Moss Adams: Accounting, Consulting & Wealth Management

A high level of industry expertise achieved through working with numerous clients in a multitude of industries. Depth, expertise and value to clients across a multitude of traditional and untraditional services. For example, will you operate as a sole proprietor, an LLC, or a corporation? Each type of entity has a different tax treatment, and they may differ in terms of benefits.

• From development stage startups to revenue-generating accelerated public company filers, Marcum has the breadth of experience to deal with the challenges companies face.
• Of course, the COVID-19 pandemic may affect the profession to a degree, but over the past decade, accountants and auditors have maintained higher employment rates than many other professional positions.
• Since 1951, clients have chosen Marcum for our deep expertise and insightful guidance in helping them forge pathways to success, whatever challenges they’re facing.
• Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities.
• We provide MDM strategy and roadmap design, data governance, maturity assessments, and master data quality and migration.

Your comfort level with networking and asking for business will impact your ability to find clients. Make sure you have business cards and set up your own database of contacts or use LinkedIn. Think about who’s in your local network to reach out to (for example, professional membership or religious organizations, chambers of commerce, Business Network International, etc.). If you set up a home-based office and plan to have business-related professionals come to your home, you will need to determine what type of business-related liability and/or property insurance to obtain.

Giving Back to the Community is a Guiding Principle at Marcum

Our combination of extensive experience across a range of industries and deep expertise in audit, tax, advisory, and consulting helps us understand our clients’ unique issues – whatever they might be. Hourly rates for accounting consultants range from $27.39 (Tampa, FL) to $44.39 (Washington, D.C.). According to entrepreneur.com, accounting consultants are the number one most sought-after types of consultants. While there are similarities, the primary difference between advisory services and accounting consulting is the length and purpose of the engagement. Our personal accounting services team knows there is more to private wealth management than simply the accumulation, protection and transfer of wealth.

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. 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.

Customs & duties management

Sign up to stay up-to-date with the latest accounting regulations, best practices, industry news and technology insights to run your business. Helping out a variety of business functions including finance, HR, marketing & sales and more. Having a contract or engagement letter will protect you in the event of a lawsuit.

If you currently work for an employer that provides benefits, keep in mind that, as a self-employed person, you will need to factor the cost of health insurance into your budget. “It’s a consultant’s market,” said Don Plato, vice president at Robert Half Management Resources. 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%.

Enterprise performance management (EPM)

That will give you time to obtain any additional training or education you will need. Are you seeking to consult for just a few years before retiring altogether, or for possibly the next decade or more? Establishing an anticipated time horizon can help you determine what type of work you decide to do and how much you should invest in preparing yourself. To build new skills or hone ones you haven’t used lately, you may need to do research or take classes.

But business owners today are also more savvy than ever before, and they’re not going to hire just anyone who claims to be a consultant, including accounting consultants, without seeing the real value behind what they offer. We are one of the largest providers of finance and accounting services with a team of over 40,000 people, providing services to more than 300 clients in 30 languages, from 64 global delivery centers. We’re ready to help your business deliver outcomes that make it stand out in the market and grow.

At Deloitte, our tax consultants provide a full-range of tax services to clients. We help our clients combine tax data, processes, technology, and people in new ways to uncover valuable business insights and arrive at smarter solutions to business challenges. Our team members work collaboratively and apply their specialized knowledge and experience to help clients navigate past complex tax and financial reporting issues. We offer deep insights into their business practices and procedures and help them make more informed decisions to enhance their business’ efficiencies. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities.

Marcum provides auditing, accounting and financial reporting services to a broad spectrum of governmental entities. Marcum offers industry expertise and a commitment to provide a wide array of services within the financial institution industry. Marcum works with clients to help develop solutions to significant business issues and manage the business risks.

Professional development & education

Focus on innovation and keep up with disruptive market trends with experienced industry professionals by your side. In today’s business environment, mergers and acquisitions of middle market businesses are occurring with greater frequency. The constantly changing regulatory environment has created unique challenges to broker-dealers. Marcum’s Tax & Business Services division offers all forms of accounting and regulatory compliance services. BDO USA will remain employee-owned, split between partners and the ESOP, a tax-efficient retirement savings vehicle.

They may also seek consultants because they are expanding or relocating and need someone to assist during a transition or to help implement software. Read our white paper, How to start an accounting advisory business, to learn more about how to become an accounting consultant. Getting started can be as simple as merely getting your name out there to your existing clients and referral sources or as complicated as starting a business from the ground up. Let’s examine the definition of accounting consulting and describe exactly what accounting consultants do, how to become an accounting consultant, why you should consider making the switch, and much more. Also, ensure that your résumé contains adequate detail about your previous employers. “The biggest mistake high-level accounting people make on their résumés is that they don’t let the reader know the type of industry the company is, the size of the company,” Plato said.

Investment advisory offered through Moss Adams Wealth Advisors LLC. Our finance analytics suite provides CFOs with actionable insights. Use our data analytics and advanced visualization and reporting solutions to transform your company’s decision-making. Work with us to plan your change strategy, align stakeholders, create communications, and establish knowledge management with our frameworks, tools, and accelerators. We offer flexible support and program management across people, processes, and infrastructure.

“But if you’ve been doing SEC reporting for the last 15 years, for example, you’re going to be our go-to more than a controller that’s just dabbled in it.” When working as an independent consultant, however, you may enjoy more freedom to choose your clients and the hours you work (see “From Controller to Consultant”). You can work out any problems or issues with your client directly without involving a third party. You would also receive your entire fee from your clients and don’t need to give a cut to a staffing firm. Since so few accountants are unemployed, open positions are going vacant for longer, and organizations are likely to consider hiring consultants on a short-term basis, said Maureen Hoersten, COO at Chicago-based staffing firm LaSalle Network. It can take three to four months to fill a high-level vacancy, such as a CFO or controller position, and organizations may hire a consultant in the meantime.

An ongoing survey by Indeed shows that the average salary for accounting consultants in the United States is $78,960 per year (as of April 2020). High tech companies face a number of issues and obstacles in today’s changing global landscape and strive to pursue innovative solutions to address today’s challenges. Marcum’s Real Estate Group specializes in providing financial, tax and accounting solutions to real estate owners, developers and managers. Marcum is among the first national accounting and advisory firms to establish a practice dedicated to serving the PEO industry.

For more information about Crowe LLP, its subsidiaries, and Crowe Global, please read our Disclosure. Volatility can pose a multitude of business risks – and unexpected opportunities. Explore insights from the new Crowe Executive Outlook Study, just launched in collaboration with Forbes, which shows how a select group of innovative leaders is using uncertainty to its advantage. Additionally, forensic accounting, internal audits and accounting system evaluation are among the more in-demand skills. 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.

Marcum understands the unique challenges colleges, universities and academic medical centers are under to improve operations and performance. The food and beverage industry is experiencing opportunities and challenges like never before. Marcum is dedicated to assisting construction contractors with personalized and attentive service, strong technical expertise, and uncompromising integrity. Marcum LLP’s Construction Services Group is dedicated to assisting contractors with personalized and attentive service, strong technical expertise, and uncompromising integrity.

As clients seek more answers and more guidance, the demand for accounting consultants increases as well. If you’ve recently realized you need help with accounting services, you might be overwhelmed by the options available. When working with a staffing or consulting services firm, you register and are interviewed and onboarded, and the firm will match you with potential employment opportunities. The firm will also take a percentage of your pay in exchange for this and other services. The advantage to working for a firm, though, is that you won’t need to find clients or market yourself. Since 1951, clients have chosen Marcum for our insightful guidance in helping them forge pathways to success, whatever challenges they’re facing.

If you are wondering if there is a ballpark number for an accounting consultant hourly rate or fixed fee, keep in mind that – in addition to the above questions that will factor into the pricing structure – rates also vary by geographic region. Becoming an accounting consultant takes a special set of skills beyond your technical accounting expertise. Technical skills aren’t necessarily the divide between a great consultant and a mediocre one. Passion, drive for excellence, leadership, communication skills, and organizational skills – in addition to your knowledge – play a big role in how successful you will be as an accounting consultant. Many CPAs who have made the leap to consulting, whether on their own or working with a staffing company, have found it to be a rewarding career move. Consulting can be a way to finish up your career until you’re ready to retire from work altogether, or serve as a steppingstone at times when you are between permanent employers or need greater flexibility.

Transform finance to unlock sustainable growth, manage cash flow, and improve governance. Evolve your digital transformation with the power of real-time insights, end-to-end visibility, and scalable solutions. At Crowe, you have flexibility in how you work, and you’re trusted to deliver results – but never expected to miss important life moments. Accounting consulting Driven by a shared purpose and values, you’re empowered to shape a better tomorrow for your colleagues, clients, and communities. If you’re seeing volatility in some area of your business, explore these resources to learn more about how Crowe can help. The survey also compared annual accounting consultant salaries by geographic and metro regions.