Whether you’re a small business owner or part of a very large and complicated organization, all businesses could benefit from having a quality and trusted CPA or other financial advisor as a part of their team. However, finding this right person or people could be very challenging. Luckily, there are a few things you can do or be on the lookout for to ensure that you’re bringing the right financial partner onto your team. To show you how, here are three tips for hiring a quality CPA for your business.
The Right Accountant For Your Needs
According to William Perez, a contributor to The Balance, the type of accountant or financial advisor you’ll want to work with will depend on your accounting or financial needs. For example, you may want to work with an enrolled agent, a certified public accountant, or a tax attorney. The amount of financial help you need and the type of tasks you’re looking to have accomplished will help you make the decision for the right kind of accountant to work with. Knowing this can help you drastically narrow down your choices for the right candidate.
Help With All Your Financial Questions
Apart from doing the tasks you’d like financial assistance with, a good CPA or financial advisor can also help with coming up with answers to all your financial questions. In fact, Mary Ellen Biery, a contributor to Forbes.com, shares that a CPA who’s worth his salt will help you come up with solutions to problems you didn’t even know you had. For example, your account or CPA should be able to help you figure out your cash flow problems, get future business loans, deal with issues in payroll, and help plan for the financial future of your business. This can help take a lot of the financial pressure and responsibility off of your shoulders.
Matching Their Expertise With Your Business
Ensure that you hire the right accountant or CPA for your business. To do so, you want to try to match that person’s expertise with your particular business needs. To understand how to judge someone’s expertise, the staff of Inc.com suggests that you look at both their certifications and their previous industry experience. If someone has previously worked in the industry that you’re in, they may be more valuable to you. That is because of the knowledge they already have about your industry. Also, the more education and certifications they have, the more you can trust the knowledge they have on-hand.
If you’re considering hiring an accountant or CPA or other type of financial advisor, you have help now. Consider these tips to help you find the right person to fit the financial needs of your particular business.