When a small business is big enough to need Accounting Consulting Services in Palm Springs CA, the owner may like the thought of passing the responsibility to another party. However, the decision can be difficult, as it requires the owner to trust an outsider with sensitive information. Below are a few things to think about before hiring an accountant.
Value for the Money
An accounting professional can help a client with everything from daily bookkeeping to tax audit representation. An accountant can help clients craft business plans and financial projections before getting a business loan. When hiring an accountant, clients should look for one with whom they can build a relationship that grows with the business.
Is it Necessary to Hire a CPA?
A CPA or certified public accountant is a degreed professional who has passed an exam and met the state’s licensing requirements. CPAs can take on more responsibility than other accounting professionals, such as representing business owners during tax audits. If the business owner believes they may need specialized services, a CPA may be the right choice.
The easiest way to find a good accountant is to ask friends and colleagues for recommendations. Business owners can also find Accounting Consulting Services in Palm Springs CA by visiting the website of the American Institute of CPAs.
Before choosing an accountant, it’s a good idea to interview at least three accounting firms. These professionals work for the client, and it’s the client’s job to vet those who handle the most important parts of the business.
Ask a potential accountant for references from clients in similar industries. If the client needs a CPA, the AICPA has links to every state’s registry. If possible, clients should verify these references to get an idea of the quality of service they’ll receive.
Choose a Responsive Accountant
There’s nothing worse than trusting someone with the business’ finances only to find out that they don’t return phone calls and emails in a timely manner. Ask each potential candidate about turnaround times for reports and filings, and find out how quickly they respond to requests.
Handing the business’ books to an accountant is a decision that shouldn’t be made lightly. It’s up to the client to ensure that the accountant provides the expected level of service, but the accountant isn’t solely responsible for the company’s success. For more information, call Miller and Mehr today.