When hiring a CPA there are at least five things to consider, and I tell this all to everyone looking to hire one. I came across an article which talks about these five things.
Step 1: Get a referral. Ask your friends, family and colleagues whether they can recommend a tax preparer. If you are new to an area, check with your state’s CPA society, which should be able to help you find a CPA in your area, the Accreditation Council’s Web site for an accredited tax adviser or preparer, or the National Association of Enrolled Agents’ Find an Enrolled Agent tool.
Then narrow your list of recommended tax preparers down to two or three candidates, who you will then call or visit for an interview.
Step 2: Interview candidates. If you’re trying to hire a new tax preparer in the midst of tax season, you might have a hard time finding someone who can sit down with you in his or her office for a long interview, warns Michael Eisenberg, CPA/PFS and founder of Eisenberg Financial Advisors in Los Angeles. However, most tax preparers should have time for a phone interview of 20 to 30 minutes. If they aren’t willing to give you a few minutes on the phone — or want to charge you for the initial interview — then look elsewhere. “You want somebody who is willing to listen to you, hear what you’re saying and answer your questions in plain English,” Eisenberg says.
And here are some key questions to ask:
How long have you been in practice? You want someone who has been preparing returns long enough (i.e. several years) to anticipate problems or IRS challenges.
What are your credentials? Anyone can hang out a sign claiming to be a tax preparer because there are no licensing requirements. So look for an enrolled agent, accredited tax adviser (ATA), accredited tax preparer (ATP), certified public accountant (CPA) or CPA/PFS. Only a CPA can have the PFS, personal financial specialist, designation. Check your state’s licensing board and professional associations (see step 1) to assure that he or she is licensed, is a member in good standing and has had no disciplinary action taken against him or her.
Do you have any specialties? This is important to ask if you have a specific need. For example, if you have a small business, you need someone who knows business accounting. Or if you have rental property, look for someone who has experience handling this sort of tax situation.
How much will you charge? Eisenberg says you probably won’t get an exact number, but a tax preparer should be able to provide you with an estimate. Find out if he or she charges an hourly rate or flat fee and whether that fee will cover everything or will there be add-ons for planning meetings and calls throughout the year.
Do you have room for a new client? Or, more importantly, will you file my return in a timely manner? And will you have time to meet with me throughout the year?”
To read more please go to: http://www.kiplinger.com/article/taxes/T056-C000-S001-five-steps-to-hiring-a-tax-pro.html