It appears the CPA’s know exactly how much they are spending – no suprise here! It looks very in line with the 5% average from the chart on yesterdays post.
“Depending on what you categorize as “technology expense” and how much risk your firm is willing to take, technology spending in a traditional CPA firm runs from about 4.5 percent to 6.5 percent of net revenues. “
James Bourke, CPA.CITP
AICPA CPA Insider