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.

    Big4.com has a strong presence on key social media platforms:

    Youtube: Big4Video is a professionally produced weekly news magazine


    Twitter: @Big4 has 8,500 followers.


    LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members. http://www.linkedin.com/groups?about=&gid=1022


    Facebook: The Big4 fan page has 5,500 fans at facebook/big4page


    Xing: The Big Four Alumni and Professionals group has 1,150+ members

    ###

    Kristy Short
    Big4.com
    (734) 481-0186
    Email Information


     

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