You have figured out that hiring a dedicated team of accounting professionals for your small business in Brooklyn isn’t a great idea. You are low on resources and need to save the available funds to operate your company, but at the same time, there is no way you can ignore accounting and tax planning. Instead of struggling to learn about better accounting practices, consider getting a CPA in Brooklyn, NY. In this post, we have pointers on choosing the right one.
Look for specific solutions
It is commonly assumed that CPAs and accounting firms work only for big businesses. However, not all offer services for SMBs either. When you decide to outsource your tax and accounting tasks, find a local service that’s based in Brooklyn and check if they offer specific solutions. What kind of work do they do for similar companies? Do they have experience with payroll and sales tax? These are some basic details worth checking.
Industry experience matters
The regulations and norms for the healthcare sector are likely to be vastly different from those of the tech industry. In other words, when you choose a CPA, make sure they have expertise in the niche and have worked with other companies in the same sector. This will ensure you have services from an expert accounting firm and their CPAs, who know the exact problems you are likely to encounter.
Discuss the pricing
Pricing is another factor to consider when it comes to comparing CPAs and small business accounting firms. Some charge by the hour, while others may work through the year and get a monthly fee. Either way, the service should be affordable in the long run. It makes no sense to change your CPA every year because you want someone who is engaged with your business and understands the complexities.
Go for that meeting
While virtual meetings have been the norm since the pandemic, you should consider meeting the prospective team in person. Be prepared for the meeting and make sure that you know what exactly you need. Ask questions about their work ethics, if they offer outsourced CFO services, and whether you can rely on them for core functions like strategic tax planning. The first meeting also allows you to evaluate and understand whether the firm or the CPA is the right fit for your small business.
It is never too late to use accounting & tax services!
