Can you provide tax audit protection? In case of an audit, each reputable accounting firm will stand with their job and stand beside you if you face an IRS audit. You can judge the experience and confidence of a Chicago accounting company by simply asking what they will do in the case of an audit by the IRS.
Do you understand my industry? They will also be current on any regulations which might be specific to your industry.
Are you going to supply technical advice? This is important for your day-to-day operations. You want a local accounting firm that offers even more than advice on reducing your tax liability. You want an accounting or bookkeeping firm that is available and proactive year-round to answer questions and help reduce business costs on a regular basis.
During your first meeting, be sure that you inquire about each the services the local Illinois accountant provides and which services you may need now or in the future. Do you need general accounting and bookkeeping, corporate tax returns, personal tax returns, multiple nations tax returns, tax guidance, QuickBooks aid, payroll support, or each of the above? If they don t perform all of the accounting services that you require, can the Caribbean Chicago based accountant refer you to a different trustworthy firm?
But before you employ a downtown Chicago established accountant, ask some questions . After all, you may trust your company financial information for this firm.
Are you properly licensed? Since some industries require that accounting firms have specific qualifications to file certain reports, it's also important to inquire whether the Chicago accountant is appropriately licensed in your own industry.