A quality accounting firm in Orlando can be used for setting up your account systems and managing your finances. Such a firm can prepare reports for you which can help you in gauging your performance and can also guide you about a suitable timer period till which you should hold all your financial records. If you get rid of these documents before a certain number of years, you would be in trouble with the IRS, should they decide to audit your company.
An accountant is definitely a great asset that can help your business reach new heights, however until your chosen accounting firm in Orlando does not have the following characteristics, this would not be so.
Understand the essentials
An accountant must skills such a quick decision power, self confidence, and so on. However, other than these soft skills, he should also have adequate knowledge of accounting and should be specialized in dealing with clients that are similar to your firm.
Capable of performing multiple tasks
A business would progress with difficulty until it learns the power of multi tasking, and the same goes for your chosen accounting firm in Orlando. The representatives of the accounting firm must be capable of doing varying tasks and all of them at an above par level. Accounting has a lot to it such as bookkeeping, report preparation and taxes, and your chosen accountant must be apt in all the different aspects and perform them together.
Have work ethics
Loyalty is an important trait of every worker no matter whether he is an accountant or any other employee. For the accounting department, this is even more important because the employees would handle very sensitive details of your business. Until they are loyal to you, they might share this information with people whom it does not concern. This would put your business at risk and you may have to suffer a loss.
A large part of accounting work is related to taxes and refunds. The IRS changes policies every now and then and your accountant must be aware of the latest updates. If he is not, he probably would not be able to provide you with the maximum refund, and you may even end up patting unnecessary taxes.
The accountant should also have the latest knowledge in aspects other than taxes. This would ensure that you system is based on the latest technology and you are not missing out on anything valuable in the accounting world.
Manages time well
Work pressure is usually headed in an upward direction and an accountant has a lot to do. He should be able to manage his time well and get everything done, without taxing himself out.
Should be experienced
Your accountant should be experienced in the field and should have served the industry for at least five years or so. Moreover, whichever accounting firm you choose, 60% of its clients should be companies that are related to your business. This would ensure that your needs are catered to in a better way.
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.
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