CPA Firm: When Should I Hire One?

If you’re a small business owner, and you had any financial literacy, you may have tried balancing the books and watching revenues and expenditures on your own. Now that you’ve grown your business, you have probably come to realize that hiring the right people to handle specific needs allows you the opportunity to cultivate more business and take things to the next level.  Whether you want outside help with financial business projections for your business or you need help with tax matters, a CPA Firm can help. Hall & Company, an Irvine CPA Firm, wants you to consider these questions:

CPA Firms: Who are they?

Certified Public Accountants (CPAs) are trusted advisers to individuals, businesses, financial institutions, nonprofit organizations, and government agencies. They help with a wide range of financial matters like tax preparation, tax planning, personal financial planning, and financial statement audit services. They can also offer you sound and objective information on developing effective accounting systems.

How Can a CPA Firm Help My Business?

Most people think of CPA firms solely as tax preparers. This is probably the biggest misconception. These are astute financial strategists familiar with successful business pathways with financial goals in mind.  Traditionally, business owners waited for success to hire a CPA firm, but more startups are bringing CPA Firms in on the ground floor to help chart out a roadmap to success.  This could be to look at operating costs, cash-flow concerns, or perhaps help determine the profitability of a new product line.  

How Do I Choose a CPA?

When looking for a CPA in Orange County consider these items:

  • Are they licensed?
  • What is the firm’s reputation?
  • Do they have experience with businesses like yours?
  • Can they share references?
  • Are they connected to professional organizations?
  • How are they continuing their education?

 

Perhaps the most important need as you’re screening CPA Firms in Orange County, is to make sure they can visualize your goals.  Do they see the same opportunities for financial success? If not, do they have sound reasons that make sense?  You want a CPA firm that does more than crunch numbers; they will be your advocate for smart business. 

If you would like to learn more about how we can help you and your business improve its accounting practices, reach out to our team. For more information on other accounting topics, check out our blog.

 

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