Why Small Accounting Firms May Be Ideal For Your Business
In your search for an accountant you may have heard of the “Big Four” accounting firms: Deloitte, PwC, Ernst & Young and KPMG. These companies are big and successful because they have a proven track record of doing great work for their clients. And while they might provide just the service that a Fortune 500 company is looking for, there is a good chance that - as the owner of your own small business - you may not get exactly what you’re looking for. Just as you relish in your ability to provide high-quality, high-touch service to your customers, it’s worth investing in small accounting firms that can provide that same level of service to you.
Big accounting firms must require a high level structure implemented from the top down. Leadership boards meet in conference rooms high atop a city far away from you to decide what services your accountant will offer, how much it will cost and so on. Can you imagine if each of their thousands of accountants was able to make his or her own decisions about how to handle individual client issues? The whole company would turn into mayhem. And while that big structure may work for other big companies, it may not be the best fit for you. Your small business deserves flexibility and accessibility.
Entrusting your businesses finances to an accountant is an intimidating choice. You know you need someone, but who can you trust? Do go with the big, recognizable brand and risk working with an accountant who is fresh out of college and may not know your name? Or do you hire one of your local, small accounting firms where you know for sure that your business matters? To us, the answer is simple.
Access to Leadership
One of the very top benefits of working with small accounting firms is knowing that you are never too many steps removed from the decision maker of the company. In fact, you may work directly with that person. Not only does that access to your accounting firm’s leadership provide a sense of confidence in your experience, but it reminds you that you will be able to ask hard questions, challenge decisions you don’t understand, and trust you are getting the best service possible. Just as you wouldn't want a single client to leave unhappy, the owner of your local accounting firm agrees.
This list is in no way meant to malign the Big Four accounting firms. They have a place in this world and serve clients that small accounting firms couldn’t. However, as you decide which type of firm is right for you, it’s important to think carefully about the kind of relationship and service you hope to maintain with them. If you have more questions about working with small accounting firms, or would like to meet one on one with a member of our team, contact us today.