Whether you’re looking for an accountant to handle your small business or personal needs, finding the right accountant can be difficult. If you’ve had little to no experience with accounting, you may not know what professional qualities are beneficial. Here are three ways to help you select an accountant.
Full-Service Firm
One of the first features you should look for in an accountant is one who offers a variety of services. Accountants Long Island NY should be knowledgeable in a variety of financial areas including accounting, auditing, taxes, estate planning, financial statements, individual income taxes and more. When you’re researching various accounting firms, be sure to take note of their available services. It’s beneficial to find an accountant with whom you can trust for both your personal and business finances.
Experience
Experience in accounting transactions is another factor that should be highly considered. If you’re running a small business, you’ll benefit from working with accountants who can assist you in business projections, valuations and audits. If you’re looking for a personal accountant, it’s also helpful to hire someone who knows what tax deductions are available and how to help you get the best return possible.
Continuing Education
Did you know that continuing professional education is required for certified public accountants? Most people are unaware of this fact; however, if you’re looking to hire an accountant to help manage finances and taxes for your small business, it’s important that they’re educated about current requirements. Certified public accountants have to renew their license and are only able to do so by completing a certain number of hours. When you’re selecting an accountant, be sure to ask about their efforts to maintain their license.
Choosing an accountant should necessitate some research on your end. Look for a professional who works for a full-service firm, has years of experience and participates in continuing education.