Whether your business is growing or just getting off the ground, a skilled CPA can save you money and free up time you can spend on other projects. In addition to preparing your returns and developing a year-round tax strategy, a good accountant will provide regular updates on your company’s financial health and help plan your next moves. To get the financial help you need, be sure to ask the following questions before hiring a CPA.

5 Questions to Ask a CPA

1. Have You Worked With Clients in My Industry?

Every industry has unique challenges, and some may be subject to specific regulations and tax laws. Accountants who have extensive experience with your industry will be able to maximize your tax deductions and develop strategies for long-term success.

2. Will I Be Consistently Working With the Same Person?

At larger accounting firms, it’s not unusual for multiple people to service the same account. In some situations, this can create confusion and inefficiency. Whenever possible, it’s best to build a relationship with a single person who has the opportunity to develop an authentic understanding of your business.

3. Do You Provide Year-Round Service?

Many CPAs focus exclusively on tax return preparation and close up shop after tax season is over. Business owners need year-round services, so be sure the accountant you meet with will be available to prepare reports, offer advice, and resolve issues as they arise.

4. What Software Do You Use?

Modern accounting software is very powerful, providing even the smallest CPA firms with surprisingly advanced capabilities. To ensure you take advantage of these digital enhancements, ask the accountant you meet with to explain the features and benefits of their software.

5. What Is Your Philosophy on Deductions?

CPAs differ widely on their philosophy regarding deductions. More aggressive accountants may try to deduct every expense possible, which can lower your burden but may draw the attention of the IRS. To build the most successful relationship possible, look for an accountant whose approach matches your risk tolerance.

For over 38 years, Michael C Davis CPA CGMA has delivered comprehensive accounting services to business owners throughout the Akron and Cleveland areas. Based in Stow, OH, this office understands what it takes to make a business profitable and will provide the support you need to succeed. Visit the website for a closer look at their accounting services or call (330) 376-1099 to make an appointment today.