Using References and Picking the Right Sized New York Accountants for a New Start-up Business
Starting a new business is incredibly difficult and comes fraught with uncertainty. A great deal of preparation and planning goes into a new business. Any new business owner is well aware that that the odds are obviously stacked against him. That is especially true in this poor economy, but that drive carries through. It is critical to closely plan every aspect of the business and that makes success seem highly likely. The problem is that even with a great deal of preparation and planning, one mistake can be extremely costly.
In the tri-state area, there are myriad options when a new business is looking for a good New York accountant. Many people gravitate towards the businesses that specialize in the extremely large corporate accounts assuming that guarantees competence. Others prefer to target the tiny operations that seem to offer the best value. Given those choices in evaluating New York accountants, there are no guaranteed harbingers of success for a small business. The problem is that decision is extremely important because a mistake in how the business’ finances are handled can be disastrous.
It’s extremely necessary to find a New York accountant that has valuable experience in working with the IRS on behalf of small start-ups. That specific experience can be difficult to find, but it’s critical for any start-up business to do so. The IRS has a continuing evolution of many multiple different divisions and codes and that can make finding someone that is fluent in all of them a necessity. Making the right decision there can pay for itself many times over in avoiding an audit and any ensuing penalties. Even if the IRS is successfully avoided, there are always financial issues that will challenge any first time business owner. Obviously, many New York accountants could sufficiently handle these issues, but finding the right one is quite challenging.
Any New York accountant will want their client to succeed, if for no other reason to keep the doors open. Obviously, if the client goes out of business, there is no revenue for the firm to receive. The problem is that new businesses are a lot of work and often have a lot of questions and some New York accountants are too busy and can’t take the time to hold their client’s hand and walk through issues they may have dealt with hundreds of times in the past. That makes many big New York accountants unsuitable for a new business. For that reason, experience alone isn’t a guarantee of a successful relationship between a New York accountant and their client. Of course, the contrary is also true and many small start-up New York accountants may have the drive, but not the expertise to handle all of the issues that arise. This is why references and finding a New York accountant with the right experience, rather than the right cost, is the most important factor.
