This is the time of year when everyone starts thinking about changing accountants. Here's my list of what you should look for in your new or existing CPA. 1. Do they represent their client base well in front of the Internal Revenue Service. How would you know this? Ask about him about his experiences within the last twelve months. What were the issues and how were they resolved. 2. Can they tell you exactly how much money they save you every year? You should be able to ask him this. 3. Tax laws change every year. Is he asking you new questions about your return every year. An example of this is estate tax rules. Is he letting you know about estate rule changes. 4. Has his firm completed Peer Review yet? All firms are now required to submit to this evaluation. What were the findings? 5. Is he a one man show? No one is an expert in everything. A good firm has several accountants with different talents. The best tax accountant may not be who you want representing … [Read more...] about 5 ways to know you have the right CPA
Archives for September 2011
Smart Phones can help with Business Travel Record Keeping
I was talking with a client, an airline pilot, about travel expense record keeping. He uses a great system. Use your iPhone or Smart Phone to input expenses as they happen in your calendar. As soon as the check comes from dinner, he puts the amount and location. At the end of the month his costs are all in one place and its easy to have a clean record for his accountant. This is a simple way to get all the deductions you can while keeping the pain and suffering to a minimum. … [Read more...] about Smart Phones can help with Business Travel Record Keeping
