7 Things Smart People Do When Hiring an Accountant - PowerPoint PPT Presentation

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7 Things Smart People Do When Hiring an Accountant

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Whether on behalf of a business or your family, at some point you’ll have to wade into the murky waters of taxes, accounting, or investments. Unless you like to memorize tax code for fun, it’s probably a good idea to hire an expert. – PowerPoint PPT presentation

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Title: 7 Things Smart People Do When Hiring an Accountant


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7 Things Smart People Do When Hiring an Accountant
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  • Dealing with finances is inevitable.
  • Whether on behalf of a business or your family,
    at some point youll have to wade into the murky
    waters of taxes, accounting, or investments.
    Unless you like to memorize tax code for fun,
    its probably a good idea to hire an expert.
  • So where do you start?
  • Consider these seven tips when searching for that
    perfect accountant.

3
  • 1. Assess your needs.
  • In the accounting arena, options abound. In order
    to find the right fit, determine your needs
    before you start looking.
  • Do you simply want someone to file your taxes? Or
    are you looking for bookkeeping help for your
    business? Knowing your own parameters will
    automatically limit your search and make you more
    efficient as you research your options.

4
  • 2. Identify areas of expertise.
  • Once youve figured out your own needs, youll be
    able to determine which type of accountant is the
    right fit.
  • Accounting represents a range of accountant
    types and expertise. For example, graduating with
    an accounting degree, working as an accountant
    (non-CPA) at a firm, and earning the title of CPA
    are three very different things.
  • To that end, make sure that the accountant youre
    choosing excels in the specific area you need,
    such as tax preparation.

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  • And make sure that accountant is well qualified
    too. Believe it or not, you dont have to have
    any credentials to prepare tax returns.
  • Your best bet is a CPA (Certified Public
    Accountant). To earn that title, an accountant
    must pass the four-part CPA exam, along with
    additional education and experience requirements.
  • 3. Ask your friends.
  • Once you know generally what kind of accountant
    youre looking for, check in with your friends
    and colleagues.

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  • Before you start Googling for recommendations,
    reach out to people you know and trust who have
    had similar needs. Find out if they can recommend
    the right personor steer you away from the wrong
    one!
  • 4. Check references and reviews.
  • We live in a time of connection and transparency.
    Once youve identified several candidates, vet
    them thoroughly.

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  • Ask your potential accountants for references
    from past and current clients. Although you know
    theyll give you the most positive ones, its a
    good test to see if a firm has treated people
    well, been trustworthy, and been proactive in
    gathering references.
  • Also, check to see if they have any online
    reviews, but remember to take those with a grain
    of salt. Most people who leave reviews feel very
    strongly one way or the other.
  • The majority of past clients will remain silent.

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  • 5. Ask about availability.
  • Your needs will determine what kind of
    availability you need from a potential
    accountant.
  • Big accounting firms often provide more services,
    but can be less available, personable, and
    proactive.
  • Smaller firms or independent contractors
    typically offer more directed attention and
    timely communication.

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  • 6. Get a quote.
  • Accounting fees and service costs can vary
    significantly professional accountants charge
    anywhere from 125 to over 400 per hour.
  • As you match your needs with an accountant, be
    sure to ask about pricing early on in
    conversations.
  • Make sure that you are comfortable with the cost
    and that you dont get saddled paying for
    services that are beyond your scope of need.

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  • 7. Talk about tools.
  • Accountants employ various types of accounting
    tools and software depending on their personal
    preferences and area of expertise. Be sure to ask
    about what kinds your potential accountants use.
    This will give you a better sense of their
    processes.
  • Parting Thoughts
  • Choosing the right accountant can be intimidating
    decision. As you wade through these murky waters
    of financial expertise, wed be happy to help you
    find your way, even if that means referring you
    elsewhere.

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  • Culpepper CPA is a full-service tax, accounting,
    and business advisory firm. We view our clients
    as partners. By explaining options and bringing
    clarity to complex tax situations, we serve as
    advisors and enable you to make confident,
    tax-savvy decisions.
  • At Culpepper CPA, we recognize the value of
    longevity in relationships and constantly look
    for ways to serve our clients with more
    personalized service and better results.
  • Click here for more information about the
    Culpepper CPA team. Wed love to connect with you.

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  • Culpepper CPA in Knoxville is a full-service tax,
    accounting business advisory firm based in
    Knoxville. We help our clients to make confident,
    tax-savvy decisions. Our accountants in knoxville
    TN began their careers in the fast-paced culture
    of global and national firms. We now believe in
    personalized advice and custom accounting
    solutions. If you are looking for knoxville
    accountant or bookkeeping services or tax
    services or payroll services in Knoxville TN,
    contact us today.
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