The boom days are well and truly back for the UK accountancy profession.

Accountancy's latest survey of the top 60 firms in the UK showed that total fee income increased by 13.8% during the year, slightly lower than the 14.1% reported last year but still considerably outstripping the growth rate of 4.8% reported in 2005. These two years of above-inflation increases follow a number of years of stagnating fee income growth.

Almost all of the firms in the survey reported positive fee income growth during the year, with some reporting fee income increases of 25% or more.