Wednesday, December 7, 2011

CPA and how to find one

Ask successful business owners for recommendations before you select a CPA.


Like and trust the CPA you choose as you’ll be meeting with them often for a long time.

Do your homework.

Find the best to prepare your taxes.

Set up initial consultations with the CPA finalists (during the off-season) and clearly indicate that this is only an initial consultation.

Prepare for the meeting with copies of all past returns and income projections for the current year.

Discuss your business and business problems with the CPA.

Identify characteristics that you find important.

Are you comfortable with the person?

Ask about rates.

The difference between a CPA, a bookkeeper, an enrolled agent and a tax attorney is in the education and licensing requirements of each.


Good Accounting = Tax Deductions = Lower Taxes

Questionnaire

Do you sell products?

Do you have employees in your business?

Are you interested in learning how to take deductions for your obsolete business equipment?

Do you, your spouse or your children plan on taking any courses?

Do you have a vehicle that you use in your business?

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