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Accounting

Accountant Miami or Scammers in Miami?

Accountant Miami or Scammers in Miami?

As an Accountant Miami I’m still stunned at the unethical and just plain incompetent work non CPA Firms in Miami provide. We have to bail more people out of trouble with the IRS due to incompetent bookkeeping services in Miami than the Coast Guard has to pluck people from sinking boats. So Accountant Miami style is buyer beware and unfortunately so many people do not know the difference between a bookkeeper, accountant or CPA. (Recent example: Client’s company owed her $1M and she needed to pull $500K. Instead of repaying the loan to herself tax free, her bookkeeper tells her she needs to run it through payroll. That generated a $178K tax liability which almost sank the business. All avoidable)

So the question I pose, do you need an Accountant Miami? At the very least the answer is YES. I highly recommend a Accountant Miami. A Accountant Miami or CPA is a licensed professional who has passed the uniform CPA exam and is bound by the laws of the State and the profession. A regular accountant probably graduated from college but did not take the CPA exam and is not bound by State laws. Bookkeepers usually only have on the job experience limited to paying your bills and creating invoices. Unfortunately, anyone in the State can hang a shingle and get into the business of Tax Preparation Miami style. When the IRS comes calling, they will turn their backs on you and tell you to find a Accountant Miami in Miami to help you fix their mess. There is nothing you can do, except sue them. Good luck with that.

As a small business owner you wear the hat of CEO, Marketing Director, Salesman, Decorator, Stock-person, Secretary, Security Guard, and more times than not, Parent. Throw an incompetent Accountant Miami (or worse a bookkeeper) in the mix and now overwhelmed is an understatement.

So many times this is the scenario I walk into when I meet a new client: Me, Ok. Tell me what you are currently doing to manage your accounting.” Client, “Well, not very much. I take in money and deposit it. I then pay the bills when they come in.” Me, “So basically, if you have money in the account, you are doing well, if not, then not so much.” Client, “Basically, yes.”

If you are in this situation you should not feel bad. If everyone was an Accountant Miami, I wouldn’t have a job. I tell new accounting and or college students all the time, you either love accounting or you hate it.” Very rarely is there anyone in between. For this reason, new business owners should truly seek out an accountant in Miami even at the start up of their company.

Client: “But will an Accountant Miami cost me a fortune? I need every penny I can spare”. Not necessarily I answer. Our Miami Accountants and CPA Firm in Miami charge on a monthly flat fee basis. No surprises on your monthly bill and we put it in writing. To run a successful, growing, and well-balanced business a business should have balanced and well managed books.

Now, when thinking about this you have 3 choices. (1) Do it yourself (2) Hire an accounting in-house (3) Outsource. If you decide to do this yourself, God Bless you because it is extremely time consuming.

Ok so I don’t want or know how to do it myself, so now what? ”

Now you have to decide if you need to hire an Accountant Miami who provides outsourced accounting services in Miami. Yes hire local! Be sure that if you want to hire a CPA Firm in Miami, it will not be costly if you know what you want and help CPA Firm in Miami by keeping good records.

Don’t settle for someone who can handle light bookkeeping because you will NOT be getting the information in a way that it best for you to do all you should. I advise Outsourcing. Not only because that is what I do, but so many times, it is in the best interest of small business owners. I don’t know about you, but when I started my first company, I did not have $40 to $50K to fork out to an accountant. Instead, outsourcing was the way to go. Cheaper, more experience, and no delays due to vacations, sick days, or turn-over.

 

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Business Trends

Accountant in Miami Avoids IT Meltdown

Just as many people rarely visit the doctor until they are sick or in pain, most Accountant in Miami have not made any major changes to its IT infrastructure — until one fateful day last tax season, when a system crash caused some lost data just as we were wrapping up tax season.

Too little, too late, some would say, but the Accountant in Miami VieraCPA managed to avoid major disaster weather-related problems through off-site hosting of its data and improved internal systems overall.

Accountant in Miami and its aging IT infrastructure, coupled with the real possibility of natural disasters due to its location in hurricane country, prompted the Accountant in Miami VieraCPA to begin a serious review on its current systems.

A WAKE-UP CALL

Prior to the incident in April 2012, the Accountant in Miami firm had decided that changes were needed to its systems, but with the firm and its clients still recovering from a recession, the investments were admittedly not made soon enough.

“What ultimately happened was we lost about 12 to 14 hours during the end of tax season, as well as some data,” explained Accountant in Miami VieraCPA. “We were backing up to tape before discs and the hardware went down. After that, we had a meeting and everyone decided we wanted a system as bullet-proof as you can make it. Everybody bought in, Accountant in Miami VieraCPA spearheaded and led it. When the recession hit, everyone decided to be more conservative, and at the time, it was basically if it wasn’t broke, don’t fix it. When this [incident] happened, times had gotten better and we were more confident in spending money, but we realized from this how vulnerable we really were.”

The IT department also realized that while some upgrades were being made at the time of the crash, prevention should have occurred sooner. Other issues also likely contributed, as Accountant in Miami recalled. “In 2008, we put in [storage area network] and virtual servers, and the consultant that did it for us recommended how we set it up and we expected at the time it would last three years before it would need more space. That was around when [the crash] hit,” he said. “We didn’t understand enough about how they were setting it up.”

Accountant in Miami agreed that while some investments were made to upgrade the system, there was limited understanding of what was really needed for the growth of the firm. “A year before things went down, we had discussed a way the system reserves space. We were looking at not only the space the data was taking up, but what VMware could do to replicate and reserve space,” she said. “We didn’t have the understanding of the space required to do all this, and when the time came to invest in more space, the firm decided to back off because it was fairly expensive and we were in a recession. Because there were no issues, we thought we could tackle it after tax season. Then the tape backup died and we didn’t have enough snapshots. I was doing manual backups until the early hours of the morning weeks before [the crash].”

The Accountant in Miami also now has document management, CRM and client portals in the cloud, but ultimately it would like all staff to be more mobile and able to work more virtually, with all necessary tools and files accessible from wherever they are.

 

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Accounting

Miami Accountants Miami Accounting

Miami Accountants aka Miami Accounting

Miami Accountants aka Miami Accounting is concerned with the provisions and use of accounting information to small business owners, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their accounting Miami small business control functions.

In contrast to other Miami Accountants information is:

  • Forward-looking for an Miami Accountants
  • Model to support decision making vs. just looking at historical after-the-fact financial statements
  • Designed and intended for use accounting small business to improve control functions.
  • Miami Accountants responds to the needs of small business, using management information systems

Miami Accountants firms are traditional vs. innovative

According to most Miami Accountants, accounting processes is mostly about the process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources. Miami Accountants also complies with the preparation of financial statements for non-management groups such as shareholders, creditors, regulatory agencies and tax authorities such as AHCA Medicare Cost Reports.

Miami Accountants recently updated its definition of its accounting practice as follows:  “Accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy.”

Our Miami Accountants extend best practices to the following three areas:

  • Our Miami Accountants are strategic partners in your organization.
  • Developing our accounting firms practices to assist in decision-making and managing the performance of the organization.
  • Risk Management contributing to frameworks and practices for identifying, measuring, managing and reporting risks to the achievement of the objectives of the organization.
 When hiring Miami Accountants, consider if you want traditional vs. innovative practices

Please call us for a free initial consultation.

 

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Accounting

How To Choose A Miami Accountant Or Miami Accounting Firm

 

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CPA Miami, Miami CPA,Accountant Miami,Miami Accountant

How To Choose A Miami Accountant Or Miami Accounting Firm

There are a number of individuals and businesses who use Miami Accountant year round. There are other individuals who only hire a Miami Accountant to help get all of their finances in order before their tax preparation.

Surprisingly, most business owners and individuals don’t carefully consider matching their needs to a Miami Accountant qualifications when making a selection. That’s because many of us who don’t have a strong accounting background view all accountants as being equal.

 

But the reality is that all Miami Accountant are not created equal….and the same goes for a CPA Firms as well.

An accountant, technically speaking, is a professional who takes care of the accounting needs of an individual or a business, including bookkeeping, tax preparation, financial advice, and more. Choosing an Miami Accountant is a highly individual process, as everyone has different needs.

This article explains how a Miami Accountant can help you conquer business finances and provide useful questions you should use to choose an Miami Accountant that best matches your needs and can help you prosper — and not somebody who just crunches the numbers.

Step by Step Questions When Choosing an Miami Accountant:

1. Determine what your specific needs are.

2.Get personal recommendations.

3.Speak personally with the accountant. After you have recommendations, speak with the accountant or accountants that interest you. Explain what you are looking for and ask any questions that you might have. Watch and listen for clear, direct answers and make sure you feel comfortable with the accountant. Feel free to ask about credentials and experience – most Miami Accountant will be happy to provide that information.

4.Determine how much it will cost. When it comes to Miami Accountant, cheapest is not necessarily best when it comes to accountants! On the other hand, you don’t want to be overcharged. Do a little comparative shopping to make sure that the fees seem to be within an acceptable range.

5. Consider your feelings. It may sound silly to involve feelings in a business or financial decision, but if you are working with someone, especially someone who will be working with your money, you want to feel secure and comfortable. If you are uncomfortable with the accountant for any reason, choose a different one.

6. Get a timeline. Make sure you talk to the prospective accountant about when you need things done. If you are on a tight deadline for tax season, make sure that he or she can meet that deadline. You need to make sure that the accountant you choose can give you the time that you need!

Does Your Accountants Proximity to Your Business Really Matter? Why Choose a Miami Accountant?

As the accountants’ relationship with clients often requires a continuous, ongoing exchange, it is important to choose an Miami Accountant that is easily accessible. However, due to recent technological advancements of communications, desktop sharing and remote access, accountants can more easily exchange information that previously required a physical presence that is no longer applicable.

 

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Business Trends

I Use QuickBooks – Do I also Need an Accountant?

I Use QuickBooks – Do I also Need an Accountant?

The traditional role of an accountant is changing. In previous years a small business would class a good accountant as one of the fundamental requirements when starting a business. Their support and guidance towards all matters connected with the set up and launch of a business was perceived as essential in order for a small business to be ultimately successful. The perceived importance of the role accountant’s play with small business has been increasingly bought into question as the internet has grown and developed. The advice that accountants used to charge for regarding company formation, company structure and VAT registration is now largely available for free on the internet. Furthermore, the rise in online accounting software has made it easier than ever for a small business to keep their company books in good shape. We wanted to explore why more and more small businesses are choosing to use online accounting software and how this has impacted the traditional role of the accountant.

Why are business owners using online accounting software?

  • Cost – When the accounting and bookkeeping world was inaccessible to owners of small business the large cost burden of having a professional accountant was seen as simply a core running cost of the business. The cost structures of accountants differ widely from per hour, fixed fees for defined work and some even charge by the minute for telephone calls. Whatever the cost structure having an accountant look after all of you small business financial affairs will be a significant burden to your cost and business profits. Basic software for accounting can be available from as little as $50 a month.
  •  Time Schedules – A piece of software can continue working 24 hours a day whereas an accountant has set schedules and opening times. As a small business you will very rarely be working to a 9-5 schedule and therefore having the rigid nature of accountant opening hours can be frustrating. Even more so if a deadline is required that requires an accountants help and you are charged overtime for an accountant working out of hours.
  • Ease of use – Software for accounting has become very user friendly with many products available that do not require the user to have any accounting knowledge at all. This allows tradesman and sole traders to be able to easily to control of their financial affairs.
  • Improved business Performance – There can be real business performance advantages of taking control of the company finances as opposed to outsourcing them.
  • Accountability – An obvious advantage of taking control of you financial affair is that there becomes greater accountability to deliver. Software for accounting allows small business owners to be much closer to the financial affairs than when they are outsourced.
  •  Collaboration – one of the risks out outsourcing all financial management to an accountant is that it stifles people from within the business talking and engaging about disciplined financial management. Taking control of financial affairs internally within the business increases engagement and collaboration across the business to improve the company’s financial performance.

If more businesses are using online accounting software is there a role for traditional accountant?

In short, yes, but in a different capacity to how they have traditionally been deployed. Accountants need to focus less on the bookkeeping and daily accounting of small businesses and focus more on the provision of advice that optimizes business performance. Subject Matter Experts (SME’s) are becoming well versed in the many advantages that exist within doing your own accounting via an easy to use, cost effective software package. That said, many small business owners still have a requirement to discuss future business optimization with a financial planning expert.

Software cannot possibly understand a business’s objectives and work with the owners to produce a strategy to optimize performance. Nor can a software package proactively restructure the company books to save tax as the company grows and develops. Once a small business is established they would benefit from advice from an ‘auditor’ regarding business structures, financial efficiency and tax planning. This annual audit ensures that the business is on the right track for sustainable growth and success.

Software allows small business to complete their day to day accounting enabling the owners to stay close to their financial affairs at a fraction of the price of an accountant. However, a good accountant can engage with the owner about optimizing the business to ensure that the right plan for growth exists. This type of engagement with an accountant can be done as a cost effective fixed fee arrangement which can be easily planned and budgeted for within the company accounts. The answer to whether a small business should have an accountant or accounting software is – they should have both but deployed for different purposes.

Good Practices for Choosing an Accountant

Here are some tips for avoiding common pitfalls and needless headaches in your search for a small business accountant:

  • Determine your needs

    There is no one-size-fits-all method for managing small business finances. Make sure that your accountant specializes in small businesses, and ideally has knowledge of your industry.  Beyond that, you will need to decide what level of support is appropriate and affordable for your business. Enrolled agents, certified public accountants, and tax attorneys bring different skills and charge different rates.

  • Just ask!

    Word of mouth is a good way to find good accountants. Talk to your family, friends, peers, even your attorney for recommendations. You can also inquire with institutions and organizations like the American Institute of Certified Public Accountants*, your state Board of Accountants, or a local Chamber of Commerce.

  • Interview your candidates
    Remember that you are hiring someone that will fulfill your business needs and requirements. Treat it like a job interview that you would give to any potential employee. Ask about:
  • Professional qualifications like their licenses and experience
  • Personnel who will actually do the work, and their response times
  • Fees and charges to make sure they are in line with your budget
  • Specialized services that you may want in the future – for example, audit support
  • Clientele (past and current) so you can gauge their expertise

 

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Business Trends

What a CPA in Miami Knew All Along

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Gustavo & Daivisi Viera

CPA in Miami Moving Toward “Value Pricing” Model

Value pricing, also known as fixed-fee billing, is attractive on some levels to both CPA in Miami and their clients: because they get their fee up front, normally at a premium above their time-based billing; and clients, because it provides them with certainty about the services they will receive and the fee they will be billed.

Our CPA in Miami Firm has known this all along and we put it in writing for everything we do.

“They don’t feel they’re being nickled and dimed to death every time they call with a question,” said CPA in Miami Gustavo A Viera, managing partner in a Miami Accounting Firm.

Yet most CPA in Miami are reluctant to actually go ahead and convert their practice into a value billing one. “A value-pricing agreement, tied in with an engagement letter, defines the engagement terms prior to starting work, and enhances client perception of the CPA in Miami value”, said Gustavo Viera”.

“Clients know exactly what we are providing and how much it will cost up front,” he said. Our CPA in Miami Firm knows exactly which services need to be done for the client—each line on the value-pricing agreement becomes a task to be completed on our Miami Accounting Firm’s practice management software.

As a CPA in Miami I switched to value pricing 20 years ago as I met each client individually to explain the new system. “Your biggest fear is they won’t like it and will go away”. “In actuality, our attrition rate was extremely low. the only ones who walked were those that weren’t paying us anyway.”

CPA in Miami are transitioning it piecemeal to stay within the most accountant’s comfort zone. Many CPA in Miami Firms just don’t feel easy about it and refuse to just  jump in and do it. As a  CPA in Miami for more than 25 years, I know it works, but very few CPA’s feel comfortable making the switch.

So I recommend the next time you’re looking for a new CPA in Miami ask yourself if you want to pay the accountant by the hour or a Fixed Fee? Migrating one step at a time is great for the Miami Accounting Firms, but not for clients.

 

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Business Trends

Ways to find a Good Tax Accountant

Ways to find a Good Tax Accountant

Letting an tax accountant take over your finances makes sense as their experience and knowledge can make your money go further. However, finding a good tax accountant can be tough as you are putting your finances and personal information into their hands, and trusting they will take care of you now, and in the future.

Tax Accountants can work for large businesses or for themselves, get yourself a good one and you should find they save you a lot of money in tax payments, as long as they know what they’re doing. They’ll also be able to assist with various other issues that are important and can’t really be ignored, such as tax, financial planning, business consulting, and more.

When searching for good tax accountants there are various ways you can narrow the field down.

First ask your friends and business associates if they have anyone they can recommend, if they have had the same person for years and are happy with their service then they might also work for you. Also look through the www.google.com  for businesses near you, or for convenience and speed, check online as most companies these days have a web presence and should list their areas of skills, expertise and professional services on their website.

Once you have a list of possibilities, contact them for further information and arrange an interview. Queries should be answered quickly and professionally, if they can’t do this then forget about them and move on. If the company is quite large then find out who will be assigned to you, it’s essential you get on well with your tax accountant as you need to tell them everything regarding your financial issues.

They also have to be aware of your life goals, this involves everything, from your business needs now and in the future to your personal goals and future plans. If your dream is to retire abroad then you need to let them know, being aware of your plans and hopes will mean they have a better understanding of you and can find ways to save you money and give advice based on this information. Someone who takes the time to get to know you will be more proficient at delivering a totally focused and customised service.

Always check out the tax accountant qualifications, they should have a recognised professional qualification, such as the American Institute of  Certified Public Accountants.

It’s advised you choose a firm that have been established for some years. If a company is new it can be more difficult to find out if they are reliable or ask for references. An advantage to choosing a bigger company is that you aren’t reliant on just 1 person, if there is a problem or that person has to be away for an extended period then your finances will still be dealt with.

You tax accountant should have some experience and knowledge in your area of work or interest. There are so many aspects, from self managed funds, investment advice, retirement planning, business management, strategic planning and so on, that it’s nearly impossible to find someone who is knowledgeable about everything. Everyone has different needs and it’s important you find someone who can assist you with yours.

For example, if you need a tax accountant to process your individual tax returns they should be able to ensure you get maximum tax benefits and explore other ways to save money. They are there to help you minimize your tax payments and advice you on other financial matters that will benefit you.

If the tax accountant you have chosen meets all your criteria, is agreeable, gives you advice and information in easy to understand terms, and is ready to answer all your questions, then you should consider signing up for their services.

Look for firms online that are committed to clients and can assist with business, tax and financial planning solutions. Whether you are an individual, a family business, or a small enterprise a good tax accountant can ensure you legally pay the lowest tax possible.

 

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Tax

10 Tax Tips for the Self-Employed

10 Tax Tips for the Self-Employed

As Self-Employed individual I know you’re in business for yourself so you can run your own show and being your own boss. You’re also following all the regulations required of a business owner, which means paying your own business income taxes. As an Accountant Miami I’m very aware that the self-employed have unique tax concerns.

1. Self-Employed Record Keeping

Larger companies hire Accountant Miami firms or in-house accountants to maintain records of all income and expenses. As a Self-Employed individual, it’s up to you to keep very good records, save all receipts, and be able to support your deductions.Fortunately, there’s help. Invest in a good accounting system like QuickBooks and get excellent QuickBooks Support Miami to help.

2. Self-Employed Home Office Deduction

“Whether you have a separate office facility or are using one room in your house, you can deduct the percentage of your home used exclusively for business purposes”, states Viera a Accountant Miami . This goes for utilities as well, such as your phone and Internet connections. If you have a phone line used exclusively for business, you can completely deduct those phone bills. Have your accountants review the list with you.

3. Business Expenses

How many times have you heard that accountants want their clients to keep all receipts? Save all of your receipts and maintain good records of business travel and other expenses, including office supplies, postage and shipping costs, dues, subscriptions, and anything else business related, such as computer equipment and software for your business and upgrades to your system.To keep business expenses organized, create a simple filing system for receipts, and try not to let a year go by before you do the filing. It also helps to note what each receipt is for states Viera a Accountant Miami.

4. Self-Employed Deduct Your Mileage

You have two options for how you take this deduction, Self-Employed choose the best option. The first is to total the mileage and add in the tolls and parking to calculate your deduction. Once you have your mileage total, multiply it by the IRS-approved rate for mileage deduction. The other method is to measure your business usage against your personal driving and deduct that portion of your auto-related expenses, including gas, repairs, and insurance, lease or loan payments, and depreciation.If your company’s office is at your house, you can deduct all business-related mileage from the time you leave your home until you return home. If your business is not home-based, start recording your mileage and expenses from your first business-related destination and continue to your last.

5. Self-Employed Retirement Plans

Consider setting up a Self-Employed qualified retirement plan (i.e., SEP-IRA) both for tax purposes and to save money for your retirement years. SEP-IRA are generic retirement plans that allow you to contribute and deduct up to 20 percent of Self-Employed income (25 percent of salary if you’re an employee of your own corporation) states Viera a Accountant Miami. They’re easy to set up with a bank, brokerage firm, or insurance company.You can also opt for a Keogh plan, which allows you to put away more into tax-deferred savings for your retirement. Keogh plans are the self-employed equivalent of corporate retirement programs. There are two types: profit-sharing plans and defined benefit pension plans. The plan must be established before year’s end for you to get a deduction for the current tax year.

6. Self-Employed Family Members

Employing family members can help you save on taxes. That’s because you’re allowed to deduct medical expenses for members of your family if you employ them legitimately and you own your business. In this case the Self-Employed have an advantage over other taxpayers, who can generally only deduct health care costs that exceed 10 percent of their taxable income. If your business is home-based, the IRS allows you to write off your nonreimbursed health costs and those of your immediate family.

7. Defer Income if Necessary

If you believe that you’re heading into a higher tax bracket, you are, as a Self-Employed person, permitted to defer your income by shifting your billing. Accountant Miami recommends keeping track of your income carefully throughout the year; you can save a substantial amount of money at tax time by making the appropriate changes to keep your income in a lower tax bracket.You should consider consulting with an accountant if you don’t fully understand the process.

8. Get Money Back from FICA

The bad news: Because you’re Self-Employed, you pay both the employer and employee portions of Social Security tax. The good news, from (believe it or not) the IRS is: “You can deduct half of your self-employment tax in figuring your adjusted gross income. This deduction only affects your income tax. It does not affect either your net earnings from self-employment or your self-employment tax.”Remember, you’re solely responsible for paying your income tax — set aside enough funds so that you aren’t caught short when tax time rolls around.

9. Increase Expenses if Necessary

Just as you can elect to defer income, if you see that your income is high, you can make some year-end (that is, on or before December 31) business purchases to increase your business tax deductions.This might be a good time to buy the business equipment and supplies you’ve been meaning to purchase anyway. You can never have enough pens. Be sure to save your receipts and note clearly how they’re business expenses

10. Ask for Advice

Get professional help with your taxes from Accountant Miami who are familiar with the ins and outs of self-employment, because your needs will differ from those of a company. You’re responsible for paying income tax on your earnings and will most likely need the help of an accountant.And again, don’t neglect your records. Because self-employed people can claim special tax reliefs and allowances, it’s important that you keep accurate and detailed records of all of your business transactions.

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Business Trends

Warning Signs it’s Time to Change Your Accountant

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CPA

Warning Signs it’s Time to Change Your Accountant

Are you considering firing your current Accountant in favor of a new one? If so, you’re probably not sure if you’re overreacting or if you have just cause. The following warning signs will help you decide if it is time for you to change accountants: Your accountant does not return your phone calls in a timely manner, if at all.The bottom line here is you have hired your accountant to work for you. If he/she is not returning your telephone calls, or waits until you’ve left several messages before calling you back, take this seriously. A few incidents here and there are not something to worry about, as your accountant likely has many other clients and may not be in the office for days at a time. However, if not returning phone calls are the normal state of affairs, you will want to set up an appointment to discuss your concerns.

Your accountant is never in the office.

This could mean he or she is very busy and out with other clients the majority of the time. It could also mean they do not take their business, or your business, very seriously. Regardless, if you have a difficult time connecting with your accountant, it may be time to look for someone who has more time in their schedule to see to your needs.

Your accountant never delivers your financial statements or income taxes or other forms to you on time.

This is not a good scenario! You have hired your accountant to be on top of the financial aspects of your business. If they are not able to get your forms to you on time, you need to first ask yourself if it is your fault. If you are late getting them the material they need, then it probably has little to do with them, but if they have everything they require from you with ample time – and are still consistently late, you will probably want to consider changing accountants.

Your accountant does not take the time to discuss your financial reports with you.

This is your business. You have the right to understand your financial reports, and if your accountant is unwilling to schedule the time to go over them with you, this is a warning sign you shouldn’t ignore. Think of it this way if you don’t understand your reports, then you can’t feel confident that the IRS is getting correct information. It is essential to your peace of mind, and to your business, that you understand all of your financial reports.

The staff member accountant assigned to your account does not seem competent.

If staff is unable to answer your questions, or if you seem to know more about the accounting aspects of your business than they do, you should request a different person to handle your accounts. If this is unable to be done, you may want to consider switching accountants.

You begin to receive a lot of IRS notices in the mail.

This is a serious warning sign. If the IRS is sending you repeated notices, then your business’s financial affairs are not being taken care of correctly. Too many of these notices, and your business will be red-flagged by the IRS, which could lead to years of issues every time a form is filed. Speak with your accountant and demand to know what the problem is. If you are unsatisfied with the answers, it is time to search for a new accountant.

Trust your instincts.

Often overlooked, but it shouldn’t be. If your instincts are telling you something isn’t right, pay attention.

With any of the above warning signs, it is always best to speak with your accountant about the issues at hand first. Sometimes, you may gain a clearer understanding and then feel more comfortable, but if you don’t, you need to move on. Changing accountants isn’t easy, but if it is the right decision, then it is absolutely what you must do.

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Tax

Hiring a Savvy Income Tax Preparation Professional Is a Must!

Hiring a Savvy Miami Income Tax Preparation Professional Is a Must!

Income Tax preparation in Miami Accountants Gustavo A Viera CPA know all the technological sophistication in our world will not compensate for taxpayers who do not know what they are doing. Income Tax preparation in Miami Accountants can guide you through a relatively simple tax return, but there are many instances where an experienced Income Tax preparation in Miami Accountant is a better choice

Income Tax Preparation – Is Your Situation is Complicated?

If you have anything more complicated than a 1040A, you can expect to spend many hours researching law and typing in information on your own. It is much easier to sit with a an experienced Income Tax Preparation CPA’s specializing in tax preparation for 20 minutes and let him do the work. Tax software is not reliable and it does not always catch mistakes. All the data needs to be entered on the forms in the right places. Furthermore, if you have employees, foreign income, rental property, or if you have lived in more than one country or state, you will benefit fromAccounting in Miami specializing in Income Tax preparation in Miami Accountants advice.

Income Tax Preparation CPA’s – You Don’t Know Much About Tax Law?

If you don’t know a lot about tax law, you should hire a professional Income Tax Preparation CPA’s specializing in income Tax preparation. Income Tax Preparation CPA’s have the knowledge and skill that’s required to prepare people’s taxes. They understand all the rules and they will make sure everything is filed properly. Each year, new laws are passed and they can affect your situation.

Income Tax Preparation CPA’s take continuing education courses and they stay up-to-date with the latest in the law.

If you own a business, you shouldn’t try to tackle a business return on your own. A Income Tax Preparation CPA’s who understands the law and your business will always do a better job. Besides, the expense of hiring a Income Tax preparation in Miami Accountant is a tax deduction, so it’s worth it.

You Need Tax Advice – Consult an Income Tax Preparation CPA’s

If you need advice, you will benefit from hiring a professional. For instance, a Income Tax Preparation CPA’s can help you decide what kind of IRA is right for you. He can help you decide if paying your mortgage loan off early makes sense for you. An income tax preparation professional can also help you decide if you need to adjust the amount of state and federal that is deducted from your paychecks. There’s nothing like a professional when it comes to getting great advice.

The Bottom Line

The bottom line is that most people need the help of Income Tax Preparation CPA’s. Hiring a professional will be money well spent, especially since the laws and rules are becoming more complex. If you hire a professional, you may end up saving money and avoid making some serious mistakes. You may also reduce the chance of facing a costly adjustment in the future. If you don’t have experiencing preparing, hiring a savvy Income Tax preparation in Miami Accountant is a must.

When searching for a specialist Income Tax Preparation CPA Miami residents should research all of their options in order to find a qualified professional. For more information, visit Tax preparation in Miami.