How to Find an Auditing Firm That’s Right for You

how to find an auditing firm The U.S. is home to over a million auditors and accountants; how do you begin weeding through them all to determine which auditing firm is right for you and your business? While it can seem like a rather challenging task, by following these steps you’ll increase the odds of being able to find an auditing firm and create a long lasting, successful relationship.

What are your needs?

Before starting your search, pinpoint the needs of your business so that you can first eliminate the firms you don’t want to work with. Do you need an auditing firm that provides specific types of services or can provide a comprehensive package? Do you have a particular budget that you need to work within? Is it important that the firm have industry experience? Consider your must have criteria as well as more flexible criteria to avoid eliminating a potentially highly qualified firm.

Once you have a clear list of wishes and needs, you can begin the diligent selection process.

Professional organization recommendations

If you want to find an auditing firm that will do the best job for your business, you don’t want to peruse the yellow pages. Auditing firms that advertising in your telephone book are probably either just starting out or may be having difficulty finding clients on their own due to a questionable reputation.

Instead, contact professional organizations like the American Institute of Public Accountants or the American Accounting Associations for a list of recommended auditing firms. Once you have a list, you can review their websites or call to find out the services they offer as well as typical fees.

Screening potential firms

Screening the firms you are interested in by thoroughly checking references from current and/or past customers is a must to find an auditing firm that has the potential for a long lasting relationship that will contribute to the success of your business.

Be sure to verify education and training levels as well as all of the certifications of each audit firm. Verify that all members of the firm have graduated from accredited four-year institutions and that the CPA exam has been passed.

Referral service

Using a referral service like GoodAccoutants.com may be your best bet as well as being the most cost-effective option to find an auditing firm that’s right for you as quickly as possible, and without the hassle and headaches.  With the ability to provide multiple quotes from a variety of audit firms with your privacy completely protected, GoodAccoutants.com can do all of this leg work for you – allowing you to do what you do best for your company.

How to Find the Right Tax Attorney

finding the right tax attorney for your business is crucial for success Tax attorneys are lawyers that specialize in the often complex and technical arena of tax law. Facing tax issues, whether personally or professionally, can be one of the most stressful events in anyone’s life, and choosing the right tax attorney will help make the journey a smoother, less-anxiety ridden trek. Choose the wrong one, and you might end up pulling your hair out as you scream and run for the hills.

Don’t go to the yellow pages

While your first thought may be to begin with the yellow pages, this may be the worst source of all. An attorney that needs to advertise may not be the best unless they just moved to the area, or are just starting out- and in that case you probably want someone with more experience anyway.

The best source is someone who has been in your particular situation and has a reputable tax attorney that did a good job for them. If that isn’t an option, you can also do some searching online to find candidates, but it will be important to weed out potential scammers or inept attorneys who could put you in an even worse situation than you’re already in.

Questions to ask

  • How long has the attorney been in business specifically solving IRS problems? The longer the better – and he/she should also have references from past clients who were satisfied with their work. A general lawyer or CPA may do tax law on the side, but without handling tax resolution every day, it would be impossible for them to know all of the tricks of the trade as well as the loopholes.
  • What is their success rate on tax cases? It’s important to compare cases that are similar to your particular tax situation. Ask specifically how much the tax attorney saved their clients.
  • If the attorney asks for all of the fees upfront, this is a clear sign that it’s time to walk away. Without any forthcoming payment, the attorney has no incentive to work hard at saving you money on your taxes.
  • Remember that when you’re dealing with the IRS, there are no guarantees. No self- respecting attorney should offer a guarantee in regard to resolving your tax situation.

Referral service

Your best option in finding the right tax attorney to help you or your business is to contact a reputable service such as GoodAccoutants.com with access to over 50,000 accounting firms and tax professionals who are dedicated to helping to reduce your tax liability. This is your best route at keeping more of your hard earned money without having to hand it all over to the IRS

Prepare for Tax Season: Find an Accountant

With tax season upon us, making sure that you have everything ready to be sent to the IRS can be nothing short of a headache.  Whether you are an individual looking to make the most of itemized deductions or the owner of a business, filling out tax forms beyond the traditional 1040 can get complicated very quickly.  The new year has brought a ton of changes to the tax laws, and navigating all of the loopholes and minute details by yourself can be tricky at best.  If tax season is more than you can or should handle alone, it might be time to find an accountant to do the hard work for you.

Making the Right Choice

If you own a business, it can be a bit tricky to find accountants who are well suited for the job.  Ideally, you will want to find a firm that has experience working with businesses similar to yours in size and nature.  The right experience means that you can feel confident that the firm you hire will be able to find all of the right deductions to help you pay only what is absolutely necessary in overall taxes.  You will find that the right team can work to review all of your statements and financial data to ensure that you are not paying more than needed.

Do I Need to Hire the Most Expensive Firm?

One thing that many business owners and individuals alike find themselves struggling with is whether or not it is necessary to choose the biggest or most expensive firm out there.  When you are trying to find an accountant, it is important to realize that size and cost are not the most important factors to consider.  Instead, look to the experience and reputation of the firms you are considering and determine which one will best fit your needs.

The Bottom Line

The most essential thing to consider when you are looking to find accountants is whether you are looking for long term or short term service.  Do you just want someone to take your paperwork and records and fill out your forms accurately, or do you want someone who can also provide tax or financial planning advice?  Do you want someone who can also provide auditing to help you reduce next year’s taxes?  Think about exactly what you hope to gain from your accountant, then work to find the individual or firm that best fits your needs.

Tax Preparation for 2012

Tax season is something that many of us have come to dread.  Even if you are expecting a big refund in 2012, the simple fact is that every deduction, every entry, and every number you enter matters greatly.  Nobody wants to face a potential audit, and even the best tax preparation software can miss important entries.  There is simply nothing that compares to having a tax expert review all of your paperwork and information, and hiring someone who is familiar with the intricacies of IRS tax law can help you prevent errors, minimize taxes owed, and maximize refunds.

Getting Tax Help Is Crucial

Unless you are working with a single W-2 and are taking the standard deduction, the simple fact is that you can benefit greatly from seeking assistance with tax filing.  Every year, taxpayers miss millions in deductions and credits that they were fully qualified for, and this can mean the difference between paying taxes and getting a refund of taxes already paid.  A qualified tax expert can ask the questions that software programs often miss, letting you know what you really qualify for and how to ensure that you are at the lowest possible risk of being audited.

Of course, choosing a tax preparation expert isn’t as simple as going to your local chain tax company.  In fact, many people find that they get much more benefit by working with a qualified independent accountant.  In order to serve as a qualified tax expert, an accountant must attend classes on the latest IRS tax laws, and choosing someone with experience in cases similar to yours can leave you feeling fully confident that your deductions and credits will be maximized.  Whether you are self-employed, own your own business, or simply have multiple income sources, a tax professional can make a huge difference for you.

Getting It All Done Properly

Filing your taxes can be a huge stress; especially if you are uncertain how new tax law changes affect you.  Choosing a tax filing professional to take over the job will certainly help to alleviate this stress, and knowing that all of the numbers on your forms are right can eliminate worry over audits, missed deductions, or overpayment.  It may be tempting to save money by using tax software, but the simple fact is that when you sit down with someone who takes the time to understand your home, business, and tax situations, your chances of reaping maximum benefit increase exponentially.