From an advisory perspective, your clients may engage you for year-round advice and insights into all areas of their businesses. You work with them directly and routinely to enhance their decision-making and help their businesses grow. This type of advisory relationship differentiates you from other consultants. As a Deloitte Tax intern, you’ll work with diverse and talented teams to help clients analyze the tax effect of complex decisions, reduce overall tax rates, and pursue performance objectives.
- Discover how to grow your accounting practice and become a next generation firm through high value advisory services with Practice Forward.
- Within the world of Enterprise Risk (ER), we take a deep dive into understanding our clients’ key concerns/risks and identify channels through which we can provide solutions to help remediate these risks.
- It’s fairly common for CPAs to become part-time or full-time consultants just prior to retirement, while others enjoy the benefits of greater flexibility and control over their schedules earlier in their careers.
- An ongoing survey by Indeed shows that the average salary for accounting consultants in the United States is $78,960 per year (as of April 2020).
- When working as an accounting consultant, you can take your expertise a step further.
- From an advisory perspective, your clients may engage you for year-round advice and insights into all areas of their businesses.
An understanding of internal controls over financial reporting (ICFR) and/or experience in performing SOX reviews would also be considered assets for this role. Traditionally, the nature of accountancy means that you collect historical information and data and report on it. When working as an accounting consultant, you can take your expertise a step further.
What types of consultants are in demand?
Being an accountant can mean far more than preparing tax returns, compiling financial statements, handling technical compliance work or providing back-office accounting services. It’s becoming increasing popular for many CPAs to offer their services in an accounting consultant capacity, which is a bridge to becoming the holistic trusted advisor consumers are looking for in today’s economic climate. Read our white paper, How to start an accounting advisory business, to learn more about how to become an accounting consultant. A consulting gig is typically temporary, designed to help your client with a specific problem or situation, such as determining which entity type is the best for their new venture. You would consult on that, offering an analysis from an accounting and tax perspective, based on the business, the client’s goals and objectives, and specific needs.
You will collaborate daily with our tax team to perform research and analysis, and utilize your consultative skills to turn findings into actionable solutions. During your internship you’ll interact with multiple clients, providing you exposure to a variety of organizations and a stronger understanding of applicable tax implications for different clients. Economic disruption can magnify the crucial aspects of your advisory-centric relationships. As the economy suffers, and businesses fight to stay in business due to social distancing and quarantines, more and more business owners will expect assistance. As clients seek more answers and more guidance, the demand for accounting consultants increases as well. Generally speaking, your clients will expect a fixed fee for consulting services.
What’s the difference between accounting and consulting?
Working across assurance, consulting, law, tax, strategy and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Within the world of Enterprise Risk (ER), we take a deep dive into understanding our clients’ key concerns/risks and identify channels through which we can provide solutions to help remediate these risks. With Practice Forward content, tools and guidance, you can expand into advisory services, improve margins, drive growth, and elevate client service. Getting started can be as simple as merely getting your name out there to your existing clients and referral sources or as complicated as starting a business from the ground up.
000+ Accounting Consultant Jobs in United States
To become an accounting consultant, you also need to consider who you want to work with. Do you want to work with your existing accounting clients, or attract new clientele? If you’re selling your consulting services through an accounting firm or management firm, you may not have to look very far for consulting clients.
Senior Accountant / Accounting Manager
At Deloitte, our tax consultants provide a full-range of tax services to clients. We help our clients combine tax data, processes, technology, and people in new ways to uncover valuable business insights and arrive at smarter solutions to business challenges. Our team members work collaboratively and apply their specialized knowledge and experience to help clients navigate past complex tax and financial reporting issues. We offer deep insights into their business practices and procedures and help them make more informed decisions to enhance their business’ efficiencies.
Sign in to create your job alert for Accounting Consultant jobs in United States. EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Of course, the COVID-19 pandemic may affect the profession to a degree, but over the past decade, accountants and auditors have maintained higher employment rates than many other professional positions. Click the link in the email we sent to to verify your email address and activate your job alert.
If you’re putting up a new independent contractor shingle, you will need to market and sell yourself to various companies and individuals in order to bring in the new consulting engagements. We assist clients in implementing or enhancing their risk management frameworks (or elements of such) so that they can take risk management into their own hands on a continuous basis. Becoming an accounting consultant takes a special set of skills beyond your technical accounting expertise. Technical skills aren’t necessarily the divide between a great consultant and a mediocre one. Passion, drive for excellence, leadership, communication skills, and organizational skills – in addition to your knowledge – play a big role in how successful you will be as an accounting consultant.
Once the client has chosen an entity structure, your consulting job is done. That doesn’t mean that you won’t have additional consulting opportunities with that same client in the future; it just means that you handle them one at a time as they arise. If you’re wondering how to transition into accounting consulting, you’re in good company. It’s fairly common for CPAs to become part-time or full-time consultants just prior to retirement, while others enjoy the benefits of greater flexibility and control over their schedules earlier in their careers.
Join us and enjoy an exceptional experience for yourself and help build a better working world for all. The survey also compared annual accounting consultant salaries by geographic and metro regions. For example, a CPA consultant’s average salary in New York City is $106,000 per year, while in Bethesda, MD, the annual salary averages $74,000. Learn how to start an accounting advisory business in our white paper. Learn how to start an accounting advisory business in our white paper. Our preferred requirements for this role are summarized below and we welcome all suitable applications.
Assistant Accounting Manager
Not only that, but if you stick to hourly billing, you will need to take on and maintain more clients to increase your profits. With a fixed consulting fee, you charge for your value, above and beyond your time. Your clients pay you for your expertise, knowledge and guidance, and you will likely reap the rewards of that relationship in terms of more business from them and their tax calculator and refund estimator 2020 referrals as well. We’re looking for highly-motivated, out-of-the-box thinkers to join our tax consulting team. If you enjoy a challenge and thrive in a fast-pace environment, then you may be the right fit for our tax internship program. During the internship, you’ll gain first-hand knowledge of the day-to-day responsibilities that come with this exciting and rewarding career.