CPA firm Bauknight Pietras & Stormer, P.A., has been recognized by global media company Forbes as being among America’s top recommended tax and accounting firms.
Of the 227 firms named to the Forbes list for tax or accounting services, BPS was one of 90 firms nationally – and the only South Carolina firm – recognized for both tax and accounting services. Elliott Davis in Greenville, the only other South Carolina firm on the Forbes list, was recognized for tax services.
This was the first year Forbes partnered with Statista, an independent market research firm, to create the list of the nation’s most recommended firms for tax and accounting services. The list is based on a survey of 1,800 tax and accounting professionals and chief financial officers who were asked to nominate deserving peer firms.
The Forbes honor caps a transformative year for BPS, which in July relocated its corporate offices to a new, 20,000-square-foot space in Columbia’s TD Bank Building at 1501 Main Street. At the time, BPS had a team of 70 professionals, including 50 CPAs. BPS since added 10 employees for a total of 80 team members.
Managing Shareholder Russell Bauknight, CPA, credits the firm’s success to its employee-focused culture and ongoing investment in professional development.
“Our priority through our 28 years in business is that our people come first. Creating work-life balance for our people is very important and something that can be difficult to achieve in our industry,” Bauknight said. “We constantly look for new ways to make BPS the preferred employer for tax, accounting and administrative professionals.
“It’s pretty simple. When you take care of your people, they take care of your clients.”
Professional development is critical particularly in the wake of changes to the federal tax code.
“Tax code and regulations governing individual and corporate finance are constantly changing so our people must constantly up-skill their knowledge,” Bauknight said. “Each year, BPS invests well over six figures in professional education and development sponsored by the AICPA, PrimeGlobal and other industry leaders. As trusted advisors to our clients, it’s an investment we make to guide clients with confidence based on the latest information.”
Established in 1991, locally owned BPS is a strategic partner to clients in the insurance, construction and real estate, employee benefits, hospitality, manufacturing and distribution, professional services, telecommunications, and technology industries.
BPS is a member of Prime Global, an association of private accounting firms.