Posts Tagged ‘EA’

Hiring a Tax Person

Monday, June 29th, 2009
 

Admit it – there’s no escape. You can choose wisely to begin the process of doing your taxes. Another day of procrastination is not going to benefit you or ultimately change the outcome.  

 

1. What type of firm are they?  What staff is available to you?  Will there be a CPA, staff accountant, or support staff doing much of your work?  What expertise is available to you such as audits, tax advice, computer specialists, do they handle complicated issues such as multiple states’ tax returns, and do they offer payroll help?

 2. What experience do they have?  Do they have the skills you need in an accountant?  Give the accountant a brief overview of where you see your business going in the next 5 years and see what suggestions he or she would make to help you meet your business goals.

3. Do they have experience in the type of industry you are in?  Do they currently or have they recently worked with clients with similar businesses? Are they up-to-date on special regulations needed to be successful in your type of business?

4. Are they properly licensed? Different industries demand that accountants have special qualifications to be able to file necessary reports. Do they have or are they working on getting these credentials?

5. What computer software are they familiar with?  Are they using or do they have other clients using the same software you have in place?  Do they support that software or will they encourage you to change types of software?

6. How do they bill? This is a much different question than how much do they charge, you need to know if they bill a flat fee or do they bill by the hour.

7. Will they be coming to your business to work on your financials or do they expect you to bring everything to their office? Can you email files to them or fax information as needed?

8. How timely are they? Can you expect your quarterly reports in two weeks after the end of quarter or by the end of the next month? Will you be receiving monthly reports and how soon after month end can you expect them?

9. How technical savvy are they? Are they proficient on the computer, and the internet? Are their skills current or are they using old technology that is outdated?

10. Are they currently involved in any pending lawsuits? This can be tricky, but it can be important to know if they are being sued over an allegedly bad audit, improper audit procedures, or fraudulent practices.

To find out more information on how to relieve some of your burden with these 15 tips, click on:
http://articles.moneycentral.msn.com/Taxes/PreparationTips/DoItRightYour15pointTaxChecklist.aspx
 

We have resources to help you out with this unwanted task. We can help you find the perfect tax preparer for your needs. Contact us today.