A Certified Public Accountant is essential to the financial administration of any business, large or small. Bookkeeping is necessary organization, but a CPA goes beyond this function.
Not all CPAs are going to be right for your business. Everyone you know will probably offer eager recommendations and those are a good start but getting the right person on board is essential.
So, we’ve put together this list of questions to make sure you get exactly what you’re looking for. You need a reliable source of information to help you push your business toward the long-term health you desire and that’s what a CPA can provide.
How Will Your Account Be Serviced?
Hiring a CPA means hiring a team. So. something you need to know from the start is if your account will be serviced by the same people. Having a dedicated account team means you’ll get consistent quality and develop a better, more enduring relationship with your CPA.
Communication is an important component of having your account serviced at the level you envision, so be aware of communication styles while meeting with potential CPAs. A lack of communication is one of the most common roadblocks in any relationship – business or otherwise. Ensure that the CPA you choose is a clear, timely communicator.
What Can You Do for Me?
A CPA does more than crunch numbers. This is essentially a financial advisor who understands your numbers picture clearly as the foundation of offering you the right advice.
You’ll also want to ask potential CPAs about how they can use your resources to create more of them. Finding more intelligent ways to do your taxes is one way they can do that.
Look out for candidates who come prepared to your meeting, with an understanding of where you are and ideas about how they can help you get to the next level.
Who Are Your Other Clients?
It goes without saying that you’re going to need a CPA who “gets” your business. Establishing that your candidates are working with or have worked with companies like yours is key to getting the right kind of support.
But you also need to understand how large the CPA’s client roster is. Is this firm going to have the time and human resources to do your company’s financial needs justice? Ask for a client list. Don’t just accept a, “Sure! We can do it!” response. Everybody likes new business. Not everyone can service it.
Because of the complex nature of the US tax code in its multifarious jurisdictions, your CPA should be pursuing regular professional development.
While requirements for CPAs to upgrade their knowledge vary from state to state, all CPAs must adhere to minimum requirements for professional development to maintain their certification.
Norton Financials supports small business with individualized financial services. We take the books off your hands, so you’re free to be the savvy entrepreneur you are.
We keep your books compliant, accurate and responsive.
Ready to let Norton sweat the numbers? Contact us.