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Lawyers, Bankers Lose Out

Please note: This item is from our archives and was published in 2006. It is provided for historical reference. The content may be out of date and links may no longer function.

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While it should come as no surprise to CPAs, a recent survey found that the nation’s small business owners overwhelmingly favored their accountants—over their bankers or lawyers—for business advice.

Nearly 82% of respondents said they turned to their accountant for advice. Lawyers came in second with 14%, while only 4% chose bankers.

The survey, conducted in August, also asked the 550 small business owners which of the three advisers was most crucial to their business success. Accountants again beat out bankers and lawyers, with 75% of respondents citing accountants as the key contributor to success, 13% choosing bankers and 12% selecting lawyers.

Source: SurePayroll.