What It Means To Switch CPA Firms
Though there are many misconceptions about changing CPA firms for your financial services, the bottom line is that if you’re choosing a more valuable firm, the process should be smooth and simple.
How to Unify Dysfunctional Teams
Team unity is a fragile achievement; unity has many enemies. If you’re a part of a dysfunctional team or the leader of it, recognizing these common challenges is the first step toward solving problems together. The next step is taking action to avoid committing the same mistakes again.
4 Tips to Refinancing Multi-Family Properties
When you begin the process of refinancing your property, many banks will clamor for your mortgage – and claim to give you the best deal. Keep in mind that there are many options out there, and each bank will meet your business’s needs differently.
Choosing an Auditor – Factor 6: Fees
Auditors quote prices in many different ways. Knowing the advantages and disadvantages of the most common fee structures can help your organization save time and make a better decision according to your preferences.
Choosing an Auditor – Factor 5: Location
Whether you hire a local auditing firm or one that handles all your documents remotely, understanding the benefits and drawbacks to both will help you figure out which type you prefer.
Choosing an Auditor – Factor 4: Ethics
Not every auditor is the same. Each accounting firm has its own values, culture, and reputation that you should consider in addition to their quote. One of the most important things to check is whether your auditor has violated any ethical standards during their time as an accountant.
Choosing an Auditor – Factor 3: Reputation
Your organization needs a trustworthy, reputable auditor to tell your financial story. Find out how good your CPA firm’s reputation is by checking the score on their most recent peer review report.
How Not-for-Profits Can Avoid Losing Public Charity Status
If your non-profit organization has been receiving generous donations from a single donor, whether a corporation, family trust, or philanthropist, you may reach the tipping point between being a public charity and a private foundation.
Choosing an Auditor – Factor 2: Staffing
Do you work with a different auditor every year? Signs of high turnover rates like this may be a red flag that a CPA firm isn’t as stable and reliable as it should be. Your auditor should work to build a relationship with you and your organization year after year.
Choosing an Auditor – Factor 1: Service
Does your auditor serve you well? We think the most important quality a CPA firm should portray is commitment to quality service. The best service providers will prioritize your organization’s goals and work with you on a relational level to accomplish them.