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Best Accounting Firms for Small Business

Published on July 29, 2024
Cover image of post "Accountant for Small Business: 7 Services Worth Paying For"
  • Small businesses that outsource accounting grow 1.5× faster and are 30% less likely to fail (SCORE
  • Small Business Trends 2025).Seven CPA services—entity tax strategy, payroll, sales-tax compliance, quarterly estimates, cash-flow forecasting, year-end tax, and IRS audit defense—save $5K – $25K a year.

Ready to upgrade? Compare vettedsmall-business CPAs on Sam’s List!

Finding the best accounting firm for your small business isn’t just about who does taxes, it’s about choosing a partner who understands your goals. Whether you need bookkeeping, tax planning, or financial strategy, the right firm can make all the difference. In this guide, we’ve curated thebest accounting firms for small businessesin 2025, highlighting their services, pricing, and specialties so you can find the perfect fit.


Why DIY Books & TurboTax Hit a Ceiling

  1. IRS audit rate for Schedule C >$100K income is 2.1× higher than W-2 filers (IRS Data Book 2023).
  2. Missed 199A deduction can cost S-corp owners 20% of profits.
  3. Forty-nine states have sales-tax or franchise-tax rules that trip once revenue hits $100K.

The 7 CPA Services That Pay for Themselves

1.Entity-Tax Strategy&S-corp Payroll

CPA sets “reasonable salary,” shifts excess profit to distributions—saves 15.3% SE tax.

Example:Landscaping duo dropped payroll taxes $12K by cutting W-2 to $60K and taking $80K distributions.

2. Monthly Bookkeeping Close & Cash-Flow Forecast

Close books by Day 10, 13-week cash forecast flags shortfalls early.

Example:Retailer avoided 18% APR MCA loan by seeing cash dip 6 weeks ahead.

3. Quarterly Estimated-Tax Planning

CPA annualizes uneven revenue to avoid overpaying Q1 taxes.

Example:Photographer cut Q1 estimate from $3,200 to $900—cash for a new lens.

4. Sales-Tax & Nexus Compliance

CPAregisters and files in states where WooCommerce/Shopify sales exceed $100K.

Example:Etsy seller avoided $8K back tax in California by registering early.

5. Payroll & 401(k) Plan Setup

CPA integrates Gusto/ADP, sets up Safe-Harbor 401(k) to slash owner taxable income.

Example:Bakery owners stashed $46K pre-tax the first year.

6. Year-End Tax Return & 199A Deduction

20% deduction on qualified business income—CPA allocates wages to meet W-2 limit.

Example:Consulting firm saved $9,600 federal tax.

7. IRS Audit Defense & Response

CPA responds to CP2000 notices, supplies receipt images.

Example:Resolved $14K 1099-K mismatch with zero penalty.

Small-business owner and CPA reviewing a Profit-and-Loss report on a laptop in a Main Street office.


How much does an accountant cost for a small business?

$400–$1,200/month for bookkeeping + $1,000–$2,500 for annual tax.

Multi-state sales tax, payroll, or inventory bumps cost.

Do I need an accountant or can I do it myself?

DIY works < 50 monthly transactions; outsource once cash-flow, payroll, or multi-state tax appear.

Opportunity-cost of owner’s time > $50/hr tips the scale fast.


Frequently Asked Questions

Is accountant cost tax-deductible?

Yes—professional-service fee, Schedule C line 17 or 1040 Sch E deduction.

Cash vs. accrual for small biz?

Cash OK ≤ $25M gross receipts; accrual gives cleaner margin picture once inventory involved.

Can QuickBooks replace a CPA?

Software posts transactions; CPAs plan taxes, ensure compliance, and defend audits.


Red-Flag Answers When Interviewing CPAs

  1. “We’ll lump everything in ‘Other expense.’”
  2. No engagement letter or scope.
  3. Ignores sales-tax nexus.

Readiness Checklist

☐ Separate business checking account open
☐ Chart of accounts cleaned (no duplicates)
☐ Sales-platform feeds connected (Stripe, Square)
☐ Bank-rule automations set


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Author: Kimi, Co-founder of Sam's List

Kimi writes about what she's learning while building Sam's List and shares honest takeaways from her conversations with accountants and financial advisors across the country. None of this is financial advice—just the stuff most people wish someone told them sooner.


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