If choosing a tax accountant for your business is one of the items on your to-do list, you probably already know that this is a significant decision. While the wrong accountant can create headaches for your business, the right professional can help your business save money and avoid issues with the IRS. Additionally, a truly talented tax accountant can play a pivotal role in understanding the current stage of your business and making informed decisions about what needs to be done next.
Since there are quite a few considerations involved in selecting the ideal business tax accountant, we’ve put together a list of questions for you to ask potential CPAs. By using this helpful list of questions, you can feel completely confident when the time comes to make your decision.
What types of clients do you work with?
While there are plenty of good tax accountants out in the world, the best fits for businesses are CPAs who have experience in that specific industry. By finding a tax professional who understands the industry in which your business operates, you’ll be able to put your business accounting in an ideal position.
Do you work all year long?
Although individuals generally only need CPAs during tax season, businesses require them throughout the entire year. That’s why it’s important to confirm that your tax accountant will be available during all 12 months of the year.
Have you interacted with the IRS?
Whether it’s a simple discrepancy or a full audit, there’s a good chance that your business will have to interact with the IRS at some point. Because you want to minimize the amount of stress that creates for you, selecting a tax accountant who has previously dealt with the IRS in a successful manner is a big plus.
Do you consider yourself conservative or aggressive as an accountant?
Since tax professionals can fall on both ends of the spectrum, it’s important to understand where a candidate sits so that you can ensure they’re the right fit with your own philosophy for doing business.
How do you charge for your services?
Since how much a CPA charges for their services will have an impact on your decision, it’s important to get this information during your first conversation. Although it’s generally never a good idea to go with the cheapest service provider, you do want to choose an accounting professional who you feel offers the right value for what they charge. In addition to getting an idea of how much their tax accounting services will cost you, asking this question will also let you know what’s expected of your business in terms of receiving invoices and paying for services.
If you’d like to ask these questions to a member of our CPA firm so you can get a feel for how we work, you can easily do so by contacting us and setting up a consultation.