You live or work in Mississauga and you feel you want to hire a CPA to complete your taxes. You search the internet and find that there are quite a few to choose from. You have probably also talked with family and friends as well as other small business owners to get suggestions.
How do you narrow the selection? What questions should you be asking? Here are some ideas.
Specialization
Like physicians, not all CPAs cover all areas of accounting services. Find a firm or person that works with the area you need help with. If you just need a tax preparer, there will be a lot to choose from. If you want someone to help you deal with other aspects of your business like consulting, financing preparation, as well as taxes, then keep looking until you find the right one.
License
Be sure your CPA has a valid license. There are databases available where you can search about a CPA's status, issue and expiration dates, and any disciplinary actions that may have occurred.
Also find out if they maintain memberships in any professional associations like Chartered Professional Accountants of Canada.
Experience
Probably one of the most important areas to learn about is the person or firm's experience. Be sure they have at least a few years filing taxes, or consulting with businesses, or dealing with other reporting requirements. As a small business owner you have a unique perspective. Be sure that your firm shares that viewpoint and understands the demands of a business owner and entrepreneur and how many years they have been working with small or medium sized businesses.
Also find out the full range of services they offer. If they handle taxes, will they represent you if there is some type of audit or need for clarification. Or, you may only be interested in tax preparation at this point in your business, but will they help if you become interested in a merger or acquisition or preparing documents for additional financing. Plan for the future.
Technology
Are they savvy about technology? Areas like cloud accounting will make your record keeping easier to maintain and transmit. Time is money and the easier it is for you to submit data, the better equipped you will be to devote time to running your business and your life.
Fees
There are a number of different fee structures like flat fees, hourly rates, or other arrangements. It will also depend on the amount of work you are asking them to perform.
Personality
Choose a company with whom you feel comfortable. You will be trusting this person with private information about your company, family and finances. In addition to being trustworthy, you should feel they understand your viewpoint and concerns.
At Capex CPAs you will find that we check all the boxes. Using cloud accounting for our small and medium sized businesses, we are able to provide the best service to our clients. We have the expertise and experience regarding taxes, financial reports and dealing with financial institutions. In Mississauga we should be your CPAs of choice. Feel free to make an appointment to meet our staff and discuss your needs and our rate options.
Contact your Accountants today click on this link —> https://capexcpa.com/contact
- The Capex Team