Shopping for a good business accountant
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Dec 01, 2015  |  Vote 0    0

Shopping for a good business accountant

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Scarborough Mirror

Your business may benefit from the services of a Chartered Professional Accountant like Rajasri CPA in Toronto, but finding the right accountant involves a little research.

One of your first decisions will be whether to hire an accountant for the day-to-day operations, such as general account maintenance and payroll, or if your business requires a CPA only on a contract basis for tax preparation, preparing financial statements or possibly performing an analysis or offering advice. The size and type of business will influence the type of business accountant you need.

Rajasri CPA offers some straightforward tips for hiring a suitable accountant. If you require tax preparation and someone current with today's accounting requirements and software, make sure they are a CPA. CPAs possess the certified educational training, have business experience and go through continuing education.

You may also want to seek out an accountant who has expertise in your industry, such as working for non-profits, mechanics or contractors. Don't be afraid to ask them questions about what types of businesses they have worked for to determine if they will be a good fit for your company. How aggressive or conservative are they? What are their qualifications, and what role will they play in the event of an audit?

The size of your business and the complexity of your accounting will determine the need for hiring a small or large firm. Most small businesses will only require the services of a qualified CPA who regularly handles business accounting.

Take the time to find an accountant whom you can work well with and trust, as they will have access to sensitive information, such as all your company's books and records. Ask for referrals, and perform interviews and reference checks. Experienced CPAs will be happy to provide any of this information, and will also let you know if the scope of work is beyond their capabilities.

For more information about finding the right accountant for your small business, contact Rajasri CPA at 416-425-0088.

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