Choosing Accounting Services For Specialised Industries

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Choosing Accounting Services For Specialised
Industries
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• Specialised industries or individuals, such as
  attorneys, dentists, physicians and medical
  practice owners, restaurants and rental and real
  estate owners and realtors - to name but a few -
  typically require a unique set of services and
  specific knowledge to help them with their
  accounting needs.
• There are many accountancy firms in existence
  today with years of experience in dealing with
  those working in specific industries, and they
  will have in depth knowledge of the many and
  varied accountancy needs that each industry
  requires, but how do you know which one you
  should choose? Here are several factors you may
  wish to take into consideration when making your
  choice

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• What certifications do they have
• A certified public accountant (CPA) will have met
  the requirements necessary for state
  certification and has an undergraduate degree.
  They will have passed exams, have some relevant
  business experience and are required to obtain
  continuing education credits, much like a
  certified management accountant (CMA). CMAs
  however, have received the training necessary to
  meet modern accounting requirements, and have the
  capacity and ability to be a part of a companys
  management team.

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• For new and fast growing companies, they will
  usually want an accountant who is able to assist
  them with managing the financial side of their
  business performance, and who will also maintain
  the responsibility for internal control
  functions. In these cases, CMAs are a popular
  choice.
• What industry centred expertise do they have
• If you are involved in a specialised industry -
  such as those mentioned in the introduction you
  will want to search for an accountancy firm who
  has experience and wide knowledge in this field.

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• Having said that, if somebody has recommended a
  particular firm to you and they themselves dont
  specialise in your industry, it may be worth
  finding out if they partner with networks of
  other firms and are able to turn to them for
  industry specific advice and guidance, should you
  need them to.
• What size are they?
• There are so many accountants and accountancy
  firms to choose from, that selecting the right
  one for you and your business can seem
  overwhelming. It can be difficult to know whether
  to hire a sole practitioner or a large,
  multi-national firm, and perhaps the size of your
  own business will help you choose.

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• Smaller businesses may find themselves overlooked
  by the bigger, well known firms on offer today,
  despite their appeal due to their experience and
  success with clients, statewide. Larger
  businesses may be suited to the expertise these
  firms can offer, but smaller ones might be better
  suited to a smaller practice, with a more focused
  client base.

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• What services do you want an accountant to
  perform for your business?
• Checking the qualifications of an accountant or
  accountancy firm, is only as relevant as the
  services you will want them to perform for you.
  If you only require an accountant to prepare your
  tax returns, then that may make choosing one far
  simpler if you want them to provide you with
  advice on taxes, financial planning, or
  retirement planning on the other hand, you may
  well need to choose an individual or firm with
  different qualifications or experience.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax services Miami. If you
  are looking for bookkeeping services in Miami,
  Heyer Associates would be a right option.