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Research Center >> August 2009

JOFA NEWS: The Power of CPA Influence
New study finds 97 percent of small business owners rely on CPAs for business expertise. Contact your national rep today to find out how you can reach more than a half million CPAs and their clients.

from AICPA Custom Media Solutions.

Everyone knows CPAs have strong influence in today’s business world. And in today’s climate of economic uncertainty, small business owners are seeking their CPAs’ guidance on an array of business and financial matters.

CPAs: Powerful Influencers, a recent study conducted by Applied Research Consulting for the Journal of Accountancy, revealed CPAs are the most trusted and respected opinion leaders with the largest influence over their clients buying decisions. In fact, 97 percent of small business owners rely on the expertise of CPAs for business matters such as:

  • Tax-Related Issues
  • Payroll and HR Solutions
  • Investments
  • Retirement Planning
  • Technology Purchases

The compelling research also revealed that:

  • 40 percent of small business owners spoke with their CPA about payroll and HR issues in the last year, while 64 percent plan to in the future;
  • More than one-third (34 percent) of small business owners sought advice from their CPA about retirement planning in the last year, while two-thirds (68%) plan to in the future;
  • More than one-third (36 percent) of small business owners received CPA counsel on investments in the last year, while almost twice as many (64 percent) plan to in the future.

Download the full report to find out more about the power of CPA influence!

Contact your national account manager, or call 1-800-873-1677 if you’d like to discuss the report in more detail. Also, visit us online at advertising.aicpa.org to learn about the Journal of Accountancy’s advertising programs, which are designed to help you reach more than a half million CPAs and their clients.

Learn more about JofA’s impressive audience!