In the United States, there were 1,392,200 accountants and auditors as of 2020. Because it is such a big market across the country, you need to make sure you are careful when you choose CPA firms to work with.
Not all CPA firms offer the same services or provide the same quality of work.
Do you want to learn how to hire the best CPA firm? Keep reading this CPA firm guide to finding the best business to work with!
Consider Qualifications & Certifications
The first thing you need to consider before choosing a CPA firm to work with is the qualifications and certifications they have. Not every accountant is a CPA, also known as a Certified Public Accountant.
When you find someone that is a CPA, it shows you that they put in the extra work to be qualified to work for businesses like yours.
To make sure they have the right qualifications, you first need to learn more about the education they received. To be a CPA, you need to know complex financial concepts, the different tax codes, and more.
You also need to make sure your CPA is licensed to practice in your state. To do this, they will need to have reached a minimum number of education credits and they also need to take the Uniform CPA Exam.
If you need help finding the best tax experts, check out https://www.taxfyle.com/freelance-cpa-jobs to connect with local firms.
Ask About Their Areas of Expertise
Next, you need to learn more about the areas of expertise a CPA firm specializes in. There are typically four areas of expertise in general accounting. This includes business advisory services, accounting and record-keeping, tax advice, and auditing.
By finding a firm that specializes in the areas that you need, you will get the best services for your money.
Similarly, you need to ask your CPA firm about the services that they offer. Most firms offer tax services and auditing, but you may need other specialized services, like estate planning.
Larger CPA firms are more likely to offer all of these specialized services and will have also have more experience providing these services for other businesses.
Make Sure They Understand Your Needs
Something that you must do before hiring a CPA firm is to know your business needs so you can make sure that you hire a company that understands your needs.
To do this, you can come up with a list of services that you need for your business now and in the future. Then, you can make sure you only work with a firm that provides each of these services.
you also need to make sure your CPA understands your business. This way, you will both have clear expectations of the work you need to be done.
Another easy tip to help you find a high-quality CPA firm is asking other local business owners for referrals. This way, you can find a local company to work with that has satisfied customers.
You can also get referrals from other professional business partners. For example, your banker, attorney, or even another business colleague may have a company that they would recommend working with.
Ask for a Consultation
Next, you should ask several different CPA firms for a consultation. This will give you the opportunity to ask questions about their services, pricing, and more.
As part of your consultation, you need to ask your potential CPA firms about their accessibility to their clients. For example, some accountants will give you their personal phone number and will answer questions for you at any time of day.
However, others only are available during their business hours. Make sure you hire a company that is available whenever you need their accounting services.
Learn About Fees
Something else that you should ask about during your consultation with a CPA firm is how they charge their clients. The cost of CPA services and other fees will differ depending on what company you work with and how often you use their services.
For example, some accounting firms charge a few hundred dollars an hour. Others will work on a monthly retainer for a set price.
Ask your CPA firm about how much they charge for their services so you can determine whether or not they fit your budget. By getting several consultations, you can also get a range of quotes from several different CPA firms.
Lastly, you should understand that choosing the company that quotes the lowest price may not be the best answer. Typically, CPAs with higher fees are more experienced and may be able to get your projects done much faster.
Check Online Reviews
Finally, you need to check online reviews for each company that you are considering working with. This way, you can see whether or not past clients recommend working with this specific CPA firm.
Next, you can learn more about the reputation of a CPA firm by asking them for references for past clients. This way you can contact the past clients and ask them about their experiences working with this CPA firm.
By learning more about the way a CPA firm has treated clients in the past, you can potentially avoid working with a bad company.
Find the Best CPA Firms Near Me Today
When you need a CPA for your business, it is important that you carefully consider each of your options. By following each of these CPA firm tips, you can make sure you find a reliable and trustworthy firm to work with.
Do you want to learn more about CPA firms and how you can find the best one for your business? We can help!
Check out the other articles on our website to learn more about business, finances, and more.