take a careful look at your financial situation so you have a thorough understanding of your needs

The right accounting firm can be a valuable business partner, not just
another costly service for your personal use or your business. Some
criteria should be established if you or your business would like to be
as informed as possible when considering the selection of one.



An accountant can provide a particularly helpful relief to individuals
and small businesses who are spending too much of their valuable time on
their financial management and tax planning. The right accounting
provider can be a valuable partner in the smooth operation of any
business. However, with so many individuals and firms to choose from
even in low population areas, the selection process can be an
overwhelming one to take on. What follows are some important factors to
take into consideration when selecting an accountant.



Services Offered



Many individuals will simply need the basic services that an accountant
offers, such as help with retirement planning or tax preparation. Other
individuals may be dealing with more complicated issues like liens,
bankruptcy or divorce. Someone who is self-employed will likely need
advice on issues such as cash flow management or business valuation.
Before meeting with potential accountants, take a careful look at your
financial situation so you have a thorough understanding of your needs,
then prepare a list of questions you may have related to these needs.
This preparation will help you to maximize the time you spend with
potential accounting providers.



You’ll want to be open-minded when speaking with prospective providers �
you will never know when they might recommend a service that you did
not expect them to offer. It is not unusual for CPAs to continually
offer a wide range of services, or to specialize in niche areas in order
to better meet client needs. It is important to take an inventory of
the essential services that you may need, but also to remain open to
other services that are available to you that fall within your budget.



Size of Firm



It is usually wise to select a firm whose degree of business success
matches your own. If you are an individual or self-employed, then you
might feel more comfortable with an independent accountant or a small
office. Medium sized businesses might benefit from a firm that employs a
staff with a wider range of expertise and has in-depth knowledge of the
local market and laws associated. Regardless of the size of the
provider you are seeking, ask around to ensure that they are respected
both in their industry and in the local business community.



Finding a Partnership



Don’t rush your meetings with potential accountants. This is an
important time to get a feel for how the future relationship will be.
Ask yourself if you feel they are patient and attentive, and if they are
thoroughly answering your questions without talking down to you or
rushing the process. Are they offering practical solutions and
presenting a future-oriented outlook when discussing what they can do
for you?



Be attentive to whether they are prompt in returning your communication
and requests. Be sure to not ignore your gut feeling as to whether this
will be someone that you feel comfortable having manage your finances
and working with you for an extended period of time.