What types of services do accounting firms offer?

November 23, 2022

Accounting is essential to running a business. It provides information that businesses need to make informed decisions about where to allocate their resources.

Accounting firms can offer a wide range of accounting, business information and advisory services. These services are used by many types of companies, but the largest group of clients in any geography tend to be small businesses and non-profits.

An accounting firm’s services can be broadly grouped into three categories: assurance, tax, and consulting. The types of services offered by accounting firms vary depending on the size and focus of the firm.

Assurance services are designed to help organizations ensure that their financial statements are accurate and free from material misstatement. These services include auditing, reviews, and compilations.

Tax services are designed to help organizations minimize their tax liability. These services include tax planning, tax return preparation, and tax audits.

Consulting services are designed to help organizations improve their overall financial performance. These services include financial statement analysis, business valuations, and financial modelling.

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