Running a small business in Brooklyn comes with inherent challenges. While founders and top management try their best to retain a hands-on approach to aspects concerning internal management, there are some aspects that must be outsourced. Accounting is one of them. If you are looking for an accountant in Brooklyn, NY, here are some key things to note.
- Make a potential list. You don’t merely need a bookkeeping expert but a Certified Public Accountant (CPA). Talk to people you know, including industry contacts and co-workers, for references. Now, once you have a list, check the Preparer Tax Identification Number of the shortlisted CPAs on the IRS website. You can also find online directories to shortlist a few potential names.
- Check the website of the chosen CPAs. Almost all accounting firms in NY have websites that share details of what they do for clients. Not every CPA works with small businesses, which is something worth noting. Check if they offer help with aspects like new business launch, tax planning & preparation, cash flow management, bookkeeping, and business expansion support.
- Make an appointment. You have found a handful of CPAs for your small business, and it’s time to reach out and get an appointment in person. If a firm says that they are too busy for the year, do not wait and contact the next one on your list. You need a firm that can take your business on priority.
- Ask the right questions. You have to ask a few questions when you meet the CPA for the first time, including:
- How long have you been working with small businesses?
- What experience do you have in our industry?
- What are your specialties?
- How do you bill for the work?
- Are you available for help and support after the tax season?
- Who would be in charge of answering our questions?
- Get an estimate. Many small businesses don’t need a CPA on their payroll, which is why outsourcing remains a good choice. You need to ask how much it would cost to use their services. Depending on the work, an accounting firm may charge an hourly fee or may even insist on a flat fee for a one-time job. A CPA may not be able to give an exact figure during the first meeting, but you can get a ballpark.
Don’t delay calling a CPA for your small business.