smb-tech-trendsAre you looking for accounting help for your small business? Maybe up to now you’ve been handling finances and taxes on your own with the help of specialized accounting software but it’s taking too much of your time. Maybe you need advice on how you can better manage your financial resources to take your business to the next level. And then there’s the issue of peace of mind. Having the help of an accountant gives you the confidence you are doing things appropriately – especially as they relate to Uncle Sam and your small business taxes.

An outside accountant will be able to help you with tax compliance and returns, preparation of financial statements – income statements, balance sheets and statement of cash – and also advise and consult you on growth opportunities and future financial needs.

Make the right choice

In addition to considering the range of assistance you need – bookkeeping, tax preparation, consulting – and can afford, be sure that the accountant you select has experience working with small businesses. You ideally want someone who knows your industry and its accounting practices. The National Federation of Independent Business (NFIB) offers the following additional advice about securing accountant services:

Industry involvement: You have greater assurance that accountants are staying on top of the latest accounting and tax changes when they are involved in professional associations, such as the American Institute of Certified CPAs (AICPA) or their state CPA societies. Many of these organizations require participation in continuing education.

Charts and diagramsRight fit: You will be working closely with whoever you choose, discussing your financial issues and business strategy. You want to have confidence in the individual and feel comfortable on a personal level

Available: Being responsive is essential in today’s fast moving business environment. Especially when the issue is of a financial nature, you want an accountant who will be available for a call – in the office or on a smartphone when out – and respond to an email when you have a question or an issue comes up.

Ask the right questions

To make sure the accountant you hire fulfills your needs, here are some questions to ask:

  • What kind of license and experience do you have?
  • Can you name clients you’ve worked with in my industry?
  • Do you keep up to date on technology, such as cloud-based professional accounting software?
  • What do you do to keep current on tax laws and regulations? Also what’s your experience working with the IRS?
  • How do you bill – what are your fees and are there any additional charges?
  • Will I always be working with you or will others be involved?

Tax season will soon be here, if you need help with your accounting now is definitely the time to get the accounting help you need.