Accounting and Consulting Services Accounting & Consulting Group

Do you want to work with your existing accounting clients, or attract new clientele? If you’re selling your consulting services through an accounting firm or management firm, you may not have to look very far for consulting clients. If you’re putting up a new independent contractor shingle, you will need to market and sell yourself to various companies and individuals in order to bring in the new consulting engagements.

Refresh your finance organizational and operating models so they can adapt to uncertainty at speed. Our transformation frameworks, master data management (MDM), and digital capabilities will be key. Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). Shifting demographics, changes u s. tax issues for amazon sellers in 2021 in consumer behavior, a dynamic tax and regulatory environment, technology, and a multitude of other factors are having a profound impact on the future of accounting. Which types of consultants are in biggest demand will likely change from year to year, as the profession continues to evolve to meet consumer needs.

Finance and accounting consulting services

Companies often prefer a graduate degree and may require the Certified Public Accountant (CPA) credential. CPA candidates need additional credits beyond a bachelor’s degree to qualify to take the set of exams, so earning a master’s degree or completing advanced accountancy coursework can meet the education requirement. State requirements vary, but verified accounting work experience is often an additional requirement to get the CPA license. RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other.

• We develop outstanding leaders who team to deliver on our promises to all of our stakeholders.
• Accountants earn the most in District of Columbia, where they average $96,880.
• Employment opportunities at accounting consulting firms are highly sought after by aspiring consultants.

Generally speaking, an accounting firm or CPA firm is primarily focused on preparing companies for tax time or auditing their financial statements. These firms may refer a client to a consulting firm that can help the client prepare for an audit (this way, the CPA firm can maintain its arm’s length independence and give a fairly objective review of the financial records). An accounting consultant provides clients, such as companies and individuals, with services that help them analyze financial information so that they can make important business decisions. Their responsibilities involve creating and analyzing financial documents, looking for financial areas needing improvement, optimizing accounting procedures and forecasting future profits.

Finance Effectiveness

A $150 million public SaaS company needed assistance with implementing the new revenue standard. A $700 million publicly-traded print and marketing company filed for Chapter 11 bankruptcy protection. A $250 million public company acquired a foreign company requiring the first-time audit of five separate entities under US GAAP. With fierce competitive pressure and an ever-increasing need to do more with less, organizations must accelerate the pace of transformation. Based on our years of operational experience we find there are six key transformational levers all organizations need to balance to help achieve the greatest results.

A consulting gig is typically temporary, designed to help your client with a specific problem or situation, such as determining which entity type is the best for their new venture. You would consult on that, offering an analysis from an accounting and tax perspective, based on the business, the client’s goals and objectives, and specific needs. Once the client has chosen an entity structure, your consulting job is done. That doesn’t mean that you won’t have additional consulting opportunities with that same client in the future; it just means that you handle them one at a time as they arise.

Top Accounting Consultancy Services Provided by Accounting Consultant

In this informative and insightful webinar, Joe Tarasco will discuss the private equity model and structure and how it compares to traditional M&A. This quick guide walks you through the process of adding the Journal of Accountancy as a favorite news source in the News app from Apple. Are you seeking to consult for just a few years before retiring altogether, or for possibly the next decade or more?

Our service delivery frameworks help you stabilize operations and nurture a culture of high performance. Dan Geltrude is unequivocal about what’s in store for accounting firms. “It’s absolutely a gamechanger for the entire profession,” the CPA told NJBIZ.

Legal data & document management

The scope of what accounting advisory firms provide sometimes changes as new issues arise. For example, during the course of a restatement process, as the problems that led to the need to restate financial statements come to light, so do the need for process improvements and tightening of internal controls. You want the kind of accounting consulting firm, equipped with the right mix of talent, that can peel back the onion to identify such issues and come up with solutions—so that the risk of a future restatement is severely minimized.

• A $1 billion telecom company experienced rapid growth, resulting in disparate systems and an inefficient cost structure.
• Department of Labor’s Bureau of Labor Statistics, the unemployment rate for accountants and auditors was 1.7% in the third quarter of 2018, well below the national unemployment rate of 3.7%.
• Your contract or engagement letter should include items such as fees, out-of-pocket expenses, and the timeline and scope of the work to be performed.
• Another advantage to working for a staffing or consulting services firm is that they offer benefits, such as health insurance, vacation time, bonus pay, and, in some cases, even free CPE.
• Their responsibilities involve creating and analyzing financial documents, looking for financial areas needing improvement, optimizing accounting procedures and forecasting future profits.

Our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can erase many of your worries. Our group can help you plan for the future of your business by combining its expertise and experience with its understanding of your organization to produce financial projections that can help you manage your buniness plan and spending. Our Group can assist you with the organization and day-to-day bookkeeping in order to produce accurate records.

Setting the baseline towards transparency

RSM helps create business processes to align financial reporting with operational needs and strategic decision-making. In addition, our team will provide recommendations on key accounting and system requirements, as well as interim outsourced finance support to assist management with the financial reporting process. WilliamsMarston is a national leader in complex accounting, tax, and valuation services advising pre-IPO, public, and private equity-backed companies managing rapid growth and transformation. Our team of industry leading experts pair Big Four experience and strong technical expertise with the passion, talent, and drive to deliver successful outcomes in the most challenging situations. We are the CFO’s most trusted advisor through transformation and growth.

In fact, this person probably won’t “do your books,” although they might work in conjunction with a full-charge bookkeeper to make sure your books are accurate. What if your watch were not just a watch with 12 numbers and two hands? What if it were way more complicated and, even though you’ve been carrying this watch around for years, it was more of a fashion accessory than a tool that provides any useful information about the time or anything else. To open an accounting firm in India, you must first become a Chartered Accountant. Work with us to plan your change strategy, align stakeholders, create communications, and establish knowledge management with our frameworks, tools, and accelerators.

Master data management (MDM) for finance

Our Group can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. Cash flow is something that can make or break the business’ ability to survive. We can help you analyze your spending and re-balance your budget and/or debts for an optimal cash flow to support your business’ success. This balance plan should be revisited periodically and revised when there are any major changes in your business structure to ensure that you are operating at an optimal level.