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5 Factors to Consider When Looking for an Accounting Firm

If you’re a small or medium-size business owner, you know how important it is to work with the right people. From your employees, to your lawyers, to your accountant?each one has a crucial role to play in the success of your firm. However, when you’re just starting out, finding the right partners isn’t a decision you can take lightly. One wrong move can mean devastating things for your company.

Below are five crucial factors to take into consideration when you’re looking for an accounting firm that can offer great payroll services Miami FL.

1. Fees

Accounting firms charge in different ways. Some of them may charge a flat fee per service or task that they do, while others charge by the hour (or even the minute!) It’s definitely a smart move to first figure out which option works better for you. If you only need advice every now and then, the second option might work best. But if you’re going to continuously need their services, the first one might be the better choice. Then, ask your top candidates how much they charge and how they’ll charge you.

2. Specialties

What areas or services does the accounting firm specialize? Some, for example, may specialize in taxes. Other may specialize in certain industries such as farming or manufacturing. It might be a good idea to first look into whether they can handle your needs, and then check whether they’ve worked with businesses similar to yours in the past.

3. Level of Service

What kind of services can they provide your business? It’s definitely a good idea to work with a firm that can offer you the full range of services you need so that you don’t have to work with two or more accounting firms just to get your needs met. For example, if you need someone to help you with payroll, taxes, or auditing, make sure that the accounting firm will be able to provide such services.

4. Availability

Another important factor to check is the availability of the accounting firm. Can you easily get in touch with the firm when you have questions or do you need to schedule a meeting or consultation every single time? Do they offer assistance and advice through email or phone calls? These are important questions to ask before you make your choice. After all, you don’t want to deal with financial problems and not have anyone available to provide advice or assistance.

5. Experience

You should never forget to look into the accounting firm’s experience. More experienced firms are more likely to meet your needs and offer high-quality and reliable services. They’ve been in the industry for so long because they have clients who keep recommending their services to other people. If you’re thinking about working with a less established firm, you might want to rethink your choice. Remember, it’s your business and money that’s at stake here. You don’t want your time, effort, and resources to go to waste just because you’ve made the wrong hiring decision.

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