Hiring an accountant and tax services in Kearny, NJ for any business is hard, so hard that it has become a running gag among business owners. However, as a business owner, it is in your best interest to hire an accountant for your business. An accountant manages your finances and can either make or break the trajectory of your business.
While finding the best accountant is like looking for a needle in a haystack, a list of factors can help narrow your search. An accountant’s role is to better your business’s financial function. “Someone who solves a problem you didn’t even know you had in a way you don’t understand” as the joke goes, explains why an accountant is a good companion in your business. If you are looking for a CPA for your business, consider Nicholas J. Coco CPAs. They’re certified CPAs that offer tax and accounting services in Kearny, NJ.
The right accountant can help businesses not only with tax returns, but also with long-term tax planning, business planning, networking, and decision-making. To help you find the best accountant for your business, here are some tips you must consider:
Know Your Needs – When hiring an accountant, the first step is to understand your company’s needs. Identifying your need will also determine whether you need to work with an accountant or bookkeeper on staff or hire an accounting firm. However, if your company is rapidly expanding, it is best to delegate tax, accounting, and financial responsibilities to professional accounting services in Kearny, NJ.
Certification – “All CPAs are accountants, but not all accountants are CPAs.” Certified Public Accountants have undergone rigorous training and passed the dreaded CPA examination. Hiring a CPA is much more beneficial than using bookkeeping or accounting services. However, it is also best to check if they are working with a firm or as a one-man army.
Digging Deeper – What better way to look for an accountant than to ask colleagues or people in similar industries? Your trade association can be a good resource. However, doing your research by checking verified resources is also a safe move. Here are a few examples:
- American Institute of Certified Public Accountants
- Professional Association of Small Businesses Accounts (PASBA)
- Association of International Certified Professional Accountants (AICPA)
Interviews – You shall not make the ill mistake of hiring an accountant, especially because they will have access to your company’s books, records, and other propriety information once they begin working for you. Take the time to conduct interviews with the firms. Check to see if they have experience dealing with your industry, company size, and software.
Accountant Fees – Accountants typically charge an hourly rate or a per-service rate. However, experience, location, and the type of services provided can all influence an accountant’s fees. For example, some accountants charge a flat fee for a set number of services, while others may charge a commission based on the investments made. Knowing how much you can expect to pay for an accountant can help you budget accordingly.
Hiring an accountant is a big and crucial decision for your business. The long process shall reward you with peace of mind and assistance for long-term financial planning.
If you are seeking an accounting firm with culture and ethics, Nicholas J. Coco is ready to discuss accounting and tax services in Kearny, NJ with you. You can contact us at (201) 955-3100 or email firstname.lastname@example.org.