Is hiring a private CPA still a viable option? I’m looking for some insights on whether it’s a good idea and if it’s worth the investment.
To give you a bit of background, I studied Business Accounting for three years but ultimately decided that I preferred building businesses to managing the financial records. That said, I’ve been handling my own taxes and finances since I was 17. I recognize I have a bit of a control issue, but I also understand that if I want to grow in my business pursuits, I need to find someone trustworthy who can collaborate with me.
My main question is: how do you find a CPA that you can genuinely trust? Also, is private Accounting still appealing to CPAs today? What do they typically look for in a position?
Thank you for any insights you can share!
One response
It sounds like you’re at an important crossroads in your entrepreneurial journey, and considering hiring a private CPA can definitely be a smart move. Here are some thoughts on your questions:
Is hiring a private CPA a good idea?
Yes, hiring a private CPA can be a great investment, particularly as your business grows. While you have a solid background in Accounting, a CPA can offer specialized expertise, especially regarding tax strategies, compliance, and financial planning that might be outside your current scope. This can free up your time to focus on building your business.
How to find someone you trust?
Referrals: Start by asking other business owners or professionals in your network for recommendations. Personal referrals can often lead to trustworthy candidates.
Interviews: Treat the process like hiring anyone else. Conduct interviews and ask about their experience with businesses similar to yours.
Reviews and Background Checks: Look into their reputation, check online reviews, and verify their credentials. Resources like state CPA boards can confirm their licensure.
Trial Period: If possible, consider starting with a short-term contract to gauge compatibility before committing fully.
Is private Accounting still appealing to CPAs?
Absolutely! Many CPAs find private Accounting rewarding. They can have a direct impact on a company’s success, and it often provides a more stable work environment compared to public accounting. A private CPA typically seeks:
– A collaborative working environment: They want to work with business owners who value their input and expertise.
– Growth potential: A company that is growing and evolving can be appealing since it offers CPAs the chance to implement new strategies and see measurable results.
– Work-life balance: Many CPAs appreciate the possibility of a better work-life balance that private accounting can offer compared to public accounting’s busy seasons.
Conclusion
Overall, hiring a private CPA could significantly benefit you and your business. It sounds like you’re ready to take that step, and with thorough research and communication, you can find someone who aligns with your vision and goals. Best of luck on your entrepreneurial journey!