"Great people and great atmosphere"
"Vacation is generous, compensation is better than average"
"Availability of superiors' time to answer questions and help"
"Not easily accessible by public transportation"
"Some benefits were taken away this year"
"Sometimes just too much work"
"High-end clients, nice office, employee-friendly"
"Small and reputable"
"Not well known"
Despite having only one office, Boston-based Caturano and Company is the largest regional accounting firm in New England. The firm came in at No. 39 on Accounting Today’s 2009 Top 100 Firms list, which ranks companies by U.S. revenue. The firm brought in $63.2 million in net revenue for its 2008 fiscal year (ending in June).
Established in 1978, Caturano and Company offers complete accounting services, including audit, review and assurance. Following regulatory changes in 2002, the firm established a business in Sarbanes-Oxley compliance techniques. Caturano and Company has made itself a true one-stop shop for clients, providing options in tax, business valuation, wealth management, management and technology consulting. The firm’s industry expertise covers automotive, banking, construction, food services, lumber services, manufacturing, medical, nonprofit, retail distribution and technology/life sciences sectors, among others.
Caturano and Company is an independent member of Baker Tilly International, the eighth-largest accountancy network in the U.S. Baker Tilly International has aggregate revenue of $3 billion, and is made up of 145 independent member firms across 110 countries.
Caturano and Company’s charity operations are conducted through Caturano and Company Foundation, which provides assistance (via financial donations, fund-raising efforts and firm-led volunteering) to causes that are important to employees. All charitable donations are based on employee requests, and include Boston-area charities as well as national organizations like the American Cancer Society. And Caturano and Company organizes firmwide events with all proceeds going to charity.
Caturano and Company’s attention to charitable causes was publicly recognized in September 2008, when Boston Business Journal named the firm one of the area’s Largest Corporate Charitable Contributors. It was the fourth consecutive year that Caturano and Company received the honor. President Rich Caturano was invited to speak at the 2007 awards ceremony about how small- and mid-sized firms make charitable giving possible.
Stepping down test
In May 2008, firm co-founder Richard Vitale resigned from the firm (which, at the time, bore his name) amid claims that he helped ticket brokers get advantageous legislation in Massachusetts without enlisting as a lobbyist beforehand. The Boston Globe reported that Vitale resigned after receiving pressure from partners at Caturano and Company. Vitale also faced another allegation as well, the claim that he loaned House Speaker Salvatore DiMasi $250,000 in mortgage money at rates that were beneath regular market rates. Despite his relatively quick exit, the firm maintained that Vitale ultimately left the firm for retirement reasons.
Going for the gold
Regardless of the tumult, the firm itself recently garnered several awards and rankings. Caturano and Company made several lists compiled by the Boston Business Journal, including being ranked as the fifth-largest accounting firm in the area, the largest IT consulting firm and the largest charitable contributor lists for the fourth consecutive year. The Business Journal also ranked the firm as one of the area’s largest private companies for the third consecutive year. Meanwhile, The Boston Globe ranked Caturano and Company as one of the top-100 places to work for 2008.
Inc. magazine named Caturano and Company to its Inc. 5000 Fastest Growing Company list for the second year in a row in 2008. The Inc. 5000 includes the popular Inc. 500 but digs deeper to offer the most comprehensive look ever at the entrepreneurial engine driving the U.S. economy. FinancialWeek also named Caturano and Company No. 42 on its list of the top-100 accounting firms in the nation.
80 City Square
Boston, MA 2129
Phone: (617) 912-9000
Employer Type: Private
President: Richard Caturano
2008 Employees (All Locations): 370