Wolters Kluwer's Annual Accounting Industry Survey Report

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class="language-selector-modal__country-name">Germany</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/de-de" data-variantfieldname="Link">German</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Hungary</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/hu-hu" data-variantfieldname="Link">Hungarian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Italy</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/it-it" data-variantfieldname="Link">Italian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Netherlands</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nl-nl" data-variantfieldname="Link">Dutch</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Norway</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nb-no" data-variantfieldname="Link">Norwegian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Poland</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pl-pl" data-variantfieldname="Link">Polish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Portugal</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pt-pt" data-variantfieldname="Link">Portuguese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Romania</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/ro-ro" data-variantfieldname="Link">Romanian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Slovakia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/sk-sk" data-variantfieldname="Link">Slovak</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Spain</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/es-es" data-variantfieldname="Link">Spanish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Sweden</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/sv-se" data-variantfieldname="Link">Swedish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">United Kingdom</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-gb" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> <div class="tab"> <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Australia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-au" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">China</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="https://www.wolterskluwer.cn" data-variantfieldname="Link" target="_blank">Simplified Chinese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Hong Kong</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-hk" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">India</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div 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class="secondary-nav-overlay-desktop"></span> <div class="ow-solution-about"> <p class="ow-solution-heading">Firm Management</p> <p class="ow-solution-body">Support increased productivity, firm growth, and staff engagement by streamlining areas such as staffing, document management, time and billing, reporting, marketing, workflow, and project tracking.</p> </div> <div class="ow-sub-nav-list-container"> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Firm Management</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/accounting-practice-management" target="">Practice Management</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/accounting-workflow" target="">Workflow Software</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/accounting-client-experience" target="">Client 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href="/en/solutions/teammate/teammate-analytics/external-audit" target="">Audit Analytics</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-axcess/validate" target="">Confirmations</a> </li> </ul> </div> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Methodology & Guidance</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-axcess/knowledge-coach-solutions/knowledge-coach" target="">CCH Axcess Knowledge Coach</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-axcess/knowledge-coach-solutions/knowledge-coach-pcr" target="">CCH Axcess Knowledge Coach PCR</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-prosystem-fx/knowledge-coach" target="">CCH ProSystem fx Knowledge Coach</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-accounting-research-manager" target="">CCH Accounting Research Manager</a> </li> </ul> </div> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Engagement Solutions</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-axcess/engagement/pro" target="">CCH Axcess Engagement Pro</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-axcess/engagement/essentials" target="|Custom">CCH Axcess Engagement Essentials</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-prosystem-fx/engagement" target="">CCH ProSystem fx Engagement</a> </li> </ul> </div> </div> </div> </li> <li class="ow-nav-list-item ow-has-sub-nav"> <button class="ow-nav-link" type="button" aria-haspopup="true" aria-expanded="false"> Research & Learning <span class="wk-icon-chevron-down" aria-hidden="true"></span> </button> <div class="ow-sub-nav xxx"> <span class="secondary-nav-overlay-desktop"></span> <div class="ow-solution-about"> <p class="ow-solution-heading">Research & Learning</p> <p class="ow-solution-body">Remain compliant, mitigate risks, and improve revenue by providing staff with the research and staff development tools they need to access the most accurate and up-to-date information available.</p> </div> <div class="ow-sub-nav-list-container"> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Research and Learning</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/tax-and-accounting-research" target="">Tax & Accounting Research</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/cpe" target="">Learning & CPE</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/industry-news" target="">Tax & Accounting News</a> </li> </ul> </div> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Tax and Accounting Research</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-answerconnect-us" target="">CCH AnswerConnect</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-publications" target="">CCH Publications</a> </li> </ul> </div> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Learning & CPE</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/cch-cpelink" target="">CCH CPELink</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="https://www.cchcpelink.com/live-webinars" target="_blank">Webinars</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="https://www.cchcpelink.com/self-study" target="_blank">Self-Study</a> </li> </ul> </div> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Tax Legislation</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/industry-news" target="">Federal Tax Legislation</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/industry-news" target="">State Tax Legislation</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/industry-news" target="">Sales Tax Legislation</a> </li> </ul> </div> </div> </div> </li> <li class="ow-nav-list-item ow-has-sub-nav"> <button class="ow-nav-link" type="button" aria-haspopup="true" aria-expanded="false"> Resources <span class="wk-icon-chevron-down" aria-hidden="true"></span> </button> <div class="ow-sub-nav xxx"> <span class="secondary-nav-overlay-desktop"></span> <div class="ow-solution-about"> <p class="ow-solution-heading">Support</p> <p class="ow-solution-body">Learn about updates and feature releases, find login links, and access support for solutions, including CCH Axcess, CCH ProSystems fx, CCH AnswerConnect, ATX, Taxwise, and more.</p> <a class="ow-solution-link" href="/en/solutions/tax-accounting-us/support" target="|Custom">Learn More <span aria-hidden="true" class="ow-icon wk-icon-arrow-right"></span></a> </div> <div class="ow-sub-nav-list-container"> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Existing Customers</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/support" target="">Product Login</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/support" target="">Support Portal</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="https://support.cch.com/myaccount/protected/manage.aspx" target="_blank">My Account</a> </li> </ul> </div> <div class="ow-sub-nav-column"> <h6 class="ow-sub-nav-list-heading">Training & Consulting Services</h6> <ul class="ow-sub-nav-list"> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/training" target="">Product Training</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/training/cch-axcess-training" target="">CCH Axcess Training</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="/en/solutions/tax-accounting-us/training/cch-prosystem-fx-training" target="">CCH ProSystem fx Training</a> </li> <li class="ow-sub-nav-list-item"> <a class="ow-sub-nav-link" href="https://www.wolterskluwer.com/en/solutions/tax-accounting-us/training?compositeLink=%7B822850A0-0833-4CD4-99A3-EF1506D93699%7D" target="">Research Training</a> </li> </ul> </div> <div 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class="component cards icon-card secondary-icon-144-nolink col-12"> <div class="component-content"> <div class="link-wrapper"><div class="card-image field-cardimage"><image height="112" stylelabs-content-type="Image" alt="person-time-secondary-multicolor" stylelabs-content-id="1142538" width="112" thumbnailsrc="https://contenthub.wolterskluwer.com/api/gateway/1142538/thumbnail" src="https://assets.contenthub.wolterskluwer.com/api/public/content/272f7f9cdb624b7a8187014d505214bb.svg?v=7de1bc4e" srcset="https://assets.contenthub.wolterskluwer.com/api/public/content/272f7f9cdb624b7a8187014d505214bb.svg?v=7de1bc4e&t=w479l 479w,https://assets.contenthub.wolterskluwer.com/api/public/content/272f7f9cdb624b7a8187014d505214bb.svg?v=7de1bc4e&t=w505l 505w,https://assets.contenthub.wolterskluwer.com/api/public/content/272f7f9cdb624b7a8187014d505214bb.svg?v=7de1bc4e&t=w543l 543w,https://assets.contenthub.wolterskluwer.com/api/public/content/272f7f9cdb624b7a8187014d505214bb.svg?v=7de1bc4e&t=w672l 672w,https://assets.contenthub.wolterskluwer.com/api/public/content/272f7f9cdb624b7a8187014d505214bb.svg?v=7de1bc4e&t=w733l 733w" loading="lazy" data-variantitemid="{5C1C42AF-9F37-4F1F-840B-338130D05267}" sizes="(max-width:539px) 505px, (max-width:767px) 733px, (max-width:991px) 479px, (max-width:1199px) 543px, (max-width:1440px) 672px, 672px" format="" data-variantfieldname="CardImage" /></div><div class="card-content"><div class="text-wrapper"><div class="card-title field-cardtitle" role="heading" aria-level="3">Most firms believe that their tech is improving how they can compete.</div><div class="card-description field-carddescription"><strong><strong>62% reported technology helps increase time spent on core business (vs administrative duties) and makes it easier to utilize implemented solutions fully.</strong></strong></div></div></div></div> </div> </div> </div> </div> <div class="col-12 col-sm-12 col-md-4 col-lg-4 col-xl-4 full-height-card"> <div class="row"> <div class="component cards icon-card secondary-icon-144-nolink col-12"> <div class="component-content"> <div class="link-wrapper"><div class="card-image field-cardimage"><image height="112" stylelabs-content-type="Image" alt="cloud-secondary-multicolor" stylelabs-content-id="1127595" width="112" thumbnailsrc="https://contenthub.wolterskluwer.com/api/gateway/1127595/thumbnail" src="https://assets.contenthub.wolterskluwer.com/api/public/content/22200b5dd88a4ddcad40b2915ec5d77e.svg?v=8fc2da64" srcset="https://assets.contenthub.wolterskluwer.com/api/public/content/22200b5dd88a4ddcad40b2915ec5d77e.svg?v=8fc2da64&t=w479l 479w,https://assets.contenthub.wolterskluwer.com/api/public/content/22200b5dd88a4ddcad40b2915ec5d77e.svg?v=8fc2da64&t=w505l 505w,https://assets.contenthub.wolterskluwer.com/api/public/content/22200b5dd88a4ddcad40b2915ec5d77e.svg?v=8fc2da64&t=w543l 543w,https://assets.contenthub.wolterskluwer.com/api/public/content/22200b5dd88a4ddcad40b2915ec5d77e.svg?v=8fc2da64&t=w672l 672w,https://assets.contenthub.wolterskluwer.com/api/public/content/22200b5dd88a4ddcad40b2915ec5d77e.svg?v=8fc2da64&t=w733l 733w" loading="lazy" data-variantitemid="{FD4BAAF7-648E-4AF6-A4B0-892AEC5E3D5D}" sizes="(max-width:539px) 505px, (max-width:767px) 733px, (max-width:991px) 479px, (max-width:1199px) 543px, (max-width:1440px) 672px, 672px" format="" data-variantfieldname="CardImage" /></div><div class="card-content"><div class="text-wrapper"><div class="card-title field-cardtitle" role="heading" aria-level="3">Cloud-based firms experienced higher growth than traditional firms.</div><div class="card-description field-carddescription">74% of cloud-based firms reported growth in revenue, and 71% reported growth in profitability in 2023, while 59% and 55% of traditional firms, respectively, reported the same.</div></div></div></div> </div> </div> </div> </div> <div class="col-12 col-sm-12 col-md-4 col-lg-4 col-xl-4 full-height-card"> <div class="row"> <div class="component cards icon-card secondary-icon-144-nolink col-12"> <div class="component-content"> <div class="link-wrapper"><div class="card-image field-cardimage"><image height="112" stylelabs-content-type="Image" alt="graph-up-secondary-multicolor" stylelabs-content-id="1129109" width="112" thumbnailsrc="https://contenthub.wolterskluwer.com/api/gateway/1129109/thumbnail" src="https://assets.contenthub.wolterskluwer.com/api/public/content/86748ed16f49452bb59201679feaeb6a.svg?v=c09f539d" srcset="https://assets.contenthub.wolterskluwer.com/api/public/content/86748ed16f49452bb59201679feaeb6a.svg?v=c09f539d&t=w479l 479w,https://assets.contenthub.wolterskluwer.com/api/public/content/86748ed16f49452bb59201679feaeb6a.svg?v=c09f539d&t=w505l 505w,https://assets.contenthub.wolterskluwer.com/api/public/content/86748ed16f49452bb59201679feaeb6a.svg?v=c09f539d&t=w543l 543w,https://assets.contenthub.wolterskluwer.com/api/public/content/86748ed16f49452bb59201679feaeb6a.svg?v=c09f539d&t=w672l 672w,https://assets.contenthub.wolterskluwer.com/api/public/content/86748ed16f49452bb59201679feaeb6a.svg?v=c09f539d&t=w733l 733w" loading="lazy" data-variantitemid="{A904C014-1AF0-44B6-AEC2-B6034BCCF0BA}" sizes="(max-width:539px) 505px, (max-width:767px) 733px, (max-width:991px) 479px, (max-width:1199px) 543px, (max-width:1440px) 672px, 672px" format="" data-variantfieldname="CardImage" /></div><div class="card-content"><div class="text-wrapper"><div class="card-title field-cardtitle" role="heading" aria-level="3">Innovative firms were more likely to have greater growth and continue to outperform mainstream adopters.</div><div class="card-description field-carddescription">69% of large firms self-identify as innovative adopters of technology. 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