When deciding to hire a Certified Public Accountant (CPA), it’s important to find one who understands your needs. Hiring a CPA can be beneficial, but working with a CPA that has experience and skills in the area you need them for can deliver an even greater impact.
So how can you choose the right CPA for your business? The following four steps will help you assess your needs and find a certified accountant that fits your business to support your success!
Evaluate Your Specific Needs
Before you begin your search for a CPA, figure out what you need in terms of financial services.
Are you looking for a professional to help you with your taxes? Do you need an accountant to help you make better decisions for your business? CPAs can specialize in a diverse range of areas, so understanding your needs is important.
Create a list of services you currently need and ones you might need in the future as your company grows. Identifying your specific needs will help you find the best fit when it comes to a CPA!
Look for Experience in Your Industry
The right CPA for your business should have some experience working with your industry. By hiring a CPA that has previous experience working with companies similar to yours, you can gain valuable insight and skills to help your organization.
Their experience could include familiarity with the accounting software you use or having assisted businesses like yours meet and plan for certain tax requirements. During the interview process, ask questions to learn more about their previous work.
You want an accountant that has the right qualifications, of course, but you shouldn’t overlook communication as a skill.
The right CPA should be able to work with and communicate with both you and your team. The best accountant for your business will be responsive and available year-round instead of becoming unresponsive at tax time.
By prioritizing communication and evaluating your CPAs communication skills during the hiring process, you can determine if this professional is going to be a good fit for your business and your team!
Ask About Financial Analysis Services
You should ideally hire a CPA who can provide unbiased insight into your business’s financial health, which includes financial analysis services. These services may include analyzing your financial statements and other crucial information to identify trends and potentially even detect fraud.
These services will help you make informed decisions about your business with relevant information from your CPA. Without financial analysis, you’ll be missing a vital service that’s very relevant to your business practices. So ask about their experience with financial analysis during the interview process when hiring a CPA.
Save Money with a CPA
When errors can have a financial impact on your business, hiring a professional can help. Even if you have some experience in accounting, a CPA can help you save money, invest wisely, and make smart business decisions for the future. Consider investing in the services of a CPA to support your business in the long run!