Accounting is an integral part of any business. Accounting information is used by the management to chart future course of the business. That is why it is important that you hire the best firm to take care of your accounting task and activities. Here are 5 things you need to consider when hiring an accounting firm in Salt Lake City.
1. Fees and Charges
Accounting firms in Salt Lake City charge different fees for their services. The fee structure of these firms differs as well. Some firm charge a fix fee for each accounting activity, while others charge according to the number of hours spent performing the task. You must get clear about the fees charged by the accounting firm to ensure that the cost doesn’t go overboard.
2. Reviews and Testimonials
Another thing to consider before hiring an accounting firm in Salt Lake City is the reputation of the firm. You should ask past clients about the quality of service provided by the firm.
Also, make sure to check BBB (Better Business Bureau) rating of the firm. Ideally, you should choose an accounting firm with BBB rating of A+.
3. Right Certification
Having the right qualification, licenses, and certification is a must when selecting an accounting firm in Salt Lake City. CPA (Certified Public Accountants) accounting professionals are the best when it comes to providing high quality services.
CPAs are certified to provide additional services to clients other than accounting such as representation of the client in IRS Audits. They have met state licensing requirements and have passed professional exams relating to accounts and auditing.
4. Additional Help and Assistance
When searching for an accounting firm in Salt Lake City you must make sure that they provide value beyond compliance with accounting and tax. A great accounting firm offer valuable tips and advice that could save thousands of dollars for your firm. Look for accounting firms that are willing to offer you with expert tax advice, legal counsel, and other accounting related help to ensure full compliance with local and state laws.
5. Know about the level of Service
Finally, you must find out about the level of service provided by the accounting firm. A full service accounting firm handles all the accounting tasks and activities. Other firms perform specific accounting tasks and functions. You must enquire about the level of service provided by the accounting firm. This will make it easier for you to compare different accounting firms.
On an ending note, the effectiveness of financial decisions you make depends on the accuracy of accounting information. So, make sure you select an experienced accounting firm that prepares quality financial statements in a timely manner.
