The Baker Tilly network has a total combined fee income of US$3.6bn for the year ending 31 December 2018, representing a year-on-year growth of 6.5%.
Global headcount has increased 3.3%, with 35,000 people working out of 746 offices worldwide.
Asia Pacific saw strong organic growth with an increase in revenues of 11%. Revenues in Africa increased by 25% following the addition of new member firms in 7 countries. In Canada, our two member firms merged to form Baker Tilly Canada, while in Europe and the United states, we saw a reduction in the number for member firms, all of which contributed to the further optimisation of and cohesion across our network.
For the first time in the network’s history, tax and advisory services exceed 50% of total revenues, reflecting the changing landscape and continued focus on value added services.