Need business and finance help with t​he senior partner of an accounting firm who is looking for ways to increase the firm's business

timer Asked: Dec 9th, 2015
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Question Description

the senior partner of an accounting firm is looking for ways to increase the firm’s business. What other services besides traditional accounting can the firm offer to its clients? What new challenges might this additional work create?

Tutor Answer

School: UC Berkeley

Thank you for the opportunity to help you with your question!

Accounting firms offer a specific service. This is mainly accounting. Accounting includes book keeping and balancing annual finances. This firm can start offering consultancy services to clients. These services may include advise on how to reduce tax burdens and also forecast the firm's performance. 

Not all accounting firms offer audit services. With a little more training the firm can increase their service base by offering audit services to clients.

The major challenge in offering these services may include the cost of hiring new employees or even introducing training to the firm.

Please let me know if you need any clarification or modification. I'm always happy to answer your questions. Thank you for offering me this opportunity.

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