2019, the start of a new year. Most people are gearing towards trying new things in their lives, but for some, it’s just another day at the office. Since 2019 also marks the start of a new tax year, business owners everywhere are all scrambling to look for accounting services in places like Kearny, NJ, and also in the surrounding areas of Northern and Central New Jersey. After all, there is a need for a financial expert in order for a business to flourish. But come to think about it, hiring an accountant is not that simple. Why? Handling finance is no ordinary task, and depending on how it is done, it will either make or break your business. With so much at stake, you need to make sure that you hire the right person for the job. With that said, here are some questions that you should consider when looking for the best possible tax accountant for your company this year:
What kind of clients does the tax accountant work with?
First and foremost, you need to look for a tax accountant who understands your type of business. It is a common misconception that all accountants can work for and handle the taxes of any company, which is not the case. While it is true that tax accountants are knowledgeable in the general aspects, there are different rules and conditions for each type of business. It would be better to hire a tax accountant who has experienced working for a company that provides the same type of services as you do.
What are the tax accountant’s qualifications?
Once you have determined if the tax accountant is knowledgeable in your field of work, the next step is to consider his qualifications. Aside from having relevant previous work experiences, it is recommended for you to hire a tax accountant who is either a state-licensed Certified Public Accountant (CPA) or a federally-licensed Enrolled Agent (EA). If you hired a professional who has either of these certifications, it means that he can provide representation whenever your company is audited by the Internal Revenue Service (IRS). Also, it would be an advantage on your part if the tax accountant has attended several seminars and specialized training to further his skills and knowledge.
Are you comfortable with the accountant?
It is already a given fact that in order for your business to run smoothly, you must be comfortable with your employees, especially towards someone who handles all of your company’s taxes. There’s no need for you to be friends with the tax accountant that you’re planning to hire, but you have to be confident that he can get the job done properly and efficiently. Think of your taxes as “the keys to your business kingdom”: Would you give it to someone whom you’re not comfortable with?
By considering these factors, you would have an easier time looking for the right tax accountant for your company this 2019. Of course, the ultimate goal is for you to look for a consummate professional who can contribute to the growth of your company, as well as take some of the workload off your shoulders, instead of someone who would only be a liability. By hiring a tax accountant who can properly handle your taxes and prepare all of your tax returns, you are steering your company in the right direction to have a fruitful and successful year.
Here at Nicholas J. Coco, CPA, we are all about helping our clients develop and improve their businesses to the fullest extent. We are committed in providing our clients with top-notch tax services in New Jersey. If you are in need of our services, feel free to give us a call or to send us an email. Don’t stress yourself out by handling all of those taxes by yourself. Let the professionals at Nicholas J. Coco, CPA deal with it while you sit back, relax, and enjoy the start of a prosperous year.