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Top 20 Accounting Services Firms’ CPAs Offer
The modern CPA firms have moved ahead from just bookkeeping, Programs like QuickBooks and Intuit have made it possible for non-accountant to do basic bookkeeping. However, accounting services these days have become advanced and provide businesses with new heights.
Let’s explore the top 20 accounting services offered by today’s leading CPA firms.
20 Best Accounting Services Firms Offer
1. Audit and Assurance Services
CPA firms effectively provide audits to check if your company’s financial statements are accurate nor not. These accounting services are important for public companies, government finances, and even private sector clients seeking loans or investments.
Firms like Deloitte, PwC, and EY are leading the way with AI-driven audits and advance internal controls.
2. Tax Preparation and Compliance
The tax preparation and compliance is one of the most common accounting services CPAs could offer. Whether it’s preparing an individual tax return or handling international tax issues for large corporations.
Top firms in providing tax preparation services are H&R Block and Best CFO.
3. Forensic Accounting and Fraud Investigation
Forensic accountants investigate financial crimes like embezzlement and fraud. This work often supports court cases and legal investigations.
Key tools include data analytics and blockchain tracking. Firms that provide these services are KPMG and BDO
4. Business Valuation
Thinking of selling your company or merging with another? A valuation can help you understand its worth.
Methods include market comps and DCF analysis. Top valuation consultants in USA are RSM and Grant Thornton.
5. CFO and Advisory Services
Not every business can afford a full-time CFO. That’s why many hire Virtual CFOs for budgeting, forecasting, and strategy.
Platforms like Jirav offer automated models. Firms woh notice to provide these services are GrowthLab and Acuity
6. Bookkeeping and Payroll
Basic, but important. Firms now use AI tools like Botkeeper or QuickBooks for real-time entries and payroll processing.
It is promptly noted that LiveCA and Best CFO are the firms leading in bookkeeping and payroll management.
7. Sustainability and ESG Reporting
Environmental, Social, and Governance (ESG) reporting is a growing field. CPA firms now help businesses comply with global frameworks like SASB and GRI.
8. IT and Cybersecurity Audits
Cyber threats affect every business. CPA firms conduct IT audits to check if systems meet security and compliance standards (e.g., SOC 2).
Since, Byte GRC and Sikich are the leaders in cybersecurity you don’t need to be worried for cyber threats.
9. Mergers & Acquisitions (M&A) Advisory
CPA firms offer guidance during major deals. Services include due diligence and post-merger planning. AI tools help spot risks and opportunities.
KPMG and PwC are the best in the field of mergers & acquisitions.
10. International Accounting
Running a global business? You’ll need experts in multi-currency reporting and tax rules across countries.
Black Ink Taxation and Accounting Firm leads the market with its global reach and experts.
11. Estate and Trust Planning
This service helps with passing on wealth, cutting taxes, and managing legal risks.
Popular among high-net-worth individuals. The top providers are mainly Northern Trust and Andersen
12. Financial Planning for Individuals
Modern firms now blend tax, investment, and retirement advice into one package. This holistic approach offers more value to clients.
Firms like Mercer and Kaufman Rossin lead in the field of financial planning.
13. Risk Management Consulting
Helps businesses spot and reduce risks tied to operations, money, or the law.
You can trust Protiviti and Crowe when looking for risk management and consulting
14. Outsourced Accounting
Small companies often outsource their finance team to CPA firms. It’s cost-effective and scalable.
Firms such as, Acuity and Full Send Finance using this model usually.
15. Data Analytics and BI
Using dashboards and reports (via Power BI, Tableau), firms offer deep financial insights.
Deloitte and RSM out run other firms when its comes to data analytics and power BI
16. Litigation Support
When money disputes end up in court, CPAs can help with expert reports, damages analysis, and testimony.
Expert firms like FTI Consulting and Alvarez & Marsal provide litigation support.
17. Nonprofit and Government Accounting
Special rules apply to nonprofits. CPA firms help with grant tracking, budgeting, and regulatory compliance.
Top firms’ names pop up everytime you look for nonprofit and government accounting are CLA and Plante Moran.
18. Blockchain and Crypto Accounting
Crypto is here to stay. CPA firms now help clients track crypto assets, file taxes, and stay compliant with financial law.
Leaders in the market are Armanino and Prager Metis.
19. HR and Benefits Consulting
Services include setting up benefits, payroll tax planning, and retirement plans.
Firms providing HR and benefits consulting are ADP and Paychex.
20. Custom Software and Automation
Many CPA firms now offer NoCode tools or custom apps to automate tasks like billing or tracking expenses.
These tools help improve performance and lower costs across the service industries.
Conclusion
As you can see, today’s accounting services cover much more than filing taxes or balancing books. Whether it’s helping businesses handle complex mergers, guiding estate planning, or building real-time financial dashboards, CPA firms play a critical role in modern business management.
Firms like Best CFO stand out because they adapt fast and focus on both smart tech and personal service. As the economy evolves, so does the job of a CPA. From auditing and taxation to cutting-edge data analytics, these firms boost value and deliver results that go beyond the balance sheet.
FAQs
1: What is the most common service CPA firms offer?
Tax preparation and audit services are the most commonly used offerings by CPA firms, especially in the United States.
2: Why should I hire a CPA firm for business valuation?
CPA firms use advanced tools and market data to provide accurate valuation reports, useful for mergers, sales, or investment planning.
3: Can small businesses afford outsourced accounting?
Yes. Outsourcing helps reduce costs while giving access to expert financial services.
4: What does ESG reporting involve?
It tracks a company’s impact on the environment, society, and how well it’s governed, often required by regulators or investors.
5: Are CPA firms involved in cybersecurity?
Yes. Many firms now offer IT audits and risk checks for cybersecurity compliance.
6: What role does a virtual CFO play?
A Virtual CFO helps with budgeting, forecasting, and long-term strategy, often without the cost of a full-time hire.
7: How do CPA firms use AI and analytics?
They use AI for audits, risk management, and data analysis to provide faster and smarter insights.
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