Count on your Naperville CPA to handle the money side of your new venture. Are you an entrepreneur or are you the owner of an existing business that requires a new cerfified public accountant? Finding just the right one for your needs can be easier if you use a few tips in the process.
Who will handle your bookkeeping? Some companies like to keep their bookkeeping in-house by using a computer program like QuickBooks. Other businesses like to reduce the margin of error by assigning the accounting work to an outside service or to their new accountant. Either approach is useful, however before you choose your next certified public accountant, consider whether you want an accountant who also provides bookkeeping services. There are those that do and some that do not. The magical term for those that offer both services are called "comprehensive accounting firms".
Do you need someone who is verse in your industry? So many small businesses use a generalized accountant. If you are in an n industry with its share of unique tax laws or a special regulatory issue, you will probably be looking for an accountant who specializes in your field of work. As you can imagine, a specialist is probably more costly than one who is not. There are times that your accountant will be working with your competitors as well. A game is not played by any means and it is not a conflict of interest, but if you really need someone in the specialized field, just go for it and drop all reservations about it. A specialist will probably be able to offer suggestions about industry specific tax strategies and specific accounting solutions and refer you to a good bank for your business, law firms and even consulting firms.
What do you think your future needs will be for an accountant? All small business CPA offices will offer tax preparation and tax planning services for businesses and the owners. Most of the firms will also provide a consulting service to their clients in the area of accounting software. Your small business may need more services such as a reviewed, compiled and audited financial statement. Think ahead to what you may need a couple of years down the road. I mean a couple of years... do not start thinking you have to prepare for twenty years down the road. The accounting world may have changed significantly since then. Budget your needs, be upfront, plan a bit ahead and contact your Naperville CPA.
Who will handle your bookkeeping? Some companies like to keep their bookkeeping in-house by using a computer program like QuickBooks. Other businesses like to reduce the margin of error by assigning the accounting work to an outside service or to their new accountant. Either approach is useful, however before you choose your next certified public accountant, consider whether you want an accountant who also provides bookkeeping services. There are those that do and some that do not. The magical term for those that offer both services are called "comprehensive accounting firms".
Do you need someone who is verse in your industry? So many small businesses use a generalized accountant. If you are in an n industry with its share of unique tax laws or a special regulatory issue, you will probably be looking for an accountant who specializes in your field of work. As you can imagine, a specialist is probably more costly than one who is not. There are times that your accountant will be working with your competitors as well. A game is not played by any means and it is not a conflict of interest, but if you really need someone in the specialized field, just go for it and drop all reservations about it. A specialist will probably be able to offer suggestions about industry specific tax strategies and specific accounting solutions and refer you to a good bank for your business, law firms and even consulting firms.
What do you think your future needs will be for an accountant? All small business CPA offices will offer tax preparation and tax planning services for businesses and the owners. Most of the firms will also provide a consulting service to their clients in the area of accounting software. Your small business may need more services such as a reviewed, compiled and audited financial statement. Think ahead to what you may need a couple of years down the road. I mean a couple of years... do not start thinking you have to prepare for twenty years down the road. The accounting world may have changed significantly since then. Budget your needs, be upfront, plan a bit ahead and contact your Naperville CPA.
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