Apr 9, 2018
1. What You Get for Your Money
Accounting professionals can help you with everything from day-to-day bookkeeping to representing you in a tax audit (if they have the proper accreditation). Do you want someone to advise you in crafting your next business plan or help you prepare financial projections so you can secure a business loan? Will you want these or other services in the near future? It’s a good idea to think long term when hiring an accountant. Look for someone with whom you can build a relationship that will grow with your business.
2. Do You Really Need a CPA?
A certified public accountant (CPA) is an accounting professional who has a college degree, has passed a professional exam, and has met state licensing requirements. CPAs are authorized to take on more responsibilities than other accountants, most notably representing taxpayers in IRS audits. If you think your business might need any of the special services CPAs can perform, or if you feel more comfortable hiring a certified professional, a CPA might be a good choice for you. If your budget is tight and your needs are fairly straightforward, an accountant who is not a CPA (and who likely costs less) might meet your needs.
3. Ask for Referrals From People You Trust
The best way to find an excellent accountant is to ask colleagues and friends for referrals. You can also find CPA listings online on the website of the American Institute of CPAs (AICPA).
4. Shop Around
It’s a good idea to talk to at least three accountants or accounting firms before choosing one. Remember that professionals work for you; don’t be afraid to ask questions and thoroughly vet accountants who might handle a vital aspect of your business.
5. Check Their References
Ask potential accountants for client references, particularly from clients in your industry. If you are considering CPAs, AICPA has links to all the state CPA registries. There is also an online lookup tool provided by the National Association of State Boards of Accountancy.
Related Topics: Hiring
