Top Accounting Firms to Watch in 2013
Accounting is more than just keeping track of purchases and balancing a checkbook. For example, remitting tax, owning an account in the bank, handling finances- either personal or business, all require accounting knowledge. Some of those who specialize in accounting are of course more skilled and have risen to the top of the industry due to their ability to understand complicated tax law and work with their clients closely. These firms have each made names for themselves and are generally considered to be trust worthy, and careful in their work. Taxation is an extensive process that involves large sums of money, calculation and filing forms (at its most basic level). Without proper tax procedures, a company may be shut down or fined heavily. Consequently the reputation of that company is destroyed. This is why these accounting companies have become what they are now; because of the sensitive nature of taxation and law, only those who can help their clients avoid serious crimes can succeed.
Large accounting firms in the world utilize the services of lawyers. LL. M taxation is a section of law that gives one a chance to specialize in a particular area such as the organization of business, international tax, estate planning or wealth management among others. At times, people may take those generalities to get a wide spectrum of the tax law. In all cases, the lawyers are very helpful to their clients and each of the following firms would be able to advise you in correct and incorrect forms of Tax Law.
Deloitte is one of the largest accounting firms in the world. Its growth is steady. It provides professional services in many countries across the world. These services are auditing, tax, financial advisory, consulting and enterprise risk. These services are required by various companies across the world. This company is constantly acquiring new clients each year. From research, it has been shown that, Deloitte beat PwC to become number one in 2010. This means that the company offers the best services across the countries where they are established. Employees of this firm are highly qualified to offer high quality services.
A lawyer working for such a reputable firm is highly qualified. In the sector of taxation, most of them have LL. M taxation. This enables them to work efficiently. For these lawyers to obtain an advanced degree is not hard. This is because, this degree is offered online. Others can choose to do it part time, that is evenings after work. Here, the individuals are aiming for a better pay as well as increasing knowledge in the field of study.
PriceWaterhouseCoopers, commonly known as PwC is another top accounting firm in the world. Basically, it is a multinational company with headquarters in London. It currently is the largest in the world offering accountancy services. PwC is widespread in the world. It is found in one hundred and fifty nine countries. In this firm, the managing consulting services were the fastest growing and the most profitable area. In United States, it was ranked as the fifth largest private owned company.
Ernst & Young is another global organization found in one hundred and forty countries. Its headquarters is in London. In the United States, it is ranked the eighth largest private company by Forbes magazine. This is the most globally managed company in the world, because it sets global standards and oversees the policy and service consistencies. Ernst & Young has divided its professional services into four areas for ease of management. These are; Americas, Asia-Pacific, Japan and Europe, Middle East, India and Africa, commonly referred to as EMEIA. This firm has grown over the years to join the big four. Additionally, this company has been ranked as one of best places for women to work by Working Mother’s magazine. It has various services including tax services offered by qualified lawyers.
KPMG is a professional firm providing a range of services in auditing, tax and advisory services in more than one hundred and fifty six countries worldwide. This is a global firm with the aim of helping individuals out of their accounting problems. They help people grow in their areas of specialization.
Overall, each of their firms has made significant gains in the previous years to earn they names they have now. Keeping an eye on these firms and their dealings may just be the ticket to helping you to find a firm to take charge of your accounting and tax needs.
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