7 Accounting Firm Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start An Accounting Firm

Accounting firms provide audit, assurance, consulting, financial advisory, risk management, and tax compliance services.

Professionals are increasingly choosing to work independently rather than for employers. Thus, you may consider starting an accounting firm if you are an accountant.

To ensure a successful business, you must have a blend of accounting skills and experience. Like starting any other business, you must have the drive and the initiative to start your business.

Overall, the success of an accounting firm depends on marketing your services.

Here are some real life success stories of starting a accounting firm:

Learn more about starting an accounting firm:

Where to start?

-> How much does it cost to start an accounting firm?
-> Pros and cons of an accounting firm

Need inspiration?

-> Examples of established accounting firm
-> Accounting firm slogans
-> Accounting firm names
-> Accounting firm Instagram bios

Other resources

-> Blog post ideas for an accounting firm

Part of

Starting An Accounting Firm: Everything You Need To Know

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1. Gauvreau Accounting Tax Law Advisory ($4.44M/year)

Robert Gauvreau, founder and CEO of Gauvreau Accounting Tax Law Advisory, started his business in 2008 with just three employees and $220,000 in revenue. Over the years, through innovation and a focus on proactive financial services, the company has grown exponentially, now generating over $10 million in revenue and employing 90 to 100 people. Gauvreau's goal is to continue scaling the business and reach $200 million in revenue within the next ten years.

How much they make: $4.44M/year
Current team size: 80

Our Accounting Tax Law Advisory Firm Will Surpass $10M Revenue in 2023

Gauvreau Accounting Tax Law Advisory has gone from $220k in revenue in its first year to over $10 million with 90-100 employees, offering compliance solutions, strategic financial advisory services, leadership coaching, and specialized tax, wealth management, and business financing services; their primary goal is to positively empower business owners to maximize their impact in changing the world, and they plan to go from $10 to $200 million revenue in the next ten years.

About

Robert started Gauvreau Accounting Tax Law Advisory over 16 years ago

Revenue

Robert grew the business to $370K/month

Read this case study

Read by 1,433 founders

2. SimplySolved ($6M/year)

Haroon Juma, founder and managing director of SimplySolved, came up with the idea for his business when taxes were introduced in the GCC in 2017. Recognizing that many companies would struggle to manage their operations and legal obligations, he saw an opportunity to provide a simple all-in-one solution. With a deep understanding of good service design and operational know-how, Haroon started the company and has since grown it to manage over 300 companies, with a revenue of $4 million per annum and an annual growth rate of 40%.

How much they make: $6M/year
How much did it cost to start: $500K
Current team size: 27

Building A $4M/Year Company For SMEs: A Slow And Sustainable Growth Approach

Dubai-based SimplySolved has flourished since it was founded six years ago, thanks to its ISO certifications and skilled team. It manages more than 300 companies, handling all aspects of their back-office operations, and turns over $4m annually, experiencing growth of 40% a year, while retaining 4.9 out of five in Google rankings. Founder Haroon Juma says a solid platform, automation and providing a seamless user experience were among his priorities when launching.

About

Haroon started SimplySolved almost 7 years ago

Revenue

Haroon grew the business to $500K/month

Costs

It cost Haroon $500000 to start the business

Read this case study

Read by 1,365 founders

5. Withum

Withum is a nationally ranked public accounting firm providing advisory, tax and audit services to businesses and individuals on a local-to-global scale.

Website traffic: 110K/month

6. PKF O'Connor Davies

Accountants and Advisors

7. CapActix

CapActix is Offshore Accounting Company having expertise in providing finance and accounting outsourcing services in the USA from bookkeeping to virtual CFO for CPA Firms and small - mid-sized businesses.