When Should you Hire an Accountant?

Are you considering hiring an accountant? Whether you’re managing a growing business or handling personal finances, there comes a point when doing it all yourself becomes impractical. 

So how do you determine if it’s time to hire a professional? Consider the following questions:

For Individuals

• Do you have multiple streams of income?
• Are you going through a major life change?
• Have you received a Tax Notice or been selected for an Audit?
• Are you uncertain about what credits or deductions you qualify for?

• Do you often owe taxes or get unexpected results when filing?

   

For Businesses

• Do you struggle to understand your financial reports or cash flow?
• Are you planning to expand, seek investors, or apply for financing?
• Have you received tax notices, payroll errors, or compliance questions?
• Do you need financial statements or forecasts for investors or lenders?
• Are you unsure how to pay yourself, manage owners’ draws, or handle partners’ equity?
• Are you working on a succession plan?
• Are you getting timely monthly reports from your bookkeeper?

If you answered “yes” to any of these questions we would love to chat with you! You can make an appointment to speak to a tax professional at any of our five locations.