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11 Questions to Ask When Hiring an Accounting Firm in San Diego

Moneymagpie Team 18th Sep 2022 No Comments

Reading Time: 4 minutes

There are many accounting firms in San Diego, so what makes one firm better than another? There are many factors to keep in mind when choosing an accounting firm, like the firm’s size, specialization, location, and reputation. 


The following are essential questions to ask when hiring an accounting firm in San Diego because they can determine what type of service you receive. 


So let’s start with an ultimate checklist for finding the best accounting firm in San Diego.




1. How long has the firm been in business?

The length of time a firm has been in business indicates its experience and success. A firm that has been in business for many years is likely to be more experienced and successful than a newer firm.


It is also likely to have a better reputation and be more trusted by clients. Furthermore, a firm that has been in business for a long time is expected in a deeper understanding of the San Diego market and be able to provide more specialized services.

2. What is the size of the firm? 

A large firm may have more partners and assets under management, but it may also have a more extensive client base. This means they may not be able to give your business the same level of attention as a smaller firm.


The second reason is that the firm’s size can impact your service quality. For example, a smaller firm may be able to provide more personalized service, while a more prominent firm may have more resources and experience.

3. What is the firm’s specialisation? 

This will ensure that they have the specific expertise that you require. For example, if you need assistance with tax planning, you will want to ensure that the firm has experience in this area. Or, if you need CFO services that include strategic planning and analysis, you’ll want to ensure the firm has experience in this area.


Also, choosing a firm with extensive experience in your specific industry is important, as this will give them a better understanding of your unique needs.

4. What is the firm’s reputation?


You can check with the Better Business Bureau or read online reviews to understand what other people have said about their experience with the firm. It’s also a good idea to ask how long the firm has been in business and if they have any specialties. This will help you to gauge their experience and expertise.

5. What is the firm’s location?

Ensure to ask about their experience in the accounting industry and whether they are licensed to work in California. This is critical as you want to ensure that your accountant is up-to-date on all the latest changes in tax laws.


For example, California’s tax laws differ from the rest of the country, and you want to ensure that your accountant is familiar with these laws. So you will need an accounting company like Profitwise Accounting that has decades of experience helping businesses in San Diego use available deductions and is very familiar with San Diego tax laws and regulations.  


Also, if you are running a brick-and-mortar business in San Diego, you will want to have your accountants near you so they can drop by your office, get to know you and your business, and better understand your needs.


6. How often will they communicate with you?


You should expect monthly communication from your accountant in person or by phone. You should know what the firm’s policy is on availability. Do they have someone on call 24/7 in case of an emergency? Do they offer evening or weekend hours?


This communication is vital to ensure that your business is on track and to answer any questions you may have.

7. What are their qualifications?

All accountants should have a minimum of a bachelor’s degree in accounting, but many firms will require their employees also to have a master’s degree. CPA certification is also a plus, and it doesn’t harm if they have qualified accountants for CFO services.


8. What is their fee structure?


Most accounting firms will charge an hourly rate for their services. Some may charge a flat rate, but this is usually for more simple tasks. It’s essential to know how they will be billing you, so there are no surprises down the line.


So, ask about their fee structure. Hourly? Flat rate? Retainer? What are the estimated hours for the services you need?


Get a feel for their work and what you can expect before signing on the dotted line.


9. What do their services include?


Be sure to ask what services are included in their fees. For example, some firms will charge extra for bookkeeping, tax preparation, and other services. You’ll want to know what you’re getting for your money, so there are no surprises down the road.

10. What is the firm’s refund policy?

No one likes dealing with unpleasant surprises, especially concerning finances. That’s why it’s essential to ask about a potential accounting firm’s refund policy before hiring them.


After all, you don’t want to be stuck with a bill for services you’re not happy with. Therefore, a good refund policy should be clear and concise, and it should give you peace of mind knowing that you won’t be overcharged for services you’re not satisfied with.

11. What is the firm’s policy on privacy and confidentiality?

One of the most important things to consider is the firm’s policy on privacy and confidentiality. You must ensure that your personal and financial information will be confidential and secure.


By asking these questions, you can be sure that you’re hiring the best possible accounting firm for your business.


DisclaimerMoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence 
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Jasmine Birtles

Your money-making expert. Financial journalist, TV and radio personality.

Jasmine Birtles

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