If you live in Sacramento, California, there are many accountants to choose from. First, there are the “big four” CPA firms, represented by Ernst & Young, Deloitte, KPMG and Pricewaterhouse Coopers which I would suggest using if you have a multi-million dollar business or if your firm is made up of a parent company and several subsidiaries. I would also suggest using the large CPA firms in Sacramento if your business is publicly traded or does business internationally. These large firms have the resource, knowledge and experience with international accounting standards, currency issues, SEC guidelines, and consolidated enterprises that you will need. They also audit publicly traded companies, a service that you may need.
Sacramento also has many medium-sized accounting firms to choose from with several partners running the firm. Many of these specialize in certain areas such as audits of government entities or wine industry taxation. Because Sacramento is the capital of California, there are many government agencies to audit. These medium-sized accounting firms also work with large and medium-sized privately-owned companies to provide them with audit, tax, consulting and other accounting services. Due to their size and reputation, the prices at these medium-sized accounting firms tend to be higher than those at the small Sacramento accounting firms. Fortunately, Sacramento is still a fairly small, friendly community where you can build a strong working relationship with your accountant at a medium-sized accounting firm and then run into him or her at the grocery store or the movies.
Sacramento also has many small accounting firms, often run by just one CPA. These firms provide a wide variety of services to the local for-profit and non-profit small businesses. They often provide bookkeeping, payroll, tax preparation, tax planning and financial statement preparation. Some also specialize in audit and review services. What really sets these small firms apart, besides price, is their ability to build relationships of trust and commitment with the businesses they serve. A small business owner normally tries to focus on his or her area of expertise and needs to be able to turn, sometimes at a moment’s notice, to his or her accountant for advice. The owners of these small firms tend to be available to you and willing to drop what they are doing to help out. The relationship of trust that builds is strong and it is really a great feeling when the CPA and the business owner can use each other’s services.
The small accounting firms sometimes lack the ability to assist businesses on certain subjects. After all, one accountant can’t know everything. However, if the small CPA can’t research the answer you need, he or she can always refer you to another firm that offers the service you need.
Whether your business is large or small, public or private, for-profit or not-for-profit accounting services are really essential at all stages of business from the start-up stage through the growth stage and all the way through the selling or closing of a business. If your business is located in Sacramento, California, you have many accountants to choose from. Use one. You’ll be glad you did.
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