How to Find a Small Business Accountant

An accountant is critical for any small business. Accountants help you organize and plan for taxes, comply with tax law, and ensure a business pays no more than the obligation requires. They also help employers decide if they should be doing accrual or tax-based accounting.

Below, we have laid out five steps on how to find a small business accountant that will suit your needs.

How to Find a Small Business Accountant:

1. Determine if you are capable of handling your own taxes, or whether you need a professional.

Complying with tax laws is a vital aspect of running a successful business. Besides assisting with everyday bookkeeping, accountants can save you money and help to minimize your tax liability.

In the U.S., small businesses that earn $200,000 or more per year are more likely to be audited by the IRS. However, an accountant will be able to guide you through this daunting process. Moreover, if you have more than 5 employees, an accountant can manage your payroll and ensure that you comply with tax rules and regulations.

2. Ask people in your industry for referrals.

Ask your family or friends, a business advisor, or other business owners if they can recommend any good accountants. If that doesn't pan out, you can always attend networking events at your local Small Business Development Center or contact the Chamber of Commerce.

3. Use trusted sources to find a certified accountant.

• CPAdirectory.com - The largest online database for Certified Public Accountants (CPAs) in the United States.
• The American Institute of Certified Public Accountants (AICPA) - A national professional organization of CPAs.
• The IRS Directory - Find a vetted list of tax return preparers, CPAs, and attorneys.
• Accountant-finder.com - Quickly find accountants and CPAs in your area.
• Accounting Firms - Select reputable accounting firms in your area and give them a call.
• Your Accounting Software - Many accounting software companies can connect you with independent accounting pros that are trained in using their software.
• Remote Job Sites - A large pool of accountants and CPAs work remotely.

4. Evaluate your prospective accountant, and make sure they have a CPA license.

Once you've selected a few accountants, you will need to vet them personally. A CPA is a highly important asset in any business, as they are able to analyze the bookkeeper's information and provide insight and advice on taxation, financial management, and the continual growth of the business.

Prepare a list of questions and schedule a time to meet each accountant in person or via a live video chat if they do not live in your state. Ask them about their credentials, experience, the services they offer, and their fees and pricing structure, as you'll want to hire someone within your budget.

You should also ask for a copy of their credentials and search for customer reviews on Yelp and social media. Finally, be sure to validate their credentials by contacting the professional organization they are associated with.

Good accountants are trustworthy, detail-oriented, highly organized, and effective communicators. Make sure that you feel comfortable with the person you're thinking of hiring, and that their personality and temperament do not clash with yours.