The accounting sector in Newport Beach, California, has recently experienced significant growth and transformation, marked by firm expansions and strategic mergers aimed at enhancing service offerings and expanding market presence.
Blueprint CFO’s Strategic Expansion
In the first quarter of 2022, Blueprint CFO, an Orange County-based accounting firm, expanded its executive team by onboarding three seasoned Chief Financial Officer consultants. This strategic move increased the firm’s consulting CFOs to seven, including professionals with backgrounds from The Irvine Company and KPMG. Founder Jim Downes emphasized that this expansion enhances the firm’s capacity to serve clients and drive profitability.
Baker Tilly and Squar Milner Merger
Effective November 1, 2020, leading accounting firms Baker Tilly US, LLP, and Squar Milner, LLP, combined to form a coast-to-coast advisory CPA firm. This merger fortified the firm’s capabilities, expanded its national footprint, and secured a Top 10 ranking in the industry. The combined firm operates under the name Baker Tilly US, enhancing its presence in California, including Newport Beach.
Local Accounting Firms Enhancing Services
Several Newport Beach-based accounting firms have been recognized for their comprehensive services:
- DBBMcKennon: A full-service, PCAOB-registered CPA firm providing audit, tax, and consulting services, with a specialization in SEC audits and equity crowdfunding under Regulation A+ and Title III of the JOBS Act.
- NOW CFO: Offers outsourced CFO, controller, and operational accounting services without long-term contracts, catering to businesses of varying sizes and industries.
- Morey CPA & Associates, Inc.: Provides services including small business accounting, tax planning, and outsourced accounting, with a focus on personalized strategies to enhance client profitability.
These developments reflect Newport Beach’s dynamic accounting industry, characterized by strategic growth and a commitment to delivering comprehensive financial services to businesses and individuals.
