How to Choose a CPA?
** HighPoints Blog Series **
CPA Choices – pt 2
A Certified Public Accountant (CPA) can provide support for entrepreneurs in many different areas. This includes business consultation, tax planning and preparation, payroll solutions and many more. With so many potential areas of expertise, how does one begin to determine the CPA that is right for them?
Don’t Be Afraid to Look Outside
One may begin their search by seeking a trusted adviser in the local area. While proximity is certainly a convenience, the advent of technology has afforded businesses and consumers alike the ability to seek the best possible talent from around the globe. Do not limit yourself by the confines of your city limits as the right person for you may lay just beyond those borders!
Nature of Business
The first factor to consider is the size and nature of your business. As your business grows, you will face the excitement of expanding as well as the inevitable associated challenges. During the early growth stages, employing an in house bookkeeper may be useful. They can help with navigating the accounting practices required to assess the financial health of your business. However, that is typically the extent of their expertise. An outsourced CPA cannot only prepare the financial statements but also dive into those figures and assist with the tough financial decisions hiding within those intimidating numbers.
Ultimately, the decision will likely come down to the needs of your particular business. Whether you need a payroll processor, your sales tax filings have become burdensome, or your monthly accounting requirements have surpassed your level of expertise, a prospective CPA should check all of your required boxes. A firm such as ours prides ourselves on being a one-stop shop for all your financial needs.
CPA Specialties
An additional benefit of assessing potential CPA candidates is being able to weigh the merits of their detailed specialties. Find a CPA as unique as you! For example a firm specializing in commercial real estate will be up to date on the latest legal changes. In addition they’ll be in a position to leverage that knowledge and expertise to yield the best possible result for you, the client. Furthermore, a CPA firm specializing in your particular industry will have the necessary experience to know if they will be a good fit and vice versa.
Choosing a CPA is an important decision for a growing business. This expert will, hopefully, be working with you hand-in-hand for the life of your business. The factors included in this piece will help guide you through this exciting next step for your business. We welcome the opportunity to work with you and hope you will keep us in mind as your search for a trusted advisor continues!
If you are interested in learning more about eeCPA and how we can benefit your business please contact us to see how we can help:
480.596.8299 | Kevin@eecpa.com | Facebook | Twitter.