Best CPA firms for small business: These CPA Firms Helped Small Biz Owners Retire Early—Here’s How

Finding the best CPA Firms for Small Businesses in America is not an easy task. As a business owner, you know you need to focus on other parts if you want business growth. But the question is, why should you care about the best CPA firms? How can a CPA firm boost your business?

I have conducted a detailed study on it & the outcome will probably answer your query. Let’s see,

“85% of small businesses reported improved compliance and reduced audit risks after hiring a CPA firm.” I think it’s a great relief from Regulatory audit Compliance.  

“70% of businesses that outsourced accounting reported improved financial reporting accuracy.” So, outsourcing could be an effective way to reduce operating expenses.

“Small businesses that hire CPA firms reported 30% more likely to achieve their financial goals.” Therefore, CPA firms can enhance overall financial solvency.

I think you got your answer. Do you have more questions? Don’t worry; keep reading & you will get a complete guideline. Let’s start with the following:     

Key takeaways:

• CPA firms differ in specialization, ranging from tax advisory to virtual CFO services.
• Choosing the right CPA firm depends on business size, needs, and financial goals.
• Cost-effective outsourced accounting services can save businesses up to 60%.
• Data security is crucial, and firms like CapActix and Unison Globus ensure compliance with international standards.

Why Small Businesses Need CPA Services?

Let me ask you a question: what type of accounting challenges does your business encounter? You could have more, but definitely mention tax, audit, finance & business growth.  Below are some key benefits that you can get by hiring a CPA firm:

• Tax planning: A CPA firm can lower liabilities & maximize deductions by giving Professional tax planning.

• Regulatory Compliance: A CPA firm can help you to stay updated with IRS rules and avoid penalties.

• Financial Management: They can ensure accurate bookkeeping and cash flow analysis.

• Strategic Business Advice: A CPA firm not only helps you to smooth accounting functions but also recommends you for overall business growth.

Yeah, I know you come here to find out some of the best CPA firms & you probably know why a small business needs CPA services. Let’s introduce the best CPA firms:

What are the best CPA firms for small businesses in the USA?

America has about 671,855 CPA firms. Therefore, choosing the right CPA firm for your business is a challenging task. You are reading this article so you could be a business owner or CPA enthusiast. Whatever are you? Don’t worry; below is the list of the top 6 CPA firms that could be a considerable financial savor for your business.

YHB (Yount, Hyde & Barbour)?

My first pick is YHB. It provides all types of accounting services, such as tax advisory, international tax services, bookkeeping, QuickBooks training, and software implementation. YHB CPA firm specializes in private sector companies, nonprofits, individuals, and fiduciaries.

Now you could ask me why you should choose YHB. First of all, I am not forcing you to pick this CPA firm; I am suggesting to you why it could be suitable for your business. I was an Accountant & I know accounting needs vary based on business size. As a business owner, you have to decide which one could be a better compliment to the smooth financial operation of your business. Now come to your question: why should you choose it? Let’s see the answer;

“YHB has over 70 years of experience, it combines personalized service with deep expertise in tax and accounting. Their focus on compliance and strategic planning makes them a trusted partner for small businesses.”

Needs more clarification; let’s see an example from a real-world perspective;

A US-based nonprofit organization struggling with tax compliance partnered with YHB. YHB helped the organization to reorganize the financial process & avoid penalties by giving QuickBooks training & tax guidelines. The nonprofit reported a 30% reduction in time spent on accounting management, which allowed them to focus more on another part of the business.

So, if you are looking for a blend of tax expertise and strategic financial guidance, YHB is a better pick.

CapActix

My second pick is CapActix CPA firm. Its service includes Accounting & bookkeeping, payroll processing, AR/AP management, virtual CFO services, and financial statement preparation. CapActix CPA firm specializes in small businesses across industries.

What makes CapActix different from other CPA firms?

CapActix is ISO 9001:2015 and ISO 27001:2013 certified, which means you will have accounting data security. They provide cost-effective solutions that can reduce up to 75% operational costs.

I have conducted thorough case studies on CapActix to find out why it is unique. Let’s read the findings:

“A small retail business based in Texas outsourced accounting service from CapActix. They reported 75% lower operational costs and improved financial reporting accuracy. CapActix’s virtual CFO services helped the business to identify cost-saving opportunities that increased 20% profitability within a year”.

If you are looking for secure and cost-effective outsourced accounting solutions, then CapActix is a suitable one.

Raben CPA Firm

My third recommendation is Raben CPA Firm. This firm specializes in small businesses and individuals. Their CPA service includes tax preparation, bookkeeping, payroll, retirement planning, and tax relief services.

What makes Raben CPA Firm unique? Let’s see,

“Raben CPA Firm has over 40 years of experience & known for its accuracy, expertise in tax law, and commitment to maximizing client savings.”

So, if you are looking for complete tax relief and compliance services, you can pick Raben CPA Firm.

Signature Analytics

My fourth pick is Signature Analytics, which specializes in small to mid-sized businesses. Their service includes fractional CFO services, financial reporting, cash flow management, process improvement & more.

Now, the question is, what makes Signature Analytics a unique pick? Let’s see,

As a small business owner, you can get expert accounting services at a fraction of the cost. Besides, Signature Analytics offers both on-site and remote accounting support, which means there is enough flexibility to grow your business.”

I have conducted a thorough case study on Signature Analytics to find out how it enhances Cash Flow for Mid-Sized Manufacturing Companies. Most manufacturing companies reported a 25% cash flow improvement within six months after partnering with Signature Analytics. The fractional CFO services of Signature Analytics helped the company implement better financial controls and reporting. 

So, if you are looking for strategic financial oversight beyond standard bookkeeping, you can choose Signature Analytics.

Flatworld Solutions

My fifth pick is Flatworld Solutions. You can take their service globally & it has more than 10 delivery centers. Flatworld Solutions offers Customized financial reporting, payroll processing, tax preparation, real-time bank reconciliations & more.

The unique advantage of hiring Flatworld Solutions is that “Flatworld Solutions, starting with just $8, offers 24/7 customer service and utilizes advanced cloud technology, enabling cost savings of up to 60%.​”

As an entrepreneur, you know business has no schedule so that you may need professional help at any time. Therefore, if you are a small business owner looking for cost-effective CPA outsourcing solutions, then Flatworld Solutions would be a better pick. 

Unison Globus

Like Flatworld Solutions, Unison Globus also delivers its service from 4 centers. They provide all CPA services, such as tax preparation, bookkeeping, financial statement preparation & more.​

I have surveyed Unison Globus to find out why a small business owner should hire their CPA services. The outcomes were positive & most of them rated it as a satisfactory firm. Let’s see the survey highlight,

 “Unison Globus is ISO/IEC 27001:2022 certified, which ensures accounting data security and delivers services using advanced tools like QuickBooks and Xero. Clients reported fast & reliable CPA service with affordable cost.”

Therefore, if you are looking for secure and reliable international tax expertise, you can hire Unison Globus.

Okay, now it is high time to see a quick comparison so that you can make fast hiring decisions.

Best CPA Firms Comparison for Small Businesses

Let’s compare top CPA firms for small businesses in America.  

Concluding Thought

Look, there are no best CPA firms. I am telling you the facts because it is a matter of business needs & budget. My purpose is to inform you about some of the best CPA firms based on my analysis. Why do I demotivate you? Actually, I am not discouraging you; instead telling you the facts. You are a business owner & I know the cost of time. I am writing this article to give you a quick guideline so that you can save time.

Suppose you are asking me which CPA firm I should hire. In that case, my answer is, first, mapping your business accounting needs, then choosing between outsourcing & in-house service.

Hello, respective reader; if you found this article compelling, please share it with colleagues to spread the information. Your share motivates me to write the next informative article for you. I wish you success in your business!

If you hired a CPA firm, what’s your experience with CPA firms? Share your thoughts in the comments below!

Frequently Asked Questions (FAQ) about best CPA firms for small business?

Can a CPA firm help with tax planning?

Yes, a CPA firm can help you with tax planning. For example, YHB and Raben CPA Firm offer tax planning services for small businesses that could help you save money and stay compliant.

What should I look for in a CPA firm for my small business?

You have to check four key points in a CPA firm, namely industry expertise, range of services, pricing, and data security certifications.

How much does it cost to hire a CPA firm?

There is no specific figure because it depends on the CPA firm’s standards & your accounting tasks. Usually, CPA firms charge $8/hour (Flatworld Solutions) for custom quotes for specialized services.

 Are virtual CFO services worth it?

Yes, virtual CFO services are an excellent way to save costs. For example, Signature Analytics and CapActix provide fractional CFO services, offering strategic financial guidance without the cost of a full-time hire, which is a big save.

 What is the benefit of outsourcing CPA services?

As a small business owner, you will get the following benefits by outsourcing CPA services:

• Cost savings: You don’t need to pay like in-house accounting team charges; instead you have to pay for the portion of services that you take.

• Need-based access: You will get access to specialized expertise and advanced accounting tools.

• Financial solvency: As a small business owner, you can focus on growth by ensuring financial accuracy.

References & Sources

Below is the lists of sources that I have used to write this article:

1. YHB Official Website
2. CapActix Official Website
3. Raben CPA Firm Official Website
4. Signature Analytics Official Website
5. Flatworld Solutions Official Website
6. Unison Globus Official Website
7. National Small Business Association (NSBA). (2023). Small Business Taxation Report.
8. Deloitte. (2023). Outsourcing Trends Report.
9. Forbes. (2023). Small Business Financial Health Survey.

Disclaimer

This is not a Sponsored post & the purpose of this article is only education. By reading this, you agree that the information of this blog article is not investing advice. Do your own research before making any financial decision. Therefore, if you lost any money, FinanceIdeas.org will not be liable for this.