Finding the right Certified Public Accountant (CPA) to handle your financial matters is crucial. Whether you are an individual looking for tax preparation help or a business owner seeking a strategic financial advisor, a CPA can make a significant difference.
If you’re based in Norfolk, VA, or in the broader Hampton Roads area, you have several CPA firms to choose from, including us, Minton CPAs & Associates LLC. To help you in your search, we’re sharing ten key questions you should ask before hiring a CPA firm.
1. What services do you offer?
It’s important to know what services a CPA firm offers to see if they align with your needs. Whether you require personal tax preparation, bookkeeping, payroll services, or part-time CFO services, ensure the CPA firm offers the specific services you’re seeking. As a full-service CPA firm in Chesapeake VA, we provide a comprehensive range of services to cater to diverse needs.
2. What is your experience in my industry?
Understanding your industry-specific needs and regulations is a critical attribute for a CPA. Ensure to ask about their experience in your industry to gauge their understanding of the unique challenges and opportunities you face.
3. How do you stay updated with changes in tax laws and financial regulations?
Tax laws and financial regulations are continually changing. Your CPA needs to stay updated to offer accurate advice and ensure compliance. At Minton CPAs & Associates LLC, we make it a priority to enhance our mastery of the current tax law and new tax regulations.
4. How do you charge for your services?
Understanding the cost of services is crucial to avoid any surprises down the line. It’s not just about the amount but how the charges are structured – hourly, per service, or a flat fee.
5. How often will we communicate?
Regular communication with your CPA is essential to stay updated with your financial status and get timely advice. Ask about their communication frequency and methods.
6. Will you represent me in case of a tax audit?
While no one anticipates a tax audit, it’s essential to know your CPA will stand with you in such scenarios. Ensure to ask about their experience in dealing with tax audits and if they can represent you before tax authorities.
7. Who will be doing the work?
In some CPA firms, the work may be delegated to less experienced staff members. It’s important to know who will be handling your account and their qualifications.
8. Can you provide references?
A reputable CPA Norfolk VA firm should be able to provide references from clients in your industry or with similar financial needs. This will give you an idea of the quality of service they provide.
9. What makes your firm unique?
This question can help you gauge the CPA firm’s strengths and what sets them apart from others. This could be anything from their approach to client service, their breadth of services, or their specialized knowledge.
10. What is your approach to financial planning and tax strategy?
A proactive approach to financial planning and tax strategy can make a significant difference in your financial health. Ask about the firm’s approach to these areas to understand how they can assist you in reaching your financial goals.
By asking these questions, you can ensure that you are hiring a CPA firm that not only meets your needs but also aligns with your financial goals. As you embark on this process, consider us at Minton CPAs & Associates LLC, a trusted and respected CPA firms in Chesapeake VA. We’re here to answer these questions and any others you might have to help you make an informed decision.