Finding The Right New York Cpa

By Author: Andrews Peter
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When you are in the market for a New York City accountant, it can be difficult to find one that is just the right fit.Accounting in New York is a crowded field and there are many New York CPAs to choose from.Some are huge firms with international presence,while others are solo practitioners who can help you with the essentials,but may not be able to meet your needs as your finances become more complex.In addition,some accountants in New York City specialize in individual tax planning and preparation,while others can help you with a wide range of services your business will need,including cash flow and cash management.

There are several questions you should ask yourself as you look at New York CPAs:

1. Do you need the CPA for personal, business or both?

2. If for personal,are you simply looking for tax planning and preparation,or do you need more advanced services,such as personal finance statement preparation or personal financial planning and counseling?

3. If for business,do you need corporate tax planning and preparation or partnership tax planning and preparation?

4. ...
... Does your business also need basic services,like bookkeeping or more sophisticated services,such as accounting systems design and implementation, business plans,insurance planning,or bank and alternative financing assistance?

5. Will you need help with audits,reviews and compilation of financial statements or with trust and estate planning and preparation or maybe even not-for-profit and private foundation services?

6. Are you facing issues that may require representation at tax examinations or offers in compromise?

Once you have considered each of these elements that could form a critical part of your new accounting relationship,you will need to think carefully about a couple of other things:

1. Why are you looking for someone new? Something could have gone wrong with your relationship,the work provided may have been unsatisfactory,you may have outgrown your last accountant or you may simply be new to looking for a New York City accountant.

2. What other advisors will your CPA need to interact with? You may need for your CPA to work closely with one or more attorneys, a banker,insurance/risk management professional or investment professional,among others.Maybe you want your CPA to be your primary financial advisor in New York.

3. How do you envision interacting with your New York CPA? Many people are content to work with a CPA only when tax filings are due.Others prefer a closer collaboration,sometimes even using their CPA as a virtual CFO.

The mix of expertise, services and personal style that goes into a successful CPA relationship can be difficult to achieve.When looking for an accountant in NYC,the problem is not that you have too few options,but that you have too many.It can take some time to locate the right New York CPA,but when you do, you will have a relationship that works for years to come.

Adelman Katz and Mond is a boutique CPA firm in midtown Manhattan with affiliates worldwide.We take the time to get to know our clients,and each of our seven partners brings a particular expertise-and a particular style-to the work we do.Our goal is to be our clients' most trusted business advisor.Visit us on the web at www.akmcpa.com

Adelman, Katz & Mond LLP is a Global Financial and Accounting Firm Specializing in Business,Tax, Risk Management,and Consulting Solutions. For more information on new york city accountant and New York Cpa Firm please visit our website.