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Questions to Ask Your CPA When Doing Taxes

FTAX Blog Pic Questions to Ask Your CPA When Doing TaxesHiring a CPA in St. Cloud, FL can certainly ease you burden and you don’t have to worry about dong your taxes, managing your finances and keeping track of deadlines. But if you have chosen a wrong CPA, you can get into trouble.

Whether you want a CPA for doing your taxes or managing your corporate accounts, you must meet the CPA in person before making your decision. Though you can find the basic information about the CPA on his/her official website, that information is not enough to decide whether you can trust the CPA with your finances or not.

You must meet the CPA in person and ask the following questions to evaluate his/her professional skills and competence.

1. Are You Easily Approachable and What’s the Best Way To Reach You?

Make sure that the CPA is easily approachable. Corporate CPAs are usually hired by business industries so they work as a regular employee. However, public CPAs usually don t offer 24/7 services, but the CPA you are hiring should be easily accessible. Ask for the contact details before hiring the CPA.

2. How Can You Help Me Survive The Tax Filing Season?

A reliable CPA is the one who motivates you to manage your accounts and finances from the beginning of the year. Of course you are hiring the CPA for this job, but a trusted CPA always motivates clients to improve their taxing and finance management skills.

3. Do You Offer Consulting Services?

The CPA must offer consulting services, which include evaluating financial and business strategies, spotting loopholes and suggesting ways to rectify them.

4. Can You Help Me Grow My Business?

One of the biggest advantages of hiring a trusted CPA is that you can count on him/her for your business growth. A professional CPA will guide you on spotting viable investment opportunities and saving in taxes.

5. Can You Help Me Manage My Cash Flow?

Projecting the cash flow properly is vital for developing a practical mission statement and achieving your business goals. But dealing with tedious cash flow projections is not easy and your CPA must be able to do it.

6. How Can I Know My Break-Even Point?

CPAs are pro at calculations and to determine your break-point, the CPA must be able to evaluate a number of financial aspects to evaluate whether it was a good tax year for you or a bad one.

7. How Can I Know The Overall Worth Of My Valuables and Business?

Your CPA can evaluate the worth of your assets and business by determining the cash flow, your overall income and expenses.

8. Can You Help Me Make Important Business Decisions?

If you are hiring the CPA to take care of your business, make sure he/she has experience of working with corporate clients. You can ask one of these clients about the quality of services the CPA offers.

9. Are There Any Considerations For My Business?

Every business has its own accounting issues and financial considerations. Your CA must be able to guide you about the ones that apply to your industry.

10. Can You Help Me Avoid Common Tax Preparation Mistakes?

Well, most CPAs will answer this question in the affirmative but to ensure that the CPA is really an expert, make sure he/she is affiliated with the IRS.

If you need more information about our St. Cloud, FL accounting and tax services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin number, incorporations, and non profit 501c3 tax exempt. (Freedomtax’s accounting and tax professionals are NOT CPA’s. CPA services provided by third party provider.)


 
 

Robert AcevedoQuestions to Ask Your CPA When Doing Taxes