Founded by a former IRS Agent

Founded by a former IRS Agent

How to Hire an Accountant / CPA for Your Business

May 13, 2015

How to Hire an Accountant / CPA for Your Business

Overview

For those that own their own businesses, there are some aspects of owning a business that are not glamorous. There are many areas that business owners dislike, but one of the most common is accounting and taxes. Hiring an accountant or CPA for a business is one of the most important components that any business owner can make. There are many advantages to having a CPA working with your business that can yield dividends down the road.

Advisory Services

One of the biggest benefits to working with a CPA is the advice they can give to business owners. Many CPA’s work with hundreds of businesses throughout the year and many have been in practice for decades. This means that these CPA’s have been through it all with different types of businesses, and have probably experienced a situation similar to the one your business is in currently. Having an extra set of eyes on your business can mean the difference in a good and bad decision that ultimately makes the difference in your profitability.

In addition, many business owners are great at what their product or service is about but may not be as good at the strategic thinking side of their business. At the end of the day, it is important to work on your business instead of just in your business. There are many ways in which a good CPA can help an entrepreneur start thinking more strategically and long term rather than just day to day. This will help to make the business more profitable over the long run as well.

Tax Advice and Audit Protection

Getting good tax advice is one of the best ways a business can protect itself from an audit. An audit is when the Internal Revenue Service decides to go through a person’s finances to make sure they are telling the truth. For a small or medium sized business, this can means hundreds of hours of work to get all of those forms together. When using a CPA for taxes, a business owner will have some extra protection against audits. If the IRS does come calling, a CPA will be able to battle the IRS on behalf of their clients. CPA’s generally have to deal with audits every year for their clients, and they will be much more well versed in dealing with the IRS.

Choosing a CPA

With all of that information in mind, it is important to have a list of criteria when choosing an accounting firm to work with. This will be one of the most important decisions that any business owner will make so it is important to get it right. Although it will vary by business, it is a good idea to work with an accounting firm that has conducted business in the same industry. In addition, make sure that the accounting firm offers the range of services that you desire. For example, if you want business consulting every quarter make sure the firm is open to that and currently does so with other clients. One great example is Vardan Pogosian, who worked for the IRS as a tax auditor for 9 years and has also been a CPA in California for 9 years.

Fees

Fees for accounting services vary by location and services offered. However, in general, fees are range from $100 – $300 depending on the need and complexity of the service. Treat these fees more as an investment than an expense as a good CPA will save both time and money in the long run for your business.

Pogosian & Company, CPA is a CPA firm in Glendale, CA. With over 9+ years of experience, former IRS agent Vardan Pogosian provides a 1 hour Free Consultation for businesses and individuals.

It’s time to schedule an appointment with Pogosian Nazaryan & Company.