Biggs, Kofford & Co. PC, is getting a business makeover, adding a splash of consulting and a hint of technology.
The 20-year-old company based in Colorado Springs has created BiggsKofford to oversee its two companies: BiggsKofford Certified Public Accountants, formerly Biggs, Kofford & Co., and BiggsKofford Consulting LLC.
The CPA side will still handle financial management services and tax and assurance services, while consulting will offer business and strategy advice, information technology, software solutions, training and performance measurement for clients.
Though the company has offered consulting services since 1998, Doug Charlson, director of BiggsKofford Consulting, said some clients did not take its consulting qualifications seriously. As the company’s consulting services grew they “didn’t fit well under the CPA umbrella,” said Charlson. “When we realized that, we decided to form a separate company,” he added.
Charlson said the company has grown more than 35 percent in the last year. About five to seven new hires will be added to the company’s existing 32 employees over the course of the next year.
To keep up with that growth, BiggsKofford is expanding its facility. The company is doubling its current size, adding 11,500 square feet to its building at 630 Southpointe Court. The BiggsKofford division is expected to move in Jan. 1, 2002.
Competition from national financial consulting firms with offices in the Springs is tough. But BiggsKofford is ready for the challenge.
“We think (this move) positions us very well against the competition because we offer CPA services and consulting,” said Charlson.
While Charlson doesn’t view the competition as a problem, the changing economy may be friend or foe. “Sometimes if the economy deteriorates, that helps our business,” said Charlson.
During times of a healthy economy, people don’t plan as much as they should, he said. While the current climate hasn’t affected the decision to diversify and expand, Charlson said that like anyone in business, he’s watching the shifting winds.
“I think it’s fair to say we are keeping an eye on the economy to make sure our plans are not affected.”