It is not that only larger firms need the CPAs. Irrespective of the size of your business you will require a good or a team of good CPA. Handling the accounts and related things for a business is not an easy task. The most important thing here is to choose the right CPA who can help you with all your needs. There are lots of important things you will have to consider when you are selecting the CPA.
Here are few tips following which you can hire a good small business CPA:
Services – Do you want to hire the CPA just for your tax filing work or you want the CPA to handle overall accounting work? It is always better to ask them about their services. As there are some CPAs who are specialized on one particular work. Audits, tax planning, payroll, business growth etc. are some of the vital things for any business. The small business CPA you select should be able to handle all such tasks.
Experience/Qualifications – The one just finished the college can also prepare your tax return but only the CPAs, lawyers, and licensed accountants can sign you’re your return and file it for your business. It is very important that you consider hiring a CPA with a decent amount of experience in the field. It is recommended that you hire one with at least five years of experience. You also need to make sure about their qualifications and credentials. With good experience and qualification, they will have good knowledge.
Price – Most of the small business CPA will charge you on an hourly basis. It will also depend on the amount of work CPA has to do for your business. Some CPAs may also work on fixed charges if you think that can work for you. It is good that you discuss the charges before hiring them and also approach multiple CPAs. Doing this you can compare the fees they charge you. Also, make sure you are not hiring someone who is ready to work for you for very cheap. Such CPAs will just want more business and will not be able to provide the kind of services you are looking for.
It is not that the small business CPA you hire should just help with your taxes and all other related tasks. They also have to participate in the financial planning for the company. They should be able to give their inputs which in turn can help the small business grow.