3 Questions to Ask Before Bringing on a CPA in 2020

Questions to Ask a CPA as You Prepare for 2020
 

2020 is just around the corner and with all the anticipation that comes with embracing the new year, there is also a fear in your mind that you will have to file your 2019 taxes. To many business owners, this may sound like a daunting job and they are sometimes not even sure what questions to ask a CPA to ensure that they meet all of their tax obligations properly.
 

A Certified Public Accountant (CPA) can offer multiple services and it is best to be aware of just what you need their services for. When you reach the meeting with a clear picture of what you need help with, there's a fair chance you'll be able to come away with a plan to satisfy your commitments in this tax season.

What Documents Do You Require From Me?

Your CPA can't support you unless you send them the information they need to get a clear picture of your business's financial position. A crucial element of financial planning is hiring a bookkeeping company, and keeping all spending receipts. The CPA may also recognize any different documentation you might need to file, depending on the industry you are in. Being able to carry all those documents in one visit to the CPA would save you time and money.
 

Have You Dealt With Clients With A Similar Business Like Mine?

When they have experience working with the same form of company as yours, you can ask the CPA whom you want to work with. That's because different accounting and taxation methodologies exist for different businesses. There is no one-size-fits solution to anything. And having a CPA which has relevant work experience is often beneficial.​

How Do You Bill Clients For Your Services?

Obviously you are not going to want to spend an unreasonable amount of money on a CPA for your tax returns. So it's always helpful to be upfront with them about the costs. Ask them if they paid clients for services provided during the first meeting. Many CPAs charge only a flat fee on tax returns while others tend to bill by the hour. When they charge a flat rate, seek more information on what is included in the deal, such as whether it requires one-on-one meetings and telephone assistance. Since charging a flat rate for a return you wouldn't want to be paid by the hour for extra meetings or even emails.

Do You Need Help Getting Ready For An Audit?

Are you terrified of you, your business or your non-profit getting audited by the IRS? Do you wake up in the middle of the night at the thought of hearing that knock on your door? Call Robert Arnon CPA today so you can get busy relaxing tomorrow! We also handle internal audits, of course.  We specialize in helping HOAs, non-profits, small and mid-sized businesses make sure their books are in order. So if you’re even a little concerned, now is the time to act. Contact us today!

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