Hiring A New CPA? Ask These Questions First
If you are like many people, you dread tax season because the tax codes and rules are always changing and evolving. No matter how complicated your taxes are, you can always benefit from the expertise of a certified public accountant (CPA). If this is your first time hiring a CPA, chances are you don't know where to begin and how to find the right professional for you.
Here are a few questions you need to ask when you hire a new CPA before, during, or even after the tax season.
What Range of Services Do You Provide?
Inquire about the other services the CPA provides in addition to tax services. For example, if you operate a small business, bookkeeping services would be integral to the success of your organization. Small business owners would also benefit from financial reviews, financial audits, pricing, and budgeting.
Are You Available Outside of Tax Season?
Many CPAs primarily work during tax season, which is when their clients require their services the most. However, if you require additional help outside of filing your taxes, make sure that your CPA is available year-round. Once again, if you are a business owner looking for help with every financial facet of your business, you will want a CPA who is available all year long.
Can You Assist During a Tax Audit?
The odds of being audited by the Internal Revenue Service (IRS) is 1 in 220. The chances of being audited have dropped significantly during the last few years. However, it is still a possibility. If you do not have the proper receipts and documentation, the IRS will hit you with a stiff penalty.
Look for a CPA who will be available to help you through the audit. Your CPA should work with you to not only ensure you have everything necessary to prove your deductions to the IRS but also ensure that you do not have to go through an audit again in the future.
How Many Times a Year Would You Recommend Scheduling an Appointment?
Your financial needs will determine how often you need to schedule an appointment with your CPA. For example, if you are working with a CPA during tax season, you may only require a couple of appointments. However, if you are a business owner and require additional services, you may need to meet monthly with your CPA.
Finding an amazing CPA will help ensure your business affairs are in order and are able to receive the most tax deductions possible. Asking the right questions will help you find a CPA that will meet all your needs.
Contact a local CPA tax service to learn more.