What are Advisory Services: Accounting Advisory & Your Practice

Looking for an accounting adviser with deep industry experience who understands the accounting and reporting difficulties you’re experiencing, as well as emerging issues facing the marketplace? Our teams have auditor backgrounds, so they bring a broad knowledge of complex analyses and documentation to your engagement. Best of all, services can be tailored to your unique needs, allowing your in-house team to concentrate on more strategic initiatives.

• In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the „Deloitte“ name in the United States and their respective affiliates.
• From tax planning and strategy to counsel on tax-related legislation, accounting advisory includes a variety of engagements in which clients rely on an accounting professional’s unique knowledge and experience.
• A tax return or financial statement usually looks the same no matter who prepared it.
• KPMG has market-leading alliances with many of the world’s leading software and services vendors.
• Discover how streamlining tax returns can elevate your firm’s client service to a new level.

Additionally, many accountants are overloaded with tedious work and have lost the spark that once drew them into accounting. The true value of moving to an advisory-based model is that it will reignite your passion for serving clients and enable you to do what you started out in this profession to do—help others. In general, an accounting adviser is closely involved in their clients’ long-term success, while a consultant provides strategic guidance and recommendations on specific issues or challenges.

Accounting firm advisory services

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee („DTTL“), its network of member firms, and their related entities. DTTL (also referred to as „Deloitte Global“) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the „Deloitte“ name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Tools and customized coaching designed to enhance your firm’s advisory services, strengthen client relationships, and help you get paid for your value.

• Clients, especially small businesses, often want this type of support as they lack the necessary financial expertise or resources.
• The guidance you provide can help streamline accounting processes, improve profitability, and enhance overall decision-making.
• The advisory relationship is the anchor that enables you to build trust and provide higher-value services to your clients.
• Simply put, accounting advisory services involve offering strategic business advice and revealing financial insights that ultimately influence clients’ decision-making and planning.
• Even when clients come to you with a simple request, like “file my tax return” or “handle my payroll”, they often are looking for much more.

This shift not only increases revenue but positively impacts your clients’ business and financial lives—and opens the door to more meaningful work for you and your staff. Compliance services in accounting simply means ensuring the company’s financial records, reports, and filings comply with the applicable regulations and standards for the type of business. Accountants are experts who can identify the applicable regulations and standards, and then assist with preparing the required reports and filings. Accountants help business owners stay compliant by providing compliance services, such as bookkeeping, financial statement preparation, income tax preparation, payroll processing, sales tax collection and remittance, and more.

United States Support

AI-powered tax and accounting research tool delivering expert-authored guidance and workflow aids to ensure your advisory engagements adhere to professional standards. Combining the right people, innovative technologies, and processes, we turn insights into action. We use our deep and diverse experience to solve problems, drive data-driven solutions and deliver outcomes that align with your values, build trust, and accelerate transformation. With KPMG Accounting Advisory at your side, you have a trusted advisor providing transactional guidance based on your industry or the geography.

• The role of CAO is evolving, from traditional accounting to becoming valued business partners in transformation and strategy.
• After all, providing accounting advisory services requires an in-depth knowledge of your client’s finances, industry and upcoming market trends.
• Advisory Roundtables are virtual peer-to-peer events to connect and share with peers about best practices, challenges, and hot topics.
• Accountants have played an essential role in keeping companies afloat throughout lockdowns, government restrictions and a crashing economy.
• Whether it’s sharing a relevant blog article or industry insights, educating your clients should be an essential part of advisory services.

Client engagements are rightfully centered around your client’s business goals and the guidance your firm can provide, in addition to traditional tax compliance. Simply put, accounting advisory services involve offering strategic business advisory accounting advice and revealing financial insights that ultimately influence clients’ decision-making and planning. In the end, it’s all about transforming your firm from a tax compliance processor into a trusted, strategic partner.