April 18, 2024

Ask Questions Before Hiring an Accounting Firm

Before selecting a Florida accounting firm to prepare a business tax return, you should know seven things. Asking these crucial questions can help you complete your small business accounting and bookkeeping with the help of a Pembroke Pines accountant. These questions:

  1. Do you possess a preparer tax ID number?

A reputable CPA for small businesses must have a PTIN because the IRS requires tax preparers to have one. They should not pretend to submit the return if they are not legally allowed to. A CPS without one should be a red flag since they are not authorized to file your business tax return.

  1. Which services do you offer?

Certain services may or may not be included when selecting a Florida accounting and CPA firm. Know what is included before hiring someone to prepare your company’s corporate tax return. Some organizations offer bookkeeping, financial counseling, payroll, and virtual CFO services in addition to tax preparation. If you need any of the additional services, you may prefer to hire that firm over others that do not. The value increases with more services.

  1. Where are you located?

For a local small business, a local CPA firm is best. Start by searching Florida for “tax professionals near me.” Next, interview each company. Find out where they are and determine if it is convenient to meet. Local CPAs and public accounting businesses allow you to drop off or pick up your documents. Make sure the commute is not too far.

  1. How do you interact with clients?

Knowing what a certified public accountant for small businesses does is crucial since they charge a monthly fee. How do companies operate? Some prefer email or phone, while others prefer in-person meetings. Cloud-based software can make non-contact appointments almost as productive as in-person ones without stress.  Make sure your CPA matches your preferences.

  1. How much is included in the services?

It is crucial to understand fees when hiring a small business accountant. Do not assume anything is included or excluded. You will want all costs and services in writing.

  1. Is your firm licensed to practice public accounting in this state?

A CPA must be licensed in your state to represent you in tax preparation and audits lawfully. A firm’s license does not indicate it is in your state. Check if anyone else in the firm is licensed if the individual you are talking to is not. A person does not have to have been licensed to file business tax returns for a firm or individual, but they can not be held accountable if they are not.

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