States with the Most Profitable CPA Practices

Published 11th Dec 2014 Archived
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Financial data provider Powerlytics has crunched the numbers and created a ranking of the most profitable states in which to operate an accounting practice.

Based upon earnings before interest, taxes, depreciation and amortization, the analysis found the top-ranked states to be Vermont, which returned 20.9 percent of every revenue dollar as EBITDA, followed closely by Arizona (20.0 percent), Arkansas (19.8 percent), Mississippi (19.4 percent) and Kansas (19.4 percent).

The states where accounting firms were the least profitable, surprisingly, were New York (11.5 percent of every revenue dollar returned in EBITDA), Georgia (12.7 percent) and Massachusetts (12.8 percent).