Questions to Ask Your Accountant

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:

  • Tell me about your small business clients? Are the similar in size and industry? Any teenagers for client?

  • Could you share 2-3 names as referrals

  • How much do you charge?

  • How often an I billed?

  • What is included in your services?

  • What is NOT included?

  • How often will we meet? Where?

  • What do I need to bring to our meetings?

  • Why is bookkeeping important?

  • 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 to see if your accountant communicates well.

  • What is depreciation? Why can’t I deduct the cost of equipment I the year I purchased it? (you can and the accountant should explain something called a section 179 deduction)

  • What are the advantages of Limited Liability Incorporation? What does limited liability mean? When should I consider forming an LLC?

Carol Topp, CPA

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Running a business without losing your life

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