CPAs are top choice for small business.

• Author: Greenspan, Alan
• Position: News & Trends

Small business owners overwhelmingly choose CPAs over other financial professionals for their personal and business matters, but tend to use different individuals for each, according to a new study by Nationwide Financial, a distributor of retirement planning products.

Just more than half of small business employers surveyed reported that they frequently use CPAs, followed by bankers with 12 percent.

For personal financial matters CPAs also lead, with 28 percent of small business owners reporting they use CPAs, followed by financial planners with 15 percent.

However, the survey also...