Research Overview Credit Rating Advisory for Tax Advisors

Research Paper (postgraduate) from the year 2011 in the subject Business economics - Accounting and Taxes, grade: sehr gut, , language: English, abstract: According to a study by Sutter, 56% of tax consultancies in 2005 viewed their position in a twoyear
outlook as "rather good", with 11% even finding the outlook "very good". On the other end
of the scale, the pessimists comprised merely 11% of the respondents, judging their perspective
as "rather bad". 30% had neutral expectations and 2% made no indication.
The optimism in the meantime has been rather restrained. The general economic crisis soured
the mood of 2005. The 2008 branch report by Sparkassen Finanzgruppe for the branches of
auditors and tax consultancies draws a conclusion that turnovers of tax consultancies saw a
negative development already in the fourth quarter of 2007. The income of tax consultancies in
fees mainly depends on turnover and profits of commercial enterprises, which means that the
negative market trends for tax consultancies follow with a delay the general developments.[...]