CliftonLarsonAllen (CLA) is a prominent professional services firm dedicated to empowering businesses and individuals through a comprehensive suite of audit, tax, consulting, and wealth advisory solutions, complemented by specialized digital and outsourcing capabilities. Their primary goal is to help clients navigate complex financial landscapes, optimize operations, and achieve strategic objectives.
Comprehensive Professional Services
CLA operates as a one-stop shop for various professional needs, focusing on building strong relationships and understanding the unique challenges and opportunities faced by their diverse client base. They serve a wide range of industries, including agriculture, construction, healthcare, manufacturing, real estate, and technology, along with government entities and non-profit organizations.
Key Service Areas
CLA provides a broad spectrum of services designed to support growth, manage risk, and enhance efficiency. These core offerings include:
- Audit & Assurance:
- Financial Statement Audits: Providing independent examinations of financial records to ensure accuracy and compliance.
- Reviews and Compilations: Offering varying levels of assurance on financial statements.
- Internal Control Assessments: Evaluating the effectiveness of an organization's internal controls to mitigate risks and prevent fraud.
- Single Audits: Ensuring compliance for organizations that receive federal funding.
- Practical Insight: Essential for stakeholders, lenders, and regulators who require verified financial data to make informed decisions.
- Tax:
- Tax Planning & Compliance: Developing strategies to minimize tax liabilities while ensuring adherence to federal, state, and local tax laws for businesses and individuals.
- International Tax: Assisting multinational companies with cross-border tax implications.
- State & Local Tax (SALT): Navigating complex state and local tax regulations, including sales, use, and property taxes.
- Specialty Tax Services: Such as research and development (R&D) tax credits, cost segregation, and succession planning.
- Practical Insight: Helps clients optimize their tax position, reducing financial burden and ensuring legal compliance.
- Consulting:
- Strategic Planning: Guiding organizations in defining long-term goals and developing roadmaps for success.
- Mergers & Acquisitions (M&A) Advisory: Providing due diligence, valuation, and integration services for business transactions.
- Operational Consulting: Improving efficiency and performance through process optimization and technology integration.
- Human Capital: Offering services related to talent management, compensation, and organizational development.
- Risk Management: Identifying, assessing, and mitigating operational and financial risks.
- Practical Insight: Offers tailored solutions to complex business challenges, fostering growth and stability.
- Wealth Advisory:
- Financial Planning: Creating comprehensive plans for individuals and families to meet their financial goals, including retirement, education, and wealth transfer.
- Investment Management: Providing customized investment strategies and portfolio management.
- Estate & Succession Planning: Assisting with wealth preservation and efficient transfer to future generations.
- Retirement Planning: Guiding clients through retirement savings and distribution strategies.
- Practical Insight: Helps individuals and families build, manage, and protect their wealth for long-term security.
- Digital:
- Technology Consulting: Advising on IT strategy, system selection, and implementation.
- Data Analytics: Transforming raw data into actionable insights for better decision-making.
- Cybersecurity: Protecting client data and systems from cyber threats through assessments, strategies, and incident response planning.
- Digital Transformation: Helping organizations leverage technology to innovate and improve business processes.
- Practical Insight: Equips businesses with the technology and insights needed to thrive in an increasingly digital world.
- Outsourcing:
- Accounting Services: Providing comprehensive bookkeeping, financial reporting, and general ledger management.
- Payroll Processing: Managing payroll functions, ensuring accuracy and compliance.
- Human Resources Support: Offering services like benefits administration, HR policy development, and compliance.
- IT Support: Providing managed IT services and technical assistance.
- Practical Insight: Allows businesses to offload non-core functions, reducing operational costs and allowing them to focus on core competencies.
Here's a quick overview of CLA's service pillars:
| Service Category | Primary Focus | Typical Engagements (Examples) |
|---|---|---|
| Audit & Assurance | Verifying financial accuracy and compliance | Financial statement audits, internal control reviews |
| Tax | Optimizing tax positions and ensuring regulatory adherence | Tax planning, compliance, specialty tax credits |
| Consulting | Strategic guidance and operational improvement | M&A advisory, operational efficiency, technology strategy |
| Wealth Advisory | Personal financial and investment management | Financial planning, investment management, estate planning |
| Digital | Leveraging technology for innovation and security | Cybersecurity, data analytics, digital transformation initiatives |
| Outsourcing | Delegating non-core business functions | Accounting, payroll, HR, and IT support services |
A Holistic Approach
CLA's approach is characterized by integrating these services to provide comprehensive solutions tailored to each client's specific needs. By combining deep industry knowledge with expertise across various disciplines, they aim to offer forward-thinking advice and actionable strategies that lead to tangible results and create new opportunities for their clients. Their goal is to be a trusted advisor, helping clients achieve both financial success and personal fulfillment.
