What Questions You Must Ask an Accountant Before Hiring?

The US government has helped small business owners in a great way by extending the tax season to 15th July 2020. Therefore, small business owners get some time to decide what to do. In this meantime, they can contact a small business accountant Los Angeles. However, before finalizing the accountant, you must ask some important questions. The answers will help him to understand who will be the right choice for your business. here are the questions you must ask before finalizing any accountant.

What type of clients you have handled before?

 It is important that the accountant must have prior experience in your field. A restaurant will have certain rules to follow for wages and tips, for instance, just as a construction business must deal with issues related to contract workers and a real estate development firm will have certain criteria about how income is reported. You need an accountant who has worked with other businesses like yours and knows the ins and outs of the industry.

Availability round the year

When you are looking for an accountant, you must ensure one thing that at the time of your need, you will get support from the accountant. Therefore, you must ask about the availability of the accountant throughout the year. It is possible that the accountant will meet you face to face or over a video call. But no matter the way of communication, the small business accountant Los Angeles must remain in contact with you.

What software knowledge do you have?

Several businesses are already using accounting software for their daily bookkeeping. You must make sure that your accountant must be familiar with how to use it. It will allow your accountant to thoroughly analyze your financial records and provide more valuable advice. Further, you must ask him about other software suggestions that can improve your existing setups.

How can the accountant help in tax matters?

The question becomes especially important if you missed filing a tax return for a while, have past tax issues outstanding, or if you owe a lot in back taxes. An accountant can prepare offers in compromise or who is willing to represent you before the IRS will be your best choice in these cases. However, accountants with a CPA degree can help you or represent you in front of the IRS. Therefore, make the selection carefully.

What is your fee?

The most important question is what is the fee. Several accountants have different ways to charge the fee. Several accountants are staying away from the traditional hourly billing model and adopting flat fees or value pricing instead. However, it ultimately helps your business to have a confirmed budget.

Final Words

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Created on Apr 9th 2020 04:56. Viewed 359 times.

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