Finding the Right Fit: How to Choose a Proactive, Relentless Accounting Partner to Help Your Business Grow

August 08, 2023

accounting calculator on yellow background

When it comes to mastering your finances as an entrepreneur or business owner, finding a strong accounting partner is absolutely crucial. The right certified public accountant (CPA) can play a pivotal role in guiding you through complex financial matters, maximizing tax strategies and driving your business growth.

But with so many options, it is often difficult to know who truly has your best interest in mind. This comprehensive guide to handpicking an accounting partner will help empower you to conquer your financial goals with confidence.

Confirm Their Identification Number

Verifying the identification number of a CPA is a crucial step in assessing their credibility. This unique identifier, issued by the state board of accountancy, confirms their licensing and registration as a CPA. By cross-checking this information, you can eliminate fraudulent or unqualified accountants.

Follow these steps to verify a CPA’s identification number:

Identify the state where the CPA practices:

• Visit the official website of the state board of accountancy
• Use the license verification tool to search for the CPA by name or identification number
• Review the search results to confirm the CPA’s legitimacy

For more information and detailed instructions, you can visit the American Institute of CPAs (AICPA) website and the National Association of State Boards of Accountancy (NASBA) website. Additionally, each state board of accountancy provides specific online instructions for verification.

Assess Their Expertise

All CPAs are not created equal, as many possess specialized skills within distinct accounting domains. Whether you seek guidance on tax planning, auditing or financial advisory, it is imperative to inquire about the prospective candidate’s areas of expertise using these tips:

• Inquire about their specialization
• Review their track record of success
• Check for professional certifications (for example, a CPA with a Certified Tax Specialist (CTS) designation may be particularly well-suited for tax planning)

Aligning their specialized knowledge with your unique business needs guarantees you receive the most pertinent and customized advice to propel you toward your financial objectives..

Consider Their Industry-Specific Experience

Experience plays a vital role in the competence and reliability of an accounting partner. Inquire about the number of years the CPA has been in practice to gauge their level of expertise and familiarity with various accounting tasks. Additionally, find out if they have worked with clients in your industry.

An experienced CPA will have encountered a wide range of financial scenarios and honed their skills over time, and this exposure has equipped them to tackle your own complex accounting challenges more effectively.

During your evaluation process, consider asking the following questions:

• How many years have you been practicing as a CPA?
• Have you previously worked with clients in our industry or a similar industry?
• Can you provide examples or case studies that demonstrate your experience in handling accounting challenges specific to our industry?

Ask for References

Seeking referrals from other clients is another effective way to gain insight into a CPA’s reputation and the quality of their services. You can do your own online research or contact the CPA directly to request a list of references that will provide an unbiased, third-party glimpse at what you may gain from the partnership.

Pay attention to feedback regarding responsiveness, attention to detail and the overall satisfaction of the clients. A CPA who consistently receives positive reviews and referrals is more likely to be a reliable and proactive partner.

Consider the Costs

While cost should never be the sole determining factor, it is key to consider the fees different CPAs charge for their services. Request a breakdown of their pricing structure and evaluate whether the value they provide aligns with your budget and expectations.

Remember that quality and expertise often come at a premium — while the most inexpensive option may sound ideal to you now, investing in a reputable accounting partner can yield substantial long-term benefits.

Unlock Your Financial Potential with eeCPA

Choosing the right accounting partner is a crucial decision that can significantly impact your financial well-being and business growth. By following these steps, you can ensure that you find a proactive and relentless CPA who understands your unique needs and is committed to helping you achieve your financial goals.

Are you an unconventional entrepreneur seeking a reliable accounting ally? By teaming up with eeCPA, you can be confident that we will propel you towards your financial aspirations, guiding you every step of the way.