Income Tax Rates

Attention all entrepreneurs! Are the bills piling up? Do you know if youre in the red or the black? Are there receipts scattered around your desk? If this sounds like you, then you need to get a good Cincinnati CPA . But, how do you go about finding one you can trust? Even in a place like Cincinnati, for example, just consult the yellow pages and under the heading of Cincinnati accountants you'll likely find a myriad of accountants with no way of knowing where to start. So, here's a handy guide to locating and choosing a good accountant.

Here's How:

1. Build a referral list: Find at least five accountants by contacting your financial planner, banker, insurance agent, and industry association. Ask other business owners about their accountants. Find out who they use and if they are happy with the services their accountant provides. If you don't get any worthy referrals in this manner, use the phone book and choose several accounting firms. During the initial call, ask for an accountant who specializes in small businesses. An accountant that usually handles larger companies will not give you the kind of attention and help you will need. Use this information to edit your list of prospective accountants.

2. Prepare your questions: Call the accountants you've selected and ask to discuss their services. Find out the size of the company, their experience in your industry and educational background. Ask them to send information on their billing policies and fees. Make sure your accountant has the appropriate qualifications"for example as a certified or chartered accountant. Its important that an accountant should be able to do more than prepare taxes. You need their advice and guidance in steering your business now and in the upcoming year. Use this first contact information to choose two or three accountants to interview in person.

3. Interview candidates: When you first meet a prospective accountant, you will know soon enough if you see eye-to-eye. It is important to develop a good relationship and know that your accounts are being handled by someone you can rely on. There's nothing like personal interaction for gauging how well you might work with another person. Besides assessing the accountant's knowledge, see how comfortable you are with them and how well the two of you communicate with each other. Find out if they will work directly on your account or if it is handled by an employee. Discuss any other additional services the accountant provides. Get a list of existing clients before signing up. Any respectable accounting firm should be happy to arrange this. You should contact at least three accountants in person and find out which one best meets your requirements.

4. Make your choice: Base your selection on the best answers to your questions and the fact that they offer additional services to provide as your business grows or meet upcoming challenges. Are they approachable and professional enough for you? For small businesses, the most successful accounting firms are also likely to be smaller in size. They will understand what it's like running a small operation and will have the resources and time you require to run your finances effectively. Make sure your accountant will keep in touch with your business"not just at year end.

Of all the advisers you are likely to encounter when operating your business, a first-rate accountant is perhaps the most indispensable one to have. After all, an accountant isn't just a tax preparer"they can help you build a blueprint for the future of your company. Having your accounts in order and being up-to-date with payments will allow you to concentrate on building the business.