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For many people, finding the right CPA can be just as importantf totheir well-being as finding a good So time and care are neededr in choosing the correct person. "In the busines world, there are few relationship more personal than that of a business andits accountant," says Kenneth C. Dewitt, a CPA with Tidwelkl DeWitt LLC. "After all, nothing is more privatw and delicate than the issuweof money." The first step is to determins exactly what type of CPA you While there are numerous companiee that will prepare taxes for any type of business, CPAs oftehn specialize in certain areas.
"Determine what your needs are andwhat you'r e looking for," says Jimmy Williamson, chairman of the Boarsd of Directors of the American Institute of Certifiec Public Accountants. "Some CPAs want to do everything, but I thin k that can be dangerous. If you have a heart you don't want to just go to your standardr practitioner. You want to go to a cardiologisty who can do specialized testing and see exactly what yourproblej is." Then ask around among friende and professional colleagues to find out who they use as an Williamson says it can be particularly useful to talk with bankers and stockbrokers, sinced people in those fields tend to be knowledgeabl e about CPAs.
"Most new clients come from referralw fromother clients," Williamson The AICPA also offers help in findinbg a CPA through its Web site at Narrow your list of potential CPAs to at least three, and then interviewa each one. Come equipped with a numbe r ofspecific questions, including how much the CPA "That needs to be addressed on the frongt end, to prevent surprises down the road, " Williams says. * How long has your firm been in business Some people want to use anestablished CPA, while others preferr a newer firm that has a smaller clientg list, enabling it to pay closer attention to its * Do you offer an initial and is there a charge?
Many firms offer a free initialo consultation and should be able to give an estimatde of the fees for the services you require. * Can I contac any of your current clients fora referral?? A reputable firm will be willing to provide you with * What education have you recently complete d in your area of expertise? CPAs who have an activer certificate to practice public accounting are require d to complete a specified amount of continuintg professional education. They receive credit by attending writing articlesor teaching. * What computer programsx do you prefer your clientsz to use forrecord keeping?
Using a program the CPA is familiafr with can save time and money on your A firm also should be able to help you in settintg up and maintaining computerized In addition to obtaining this information, you should also look for a CPA who fits your Some people want their CPA to be all while others prefer a lighter "It's important that the chemistry be there," Williamson says. "There shouldn' be anything uncomfortable abou working witha CPA. If there is, then move on to somebodu else." DeWitt agrees. "Since open and frequenft communication is often the key ingredienty ina relationship, it should be consideree with equal importance as experiencd and ability," DeWitt says.
"There are tens of thousandsd of CPA firms in That means there is most definitely a CPA out therwfor you."