Why boutique CPA firms can be better for your Business?
If you are a small business, with an annual turnover of $1M-$10M, then here are a few reasons why you should be looking to a boutique CPA firm for your business accounting and business advisory needs.
What makes us different is that we tend to limit our clients to those that align with our specialty and philosophy. By vetting clients, much like a doorman at an exclusive hotel, you’re guaranteed a more high-end personal experience with a CPA that really cares about your business. You definitely won’t find a boutique accounting firm sending your work off to be done in India or throwing it to the bottom of the firm to be done by an accountant still wearing learner plates.
Because it’s a bit trendy to be a boutique firm right now, lots of pretty mediocre firms are masquerading as boutique accounting firms. True boutique firms are really hard to find because they’re founded by people that have that magic combination of having held really senior positions in both the mid-tier firms and big accounting firms. This means you’ll be dealing with people who’ve had some of the best training in the world along with a vast hands-on practical experience too and it goes without saying that the firm must be a CPA firm.
A boutique accounting firm is will be committed to be looking after you personally by maintaining a low client-to-accountant ratio. Compare this to the partners in the more traditional firms which often have 300+ clients each meaning it’s near impossible for them to spend more than a few measly hours on your business each year.
Boutique Accounting Firms Specialize In Something A Bit Different
Real boutique accounting firms specialize in something quite different from the mainstream so you certainly won’t find them focusing on the usual boring stuff of churning out tax returns once a year. Of course they’ll still take care of your tax return (and do them incredibly well) but your compliance needs will be an added bonus of their specialty.
Servicing a clearly defined market
In order to be financially viable and successful you will find that most boutique CPA firm have chosen to specialize and become experts in a selected category of clients. They understand that you cannot be ‘all things to all people’ and that it is better to service a selected group of clients that share the same issues and concerns. These boutique CPA firms will consequently provide business clients with a more personalized and knowledgeable service.
We don’t template our services
Smaller boutique business CPA firms have much more latitude than the big accounting firms, to develop business programs and strategies that are more individualistic and holistic in their approach. The larger the business accounting firm, the more they struggle to deliver a personalized, individualistic strategy and the more inclined they are to take a very template approach to their smaller business clients. Large organizations, due to constant turnover of personnel and their need to be productive and efficient, need to take a very ‘streamlined’ approach rather than a very creative and individualistic approach. A boutique CPA firm will usually be able to offer a very individualistic strategy for your business. Boutique CPA firms are proving to be more creative and personal. They have the potential to be more empathetic and understanding of the challenges you will face, and they are more likely to provide you will solutions that will drive your business forward. In the business world of Goliath’s and David’s, the Goliath’s may look more powerful and able but the David’s may be your best partner to provide you with the best outcome for you and your business.