Do I need to hire an accountant on a permanent basis or just have one at tax time? Are my income and earnings enough to warrant such an investment? This is a question answered with a question. That question is “Why?” Exactly what do you need a full time accountant for, and what do you want them to do?
If you run a small business, whether in your home or an office, live outside the United States, on a part time basis, own rental real estate property or even invest heavily in the stock market, your answer could easily be yes.
If you need specialized advice on things such as filing back taxes, a pending IRS audit or even paying off tax debts. These things are definitely reasons to hire a full time accountant. Another reason someone may require the full time services of an accountant is their financial status. If you are a considerably wealthy person, you may require the services of an accountant. An accountant can help you understand the state and federal laws that apply to your particular financial situation as well as help maintain the bookkeeping accordingly.
If you feel that you require the services of an accountant choose wisely. Make sure they are certified. Make sure they specialize in the field you need. Call accounting offices in your local area, as well as asking your friends. There are also directories and web sites that offer customer service ratings which are based on customers experiences. Once you have narrowed your search down question their guarantees and exactly what you get based for the money you spend. Keep in mind that most Certified Public Accountants charge anywhere from 150.00 to 450.00 per hour. These prices, are based on complexity, association fees and if they are part of a firm or partnership. Do your homework and spend your money wisely.
