Are you planning to outsource your accounting to free up your in-house team? This is great so you can focus on business activities that drive growth. Of course, you want to hire only the best. In this article, we will share some tips in finding the top accounting firm in Princeton, NJ. Plus, how to ensure the best fit for your specific business needs.
Most small business owners oversee all aspects of their business including finance. Often justifying that because of the size of their business, they don’t need to hire extra help. However, even if you do have a finance background, crunching numbers is not an efficient use of your time.
As a business leader, what you should be focusing on instead are the core business activities that directly impact your bottom line. To ensure that your finances are still on track and your taxes are paid accurately and on time while you grow your business, it’s wise to hire an accounting firm that you can trust.
However, many business leaders also struggle to find an accounting firm to hire due to the following reasons:
So, to unburden yourself or your in-house staff from these finance duties, you need to ensure you’re on the right track to hiring the best accounting firm.
Before anything else, the first thing you need to do is to identify the gaps you might have in the accounting side of your business. Do you need an expert who has industry-specific knowledge to help you with your finances? Do you simply need a professional who can sort out your messy books and keep you fully tax compliant all year round?
After determining the potential scope of your partnership with an accounting firm, decide on the type of accounting service you need. Do you need to outsource your entire accounting function or just the bookkeeping? Do you need a CPA who can offer high-value services and expert business advice?
Finally, you need to work out a budget that you can afford to spend on an accounting firm. This will help you decide what type of accounting service can fit into your budget. Thus, narrowing down your options as well.
As you go on your quest of finding the top accounting firms in Princeton NJ, here are some qualities that you should look for in an accounting firm:
While some businesses prefer a local accounting firm with an office in a convenient location near them, this is not necessary anymore. Modern firms such as Lear & Pannepacker take advantage of cloud-based accounting systems. This and other powerful business apps make collaboration easier. They also allow for 24/7 real-time access to data from anywhere. The best accounting firms also maintain active and constant communication through phone, email, or video conferencing apps.
Top accounting firms in Princeton NJ have qualified teams of CPAs, tax specialists, and bookkeepers. They know the ins and outs of what they do. These professionals received proper education, training, and certifications to be qualified to manage your finances.
The best accounting firm for you is one with relevant experience in delivering the services you need. So ask if they have experience working with a business of your size and operating in the same industry as yours.
Instead of getting an accountant who just helps you manage your finances. Choose a professional who is proactive about helping you save money. Top accounting firms have experts in cash flow who can help you achieve cash surplus for your business.
When looking for the best accounting firm for your small business, it is important to leverage your personal network for recommendations and do your own research.
Don’t limit yourself to the first one you see that seems like a good fit. Consider multiple candidates. Take the time to interview them before making a final decision. Remember, you’ll be entrusting them with your money. Thus, you want to ensure that they are reliable and trustworthy before signing a contract with them.
Lear & Pannepacker is one of the most reputable CPA accounting firms in Princeton, NJ. They offer a full suite of services including bookkeeping, accounting, tax, audit and assurance, virtual CFO, and business advisory. Our dedicated team of professionals with diverse areas of expertise can definitely meet your accounting needs. No matter how complex your situation is.
Get in touch with us today. Let’s discuss what we can do to help you with your specific business needs and goals!