
The relationship between a micro business owner and accountant is very important. As a new business owner, you have a lot to learn, so seek out an accountant with the heart of a teacher. Interview several accountants looking for someone that you understand. If you leave an interview more confused than you entered, keep looking. You should leave the meeting saying, “I learned a lot.”
Grill Your CPA
Ask an accountant these questions:
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Tell me about your small business clients? Are they similar in size and industry? Any teenagers for clients?
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Could you share 2-3 names as referrals?
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How much do you charge?
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How often am I billed?
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What is included in your services?
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What is NOT included?
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How often will we meet? Where?
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What do I need to bring to our meetings?
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Why is bookkeeping important?
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Explain the reports that I will receive from you.
Test Your CPA
A good accountant will explain difficult subjects in a clear, understandable way. Use a few test questions like these to see if your accountant communicates well.
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What is depreciation? Why can’t I deduct the cost of equipment in the year I purchased it? (You can, and the accountant should explain something called a section 179 deduction)
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What are the advantages of Limited Liability Incorporation? What does limited liability mean? When should I consider forming
an LLC?

Need more information for your micro business? Check out my book, Money and Taxes in a Micro Business, to clear the confusion!
Carol Topp, CPA
Teen jobs and Tax Issues
Highlights


Record keeping is extremely important to the success of every business. Small businesses that keep good records are more successful in the long run.



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