As a business owner, your relationship with your CPA or tax professional can be a game-changer. Yet, many entrepreneurs don’t realize that their CPA’s approach can either maximize their tax savings or leave money on the table.
In this post, we’ll explore the critical questions you need to ask to ensure your CPA is working for you—not just the IRS.
Why Your CPA’s Approach Matters
Taxes are often your biggest expense, but because federal and state income taxes don’t appear directly on financial statements, many business owners overlook them. A proactive CPA can help you reduce this liability with strategies tailored to your business goals.
Key Questions to Ask Your CPA
- What’s Your Approach to Tax Strategy? Look for a CPA who sees taxes as an opportunity for strategic planning, not just compliance.
- Do You Consider Yourself a Progressive Thinker? This question gauges their willingness to think outside the box. A CPA who is rigid in their methods might not be the right fit if your business needs creative solutions.
- How Do You Stay Updated on Tax Law Changes? Tax laws change frequently, and your CPA should be on top of these changes to maximize your savings.
Why This Matters
Your CPA should be a partner who empowers you with clarity and confidence. By asking these questions, you can determine whether they align with your business’s unique needs and goals.
The Takeaway
Choosing a CPA isn’t just about credentials—it’s about mindset and strategy. Ask the hard questions and don’t settle for someone who won’t advocate for your financial success.
Is Your CPA Saving You Money?
Use our FREE checklist to assess their performance, identify missed savings, and ensure you’re working with the right CPA.
To hear my most recent podcast on Spotify – click here!
To hear my most recent podcast on ApplePodCast– click here!
