Consider a strategic vendor relationship that will help you manage workflow and client relationships with integrated solutions in addition to providing the guidance and support you need to push your firm’s transition into the future of accounting. 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). No matter the timing of your transition to accounting consulting, you will need to plan your new business in advance. There may be additional training or education to help you specialize in a particular type of consulting, but there are also other considerations that require some forethought.

• Click the link in the email we sent to to verify your email address and activate your job alert.
• Do you want to work with your existing accounting clients, or attract new clientele?
• During the internship, you’ll gain first-hand knowledge of the day-to-day responsibilities that come with this exciting and rewarding career.
• In addition, prior to the global pandemic, client expectations were already shifting.
• You can work out any problems or issues with your client directly without involving a third party.
• Having a contract or engagement letter will protect you in the event of a lawsuit.

They capture our shared aspirations and expectations, and guide how we make decisions and treat others. We care for our people and are committed to inclusion, understanding and respect for all. Click the link in the email we sent to to verify your email address and activate your job alert. To build new skills or hone ones you haven’t used lately, you may need to do research or take classes.

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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. Probably the most important decision you will need to make is whether to be an independent consultant or work as a contractor for a staffing or consulting services firm, two of the main avenues for consulting, though not the only options.

• If the accounting consulting topics in highest demand aren’t your best skills, you may want to start other advisory services in your firm.
• Read our white paper, How to start an accounting advisory business, to learn more about how to become an accounting consultant.
• Technical skills aren’t necessarily the divide between a great consultant and a mediocre one.
• No matter the timing of your transition to accounting consulting, you will need to plan your new business in advance.
• When working with a staffing or consulting services firm, you register and are interviewed and onboarded, and the firm will match you with potential employment opportunities.
• Are you seeking to consult for just a few years before retiring altogether, or for possibly the next decade or more?

You provide additional analysis or insight beyond the compliance transaction, usually by being hired to provide solutions to a particular problem (though some consulting can look like advisory services and be more open-ended and wide-ranging). As a CPA consultant, you analyze the numbers and trends and provide thoughtful, detailed insight to improve your client’s business going forward. If you succeed in forging a path to your client’s growth, you also create a solid footing to continue working with them long-term as a business partner and advisor.

Accounting consulting: How to become an accounting consultant (and why)

With Practice Forward content, tools and guidance, you can expand into advisory services, improve margins, drive growth, and elevate client service. These are just a few of the HR functions accounting how to read large numbers on financial statements firms must provide to stay competitive in the talent game. Regardless of the type of work you want to do, getting started as a consultant most likely will require advance planning.

How do I become an accounting consultant?

In one or more such cases, false promises of actual or potential selection, or initiation or completion of the recruitment formalities appear to have been or are being made. Some jobseekers appear to have been asked to pay money to specified bank accounts of individuals or entities as a condition of their selection for a ‘job’ with Deloitte. These individuals or entities are in no way connected with Deloitte and do not represent or otherwise act on behalf of Deloitte. As used in this posting, “Deloitte” means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see /us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

000+ Accounting Consultant Jobs in United States

Each type of entity has a different tax treatment, and they may differ in terms of benefits. Ask yourself whether you may be hiring staff later on, which may affect how you set yourself up as well. Are you seeking to consult for just a few years before retiring altogether, or for possibly the next decade or more? Establishing an anticipated time horizon can help you determine what type of work you decide to do and how much you should invest in preparing yourself. 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. Read our white paper, How accountants work from home successfully, to discover specific steps you can take now, along with insights into how you can effectively manage your business remotely.

As clients seek more answers and more guidance, the demand for accounting consultants increases as well. When working with a staffing or consulting services firm, you register and are interviewed and onboarded, and the firm will match you with potential employment opportunities. The firm will also take a percentage of your pay in exchange for this and other services. The advantage to working for a firm, though, is that you won’t need to find clients or market yourself.

Senior Accounting Consultant

You will also need to consider how much money you will need to get started as a consultant, including for travel expenses, taxes, technology and software (if your clients are not providing this), and the cost to acquire new skills and set up an office. Since so few accountants are unemployed, open positions are going vacant for longer, and organizations are likely to consider hiring consultants on a short-term basis, said Maureen Hoersten, COO at Chicago-based staffing firm LaSalle Network. It can take three to four months to fill a high-level vacancy, such as a CFO or controller position, and organizations may hire a consultant in the meantime. They may also seek consultants because they are expanding or relocating and need someone to assist during a transition or to help implement software. Generally speaking, your clients will expect a fixed fee for consulting services. Not only that, but if you stick to hourly billing, you will need to take on and maintain more clients to increase your profits.