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From time to time, bringing in someone who can help you with your taxes and provide you with financial advice is not a bad idea. While large corporations obviously employ accountants and tax attorneys, the small business owner and the self-employed may not have the resources to hire an in-house financial advice.
If you’re looking for an accountant, you can begin by getting recommendations from friends and business associates. You can also check for small accounting firms in the local area. Verify that they have CPAs on staff. The smaller firms will usually have more personal service and are likely to have greater familiarity with the concerns of the small business owner.
Your local state CPA society may be able to provide recommendations for certified CPAs in your area if you cannot locate one individually. Prepare a list of questions for your first meeting with the CPA. It’s important to make sure they have experience with small business and answer the questions you have in a way that instills confidence.
So as the New Year begins and you find yourself contemplating the usefulness of financial planning for the business year ahead, maybe now is the time to consult with a CPA.
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