Tips to Choose an Accountant in Orlando for Small Business

Accountants are often associated with tax preparation and compliance, but hiring a competent business accountant in Orlando can be one of the wisest decisions business owners can make. Accountants assist business owners in adopting strategies that can facilitate business growth. Small business owners and start-ups can make the most of accountants’ insight to grow their business.

With a number of accountants available in Orlando, choosing a reliable accountant can be difficult. Following tips might help small business owners in choosing a business accountant.

1. Survey

Conduct an online survey and make a list of reputed accountants in your state. You can also consult your friends, colleague or legal advisor for referrals. Make sure that selected candidates are enlisted in the Society of CPAs. Contrary to the normal perception, CPAs don’t only provide tax preparation services but they also manage financial aspects of small business.

2. Qualification

Make sure that the accountant is professionally qualified. There are a number of personal accountants who have diploma degree and offer tax preparation services. But business financial aspects include generation of financial statements, analyzing business plans etc. Therefore it is very important that the accountant has adequate knowledge and professional qualification.

3. License

It is very important that your accountant offers certified services. Every state has its own tax regulations and a licensed accountant knows about federal and state tax laws. For example, a licensed accountant in Orlando can guide you about filing tax in compliance with Florida tax laws.

4. Visit Website

In order to make sure that that accountant you are hiring is reputed, visit the official website. You can also gather information like type of services, fees structure etc.

5. Experience

An experienced accountant in Orlando can guide you about choosing the right business plan in accordance with the nature of your business. He/she can facilitate your business growth by identifying every possible investment opportunity.

6. Accounting Services

Determine the services you want to avail and make sure that the accountant provides all those services. Most of the business owners hire accountants for tax preparation and recording transactions, but you can also hire an accountant for financial counseling. With hands on experience, he/she can guide you about corporate strategies.

7. Availability

Accountants don’t provide 24/7 services, but they should be available at the time of need. Therefore it is very important to choose an accountant who is easy to access.

8. Fees

Conduct an online survey to learn about market rates. Although fees vary with the nature of business and types of services, it should be affordable.

9. Client Base

A business accountant with a large corporate clients’ base has commercial knowledge. Moreover, it also reflects that the accountant is authentic and provides reliable services.

10. Compatibility

Make sure that the accountant understands the nature of your business and his/her personality is compatible with yours.

Hiring a corporate accountant in Orlando can help your business grow and it will also provide you an opportunity to learn about financial aspects of your business.

10 Benefits of Hiring an Accountant in Orlando

An accountant does not only provide financial assistance to business owners, but he/she can also manage your personal account. People usually hire accountants for annual tax preparation, generation of financial statement and keeping a record of transactions.

Here is a look at some of the many benefits of hiring a professional accountant in Orlando.

1. Financial Counseling

You can count on a professional accountant for financial counseling. An accountant has adequate knowledge about finance; therefore he/she can assist you with planning disbursements. An accountant will also guide you about different strategies for improving cash flow. Moreover, an experienced accountant can help you with financial projections.

2. Strategic Approach

Consulting an accountant before making a corporate or personal investment can help you in adopting a strategic approach to optimize benefits. For example, an accountant can tell you the downsides of a venture and guide you about tactics through which you can overcome these shortcomings.

3. Appropriate Decision

Decision making is very important when it comes to improving the business production. With a reliable accountant, you can invest wisely and make appropriate decisions. Many people think that hiring an accountant in Orlando is only beneficial for business owners, which is not true. A CPA (Certified Public Accountant) can help you in managing your personal account and choosing the correct tax policy.

4. Corporate Management

Managing financial aspects, particularly when you own a business needs time, concentration and knowledge. You cannot dedicate your entire focus to business operations, even if you are able to multi-task. However, an accountant can help you improve enterprise management by taking care of all the financial matters.

5. Business Growth

Many business owners consider hiring an accountant in Orlando an additional expenditure, but it can increase business production. In order to expand business, it s important to plan business gains and returns in accordance with the changing dynamics of business, and a professional accountant can help in doing so.

6. Tax Advice

Accountants can also help you with annual tax preparation. Tax accountants offer two kinds of services; tax planning and agreement. Tax planning advice can help you in choosing a policy which can reduce the annual tax load, while tax agreement advice can help you in obeying the state tax laws.

7. Corporate Advice

With adequate knowledge of finance and experience, an accountant can help you choose a business plan which can enhance business production. You can seek professional advice on every corporate need from choosing an appropriate insurance policy to launch a venture.

8. Regular Auditing

A corporate accountant regularly audits business accounts which can help you in keeping a record of transactions and business expenditures.

9. Money Saving Schemes

Hiring an accountant is a long term investment. You can cut down your annual expenditures, as a competent accountant can guide you about choosing the right insurance and tax policy.

10. Time Management

Managing accounts is a time taking task, but an accountant can save your time by handling all the financial aspects.

Although there are a number of accountants available in Florida, the best way to hire an accountant in Orlando is to consult Society of CPAs.

If you need more information about our Orlando accounting and tax services, please contact us at 407-502-2400.  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, and Hunters Creek, 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 numbers, incorporations, and non profit 501c3 tax exempt status applications.