When it becomes time to locate an accountant for your business, here are some tips to factor into your decision process.
Accounting firms work with many small businesses and are trained to keep an eye on major costs and
share best practices with you, which can save you time and money. Even if your business is at the early stages of life, many savvy CPA firms will factor that into the price of their services recognizing that you will eventually grow into a larger firm.
In today’s world, accountants are much more than beancounters and income tax preparers. A good accountant can become your company’s trusted financial partner for life. A general accountant covers these areas of expertise:
• Accounting and record-keeping – Selection on what’s best for your type of business. Yes, there are all types of accounting software programs. Let them guide you on what’s best.
• Tax guidance and coaching – Rather than just tell you what you owe after the year is over, a savvy accountant will work with your throughout the year in a proactive manner providing you with strategies to lower your tax liability. Yes, proactive tax management can save you more than their annual fee.
• Business advisory – Modern accounting firms provide all kinds of consulting related services ranging from how to start up a new business, how to expand overseas, and sourcing product from overseas.
• Real world experience – In addition to being certified to practice, it’s great to hire an accountant who has real experience that is relevant to your business, part of the local community, and has a network of contacts to solve your problems quickly if you get into a bind.
At Morey and Associates, our work with small businesses throughout Orange County. We offer a free initial consultation to small business owners. Simply call 949-485-2011 and ask for Jerry.
Prior to opening Morey and Associates, Jerry was CFO for a manufacturing business in the healthcare industry and has provided Interim CFO Services as well. He is a Board Member for a local hospital and large medical provider. He has been a member of the California CPA Society for over twenty years.