Accounting and Tax Services Discussed at Long Island Tax Professional SymposiumNovember 22, 2013
Accounting and Tax Services ExplainedDecember 10, 2013
Accounting and Tax Services
Choosing the Right Firm for Accounting and Tax Services
When evaluating a firm to assist with your accounting and tax services, individuals and corporations need to make sure that the firm has the breadth, skill sets, knowledge, and a down to earth way to communicate results. When making this decision that will impact your finances ask yourself; ask the firm, does the CPA firm understand:
- S Corps
- Partnerships, and
- Sole Proprietorships
and how to explain the differences among them?
One should look for a firm that can recommend a specific structure depending upon the goals of the shareholders/owner, a firm that has the experience to recommend solutions that help achieve your needs and goals. A firm who gets to know its clients will be able to recommend solutions more efficiently by identifying needs businesses might not even know they have. Find a firm that is willing to listen, talk, and explain accounting and tax information to clients so businesses are always kept in the loop with their finances.
Ask yourself: What accounting experience does the firm bring to the table? Ask if they can explain:
- Cash basis of accounting
- Modified accrual basis
- Full accrual basis of accounting
and how to structure your bookkeeping needs to provide the method that works best to solve your needs.
The right firm goes beyond providing accounting and tax services. Your firm also needs to provide solutions to help you integrate your business processes so you have a seamless solution for all your processing needs. From data collection through management reports, you want a firm who has the knowledge and experience recommending the right systems that provide exceptional accounting solutions.
Look for a firm that is not industry specific. Rather consider a firm whose knowledge crosses various industries, from the service industry, marketing organizations, retail, trade, and food services. The advantage of a generalist firm is knowledge gleaned from one industry can be used to provide solutions in other industries. It isn’t what you know but how you use that knowledge to analyze, design, and implement solutions that custom fit your needs.
EP Caine & Associates has been the go-to firm for accounting and tax services because of its CPAs’ extensive experience and their abilities to communicate that knowledge to their clients in easily understandable language. For example, Ed Caine, Managing Partner, has worked in both public and private accounting including a major non-profit and as CFO of a corporation. On staff are Certified QuickBooks ProAdvisors who offer unique insights into the needs and concerns of small business owners.
EP Caine & Associates offers accounting and tax services backed by a wide range of experience. Caine’s CPAs can act as personal consultants to their clients as they personally get to know them and their businesses allowing for specialized recommendations. To learn more about Caine’s accounting and tax services, contact the firm directly or visit them online at cainecpa.com. You may also fill out our contact form here.