It does not matter how big or small your business is, it is beneficial to have a tax and financial adviser. If you want to be serious about the business, then you should get the services of a CPA. CPA stands for certified public accountants. But choosing the right CPA can be intimidating as there are many accounting firms available to choose from. You can make mistakes while deciding what type of CPA to hire. How are you supposed to know which CPA firm is the best? Let’s discuss the steps that can help you find the perfect CPA for you.
What is CPA?
The primary function of the CPA is to help business thrive. It is a toolbox that includes everything from financial planning to financial statements, tax preparations, to internal auditing to forensic accounting. But one thing everyone must know is that the CPA is different than an accountant. He earns a professional designation through a combination of experience, education and licensing while as any person knowing accounting functions even without having a degree can call himself an accountant.
CPA is an accountant but not all the accounts are CPA’s
Now it is the time to see what steps you need to follow for finding the best CPA:
- Identify your needs:
In order to select the right CPA, first of all, you should identify your needs. You are looking for a CPA to file your taxes or you want the services to manage payroll for your small business. Do you need the assistance of CPA in IRS audit or you want to ask questions about retirement?
- Establish Goals:
Now you know why you are hiring a CPA. In the next step, you need to establish goals. It means you must know what result you want to get by employing the services of a CPA. Well, the desired result is always to get money back from tax returns. Everyone tries to get as much money back as possible.
- Ask Friends or family:
Now, you are clear with what do you want from a CPA. It is the time when you should start looking for the bets CPA. Ask from your friends or family if they know some bets CPAs. Always remember that the personal recommendations from your family and friends are extremely valuable.
- Search by yourself:
If you get no recommendations from family or friends, then it is the time to do a little work by yourself. You have the internet to gather information about the best CPA in your city.
- Contact the final CPAs:
Contact all the CPAs you have shortlisted. It is always better to contact more than one CPA so that you could get the services of the best one. Ask everything you want to know about before finalizing the CPA to hire. Don’t forget to ask about their fee-consultation and pricing structure. Also, ask them about educational background and years of their experience as a CPA.