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 twoyearoutlook as "rather good“, with 11% even finding the outlook "very good“. On the other endof the scale, the pessimists comprised merely 11% of the respondents, judging their perspectiveas "rather bad“. 30% had neutral expectations and 2% made no indication.The optimism in the meantime has been rather restrained. The general economic crisis souredthe mood of 2005. The 2008 branch report by Sparkassen Finanzgruppe for the branches ofauditors and tax consultancies draws a conclusion that turnovers of tax consultancies saw anegative development already in the fourth quarter of 2007. The income of tax consultancies infees mainly depends on turnover and profits of commercial enterprises, which means that thenegative market trends for tax consultancies follow with a delay the general developments.[...]