HOW HIRING A CPA CAN HELP WHEN STARTING OR GROWING A BUSINESS

Certified public accountants can do a surprising number of things for a business. Whether you’re an entrepreneur hoping to get established or a long-time business owner looking to expand, a CPA can help you achieve your goals. Below, learn more about CPAs, and find out why you might want to hire one to help your business become more successful.

 

How CPAs Help New Businesses

If you’re in the first stages of starting a business, you’re probably wondering who you should hire to help you get established. Here are a few reasons you might want to work with a CPA right off the bat.

 

  • A CPA can evaluate your business idea to see if it might be profitable and worth pursuing.

  • CPAs can also help you choose a business structure and help draft your business plan.

  • You can get advice on the best type of accounting software to use for your bookkeeping.

  • CPAs can also help you choose the right business bank account and get it set up.

  • Unsure about hiring a CPA? Ando Accountants provides their clients with expert accounting, advice, and tax solutions, and they can also help register your new business.

 

How a CPA Can Benefit an Existing Business

If your business is already established, there’s still a lot a CPA can do to help you succeed. Here are a few things to consider.

 

  • If you’re facing financial difficulty, a CPA can help you decide whether to apply for loans, such as the SBA Express Bridge Loan or the Main Street Business Lending Program.

  • CPAs also prepare taxes and can help you comply with all of the tax regulations that apply to your business.

  • With a CPA, you may decrease your chances of getting audited, as a CPA can help you avoid making mistakes that catch the attention of the IRS.

  • An accountant can also help you decide whether it’s the right time to hire more employees from a financial perspective.

 

Tips for Hiring a Good CPA

Whether you’re a new or existing business, it’s important that you know what to look for when hiring a CPA. Here are some things to keep in mind.

 

  • An accountant isn’t necessarily a CPA. CPAs need to pass a licensing test in order to carry their title, so be sure you know the qualifications to look for.

  • If you want a CPA to prepare your taxes for you, make sure they have a Preparer Tax Identification Number (PTIN).

  • Aside from qualifications, look for personality traits and other qualities that indicate a CPA candidate will be a good fit for your business.

  • Make sure you ask the right questions before hiring a CPA.

 

A certified public accountant might not be the first person you think of when considering how to start or grow a business. However, CPAs can do a surprising number of things when it comes to starting, maintaining or growing a successful business.

 

For personalized quality CPA service, schedule a free consultation with Ando Accountants by calling 718-880-9668!

This article is written by Christopher Haymon

Office Address:

64 Metropolitan Oval, Suite 14

Bronx, NY 10462

Contact Information:

Email: andotax@usa.com

Phone: 718-880-9668

© 2020 by Ando Accountants.

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