A new report has found that the accounting industry is one of the most understaffed and undercapitalized businesses in the country.
The report, by the nonprofit Taxpayers for Common Sense, examined accounting firms and their costs to taxpayers.
The report found that accounting firms in the top 1 percent of firms in terms of payroll and expenses account for roughly 20 percent of the accounting revenue.
The top 1-10 percent accounts for about 11 percent.
The top 10 percent also accounted for more than 60 percent of expenses and roughly 40 percent of payroll in 2013, the report found.
The Taxpayers For Common Sense report says that accounting is becoming an increasingly expensive and understaffing business, and that the industry needs to get a lot more competitive to attract talent.