How to Find a Good CPA: Checklist for Evaluating Your CPA

how to find a good cpa for small business

To find a CPA, you can go straight to the American Institute of Certified Public Accountants (AICPA). The AICPA has a directory of CPAs, accounting companies, and local accounting organizations. If you work with a CPA, you can be confident that your accountant has been pre-screened and is probably how to find an accountant for small business well-trained and experienced. Plus, they need to renew their certification periodically—so you can be sure that their knowledge is up-to-date and they can handle any responsibility. We get it—whether you’re a seasoned vet or just starting up, every small business owner wants to cut down on costs.

Consulting an accounting expert at the beginning of the year will help you find ways to reduce your tax burden with wise business purchases and activities that yield deductions. https://www.bookstime.com/ Home office deductions are something many small businesses miss out on. Even though employees can no longer deduct home office expenses[2], small business owners still can.

How to Find the Right CPA for Your Small Business

During the interview, ask questions that will reveal the CPA’s experience, approach to problem-solving, and ability to align with your small business’s goals. Don’t be afraid to dig deep, like an archaeologist searching for hidden treasure among the financial fossils. The first step in your quest is to explore different avenues for finding a CPA. Start by asking for recommendations from fellow business owners or colleagues. These trusted sources can offer valuable insight, like a secret map leading to the treasure chest of reputable CPAs.

  • So you’ve experienced some rapid growth and all this money is coming into your small business.
  • They’ll also provide invaluable insights, like a wise old owl swooping in to save the day.
  • A well-defined roadmap is like having a GPS guiding you through the accounting labyrinth.
  • Follow this 4 step checklist to find the best business accountant for you.
  • Consider your financial requirements, such as tax preparation, financial planning, and understanding your industry’s regulations.
  • To confirm that a CPA has an active license, you may contact the State Board of Accountancy where the individual obtained his or her license.

Before you sign up for just any business accountant, ask whether the candidate has any experience in your given industry. Many accountants specialize in certain industries, so if you run a very specific business with certain accounting needs, you’ll want an advisor who has experience in your industry. If your business is expanding quickly, this Citizens account—which offers 500 free check transactions per statement period—may give you a nice boost. Waive the monthly $25 fee by maintaining a $10,000 average daily balance or $35,000 monthly combined balance.