Small business owners in Shreveport often have to juggle a dozen different roles for their ventures. However, certain tasks are not worth risking, and financial affairs tops that list. Hiring a team on your payroll may be an expensive decision, and that’s where outsourcing the work to an accounting firm comes as an economical and practical alternative. If you are looking for options or are comparing local firms, here are some qualities to look for in a Shreveport accountant.
Expertise
First and foremost, you have to decide whether you need a bookkeeper, a CPA, or an accountant. CPAs understand everything about accounting and taxes and have passed the required exams. Before you compare options, check what kind of expertise a firm offers and the qualifications of the team members. An accounting service led by a CPA is always better than a bookkeeper. Bookkeepers will only keep track of your financial records, and nothing more.
Professional attitude
When you call an accounting firm, check whether they respond immediately. A firm that cares for prospective clients will be responsive and quick to schedule an appointment. They will make sure the first meeting is all about understanding the needs of the business and evaluating how they can help the prospect. There is no harm in evaluating services based on how they treat your business and whether they prioritize your requirements.
Comprehensive services
If the same accounting service can handle everything from accounting and bookkeeping to tax planning, preparation of financial reports, and handling tax filing, they are always better. There is no reason why small businesses should hire multiple firms to handle the financial work, which can otherwise lead to chaos and duplication. When a CPA offers all the solutions you need, it is better to stick to them.
Year-along support
There are so-called tax services that crop up during the peak season, only to go missing after March. You don’t want to rely on someone who is not available when you need them. A positive sign of a good accounting firm is its ability to offer year-along support and solutions. They should be accessible as and when you need them, and while additional assistance during the tax season is always welcome, your small business needs continuous insights and guidance.
Financial expertise beyond accounting
While basic accounting and tax services are critical and necessary, you don’t want to select a firm that cannot offer financial advice. Financial consulting is otherwise expensive, and if you choose to hire a business advisor separately, you may end up spending thousands of dollars additionally. Consider looking for a CPA who can work as your financial expert for all matters, such as lending, expansion, acquisitions, and mergers.
Experience in the sector
Industries are often subject to unique regulations and compliance norms. If an accounting firm has worked with other companies and small businesses in your niche, that is always an added advantage. That will ensure you have help when there are specific issues related to your business. Check their clientele and ask them questions that are relevant to your business.
Transparency and quality
A competent accounting service is one that maintains quality and transparency. While you still get to take the final call, the work of the accounting team and the CPA will ensure you have all the records, insights, and details at your disposal. Check how they intend to work and how they will communicate with your in-house team. Having a firm that cares for your needs while meeting industry practices is a great boon.
Find a local accounting firm in Shreveport today, and schedule an appointment to know more.
