Choosing a perfect CPA for your business – What are the factors to take into account?
It is true that the small business owners in America usually handle their taxes but at the same time there are several entrepreneurs who would never ever choose to handle this aspect on their own. In case your business is looking forward to hiring a tax accountant, there are many things that you need to keep in mind.
Did your business firm already have an accountant before or in the last few years? If answered no, you should be ready to get in touch with the different firms so that you may get to know the services offered by various CPAs. The IRS certainly doesn’t require a CPA or a Certified Public Accountant to prepare business taxes but you can definitely check www.pstein.com in order to know more on how you can choose the best CPA in Israel.
#1: What are the degrees that you hold in accounting?
The first query that you should make to the CPA whom you’re interviewing is on the degrees that the person holds in accounting and training. Remember that all CPAs and accountants will not perform all kind of services which you may require in the near future. Hence, before hiring someone, you have to check whether or not the person specialized in that specific field.
#2: What sort of experience do you have?
The next question should be on the level of experience that you have on accounting and handling the finances of a business. All accountants are not considered as CPAs and all CPAs carry on services which you might require in the near future. There are few services which require licensing and hence you have to be careful about choosing the best CPA as per his experience.
#3: Do you have any experience in working with a business of this size?
There are some accountants who offer industry comparisons to the financials or they also make use of their professional contacts within the industry. There are also others who serve different industries inside a specific geographic location. So, before you hire the person, you have to ensure that he has enough experience in handling a business of a size which matches yours.
#4: How do you decide on the fees?
What is the basis of charging fees? Do you charge as per project or is it hourly or do you have any other way of calculation? Make sure you’re clear about the fees before you make him sign the contract.
So, now that you know the ways in which you can choose the best CPA, you should follow the tips mentioned above and ask the person the above listed questions.