Tag Archives: firms

Accountant New York Is the One Stop Solution for Business Firms

Accounting problems that business firms have to sort out along with other official chores is really a tough experience to handle with. Single wrong entry could take hours to detect and make the employees lose their peace of mind. Also, if it’s a small business, then the owner would have the added responsibilities to not only take care of the business and keep it running but also maintain its book of accounts which completely inept along with other functions. This would make the owner waste all the time he has and give him more stress and tension the actual business gives. In such situation it is best to hire the efficient services of accountant New York.

Since accounting is completely mandatory for all business firms as only through appropriate accounts information government would be able to levy the taxes on the business done.

A mere look at the books of accounts by professional CPA’s would help them tell if the business is worth its price or if the investor should invest more money into it. The stakeholders, employees, shareholders, debtors, credits, government, prospective investors, acquirers and auditors need the help of the books of accounts to form an opinion about the business and the way it would progress in the future. Accountant New York makes all these problems find a solution at cheap and reasonable rates.

There are number of accounting firms in New York that provides the services of expert accountant New York. These offers world class accounting help through various professional CPA’s at a cost that is almost half of what a company would have to pay for a full time employee. In this time of deep financial crisis, companies are looking for a way to lower cost or cutting them completely. This turns out to be an excellent idea since the company pays almost half of the amount previously spent but also gets accurate accounting done by professionals. Accountant New York makes your accounting task recorded on day to day basis and managed  perfectly so that you need not spent hours in retrieving past record.

Accountant New York gives all these services and more like how to make the balance sheet, what amount to put as capital for the business and what inventory should it have at the end of the end. These expert accountants will keep check on what amount is reasonable to be paid to debtors and creditors or what should be the profit margins for the survival of business.

Accountant New York will also prepare daily charts of the business telling you what progressed in the business during the course of the day and when the business cycle starts to show a downfall. He gives ways to tell you how to reduce the downfall and to grow, all this help while the firm manages the accounts. It’s incredible to get all this at extremely reasonable prices. The best way is to take advantage of the situation of impending recession, depression and tight money markets is by taking the help of Accountant New York.

Peter Terry has extensive knowledge about bookkeeping and knows the importance of this for running a successful business. To know more about Accounting New York, New York accounting firm, accountant New York,accounting Services New York and NYC bookkeepers visit www.nycbookkeepers.com

Getting Your Foot in the Door at Big Four Accounting Firms

          The dream of many senior accounting students is to graduate, pass the CPA exam, and be picked by a Big Four Accounting Firm – PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu, Ernst & Young, and KPMG. It is a dream they should have been preparing for since their first day on their college campuses. A common mistake by college students is to begin preparing for the next stage of their lives immediately before that stage arrives, such as applying for colleges during their senior year of high school or searching for a job during their senior year of college. Accounting students who want to be picked by a Big Four firm must begin distinguishing themselves from day one of college through not only a high GPA but also through involvement in accounting societies and in leadership roles.

            Every successful student prides him or herself on a high GPA. It is the easiest and quickest way employers can compare and rate students. The GPA comparison is an impartial, numerical way to limit a candidate pool and to begin to find the best of the best – which is exactly what Big Four firms are vying for. Suggestion: Dedicate yourself to work for an “A” in every class so that your cumulative GPA can handle those few classes that are difficult for you.

Although a high GPA will help you land an interview, it is far from the only factor that the Big Four accounting firms are looking for and will not necessarily grant you an employment offer. When a student graduates with a degree in accounting, employers know that the student understands accounting, but they want to see what else the student can do. One partner stated to a class that his firm would rather have an accounting student with a 3.3 GPA who was a leader on campus than a student with a 4.0 who sat in a room all day and studied. This should stand to you as a large road sign stating, “Get Involved!”

Today’s employers are looking for leaders who are involved in a variety of activities on their campuses. An accounting society is a great place to start. Most universities have several from which to choose, whether local or national societies. A great starting point would be to join your state’s CPA society. Hint: Many universities will pay the student membership fee for you. In addition, join or help establish on your campus a chapter of a specialty accounting society, such as Beta Alpha Psi (a superior service-oriented honorary society), the Institute of Management Accounts, or the National Association of Black Accounts, Inc. These societies will help you earn a degree of diversification and expand your education. In addition, the national or international organizations have many networking events for students to meet HR personal and young managers and partners of the Big Four firms. These events give students opportunities to establish a relationship with them, reducing the pressure during future interviews. Suggestion: When attending networking events, bring a resume and make it a point to introduce yourself to a partner of the firm you are gunning for and be sure to leave a resume in the hands of a HR staffer.

A high GPA and involvement in an accounting society is still just the foundation. To distinguish yourself from other competitive accounting students, you must get involved in other organizations and hold leadership roles. Choose organizations that have a great interest to you, then get heavily involved in them and look for opportunities to broaden your leadership experiences. Hint: When deciding whether a position is worth the investiture of your time, do not question how it will look on your resume, rather evaluate what leadership experiences it will give you to discuss in an interview. Resume bullets are simply talking points in an interview. If you did little with a leadership role, there will be little to talk about in an interview.

Internships are essential to employment with the Big Four firms. Over 90% of interns at Big Four firms are given employment offers, leaving few entry positions to be filled by those who did not intern at the firm. Because accounting students know that Big Four firms do not offer internships until their junior year, most students do not make contact until then, missing a golden opportunity. Recently, the Big Four firms have begun offering short visits to their offices during the summer after a student’s sophomore year, referred to as externships or leadership adventures depending on the firm. Each firm, in its own style, offers two or three day externships that include tours of the local office, seminars about the firm, and some firms even include a day in the field with an audit team. PwC takes the experience a step further, sending two hundred of its top internship potentials to one national office for a deluxe leadership adventure that includes a full day of community service. The similarity among all the firms is that the office visit includes an interview, usually with a partner, for an internship during the student’s junior year and a chance to be a step ahead of the crowd.

            Possibly the most difficult task of landing an employment offer from a Big Four firm and the one given the least consideration, is determining with which firm you best fit. Each firm has its own personality and is looking for a specific type. To ensure the best chance of landing an offer with the right firm is to start working for offer from the first day of college.

L. Anthony DiJiacomo is an highly involved student leader at West Chester University, triple-majoring in Accounting, Fiance, and Management.

How to choose a Miami Accountant – Why Miami Accounting firms can save you money

There are a number of individuals and businesses who use the services of an accountant year round. There are other individuals who only hire an accountant to help get all of their finances in order before their tax returns are due.  View any directory of accountants in any major metropolitan area and you will find hundreds, if not thousands, of accountants listed.

Surprisingly, most business owners and individuals don’t carefully consider matching their needs to an accountant’s qualifications when making a selection. That’s because many of us who don’t have a strong accounting background view all accountants as being equal.

But the reality is that all accountants are not created equal….and the same goes for Miami Accountants as well.

An accountant, technically speaking, is a professional who takes care of the accounting needs of an individual or a business, including bookkeeping, tax preparation, financial advice, and more. Choosing an accountant is a highly individual process, as everyone has different needs.

This article explains how miami accountanting firms can help you conquer business finances and provide useful questions you should use to choose an accountant that best matches your needs and can help you prosper — and not somebody who just crunches the numbers.

What do accountants do anyway?  How can an accountant help me?

Skilled accountants are highly trained and specialized to recognize data interrelationships and identify trends, amounts, and other relationships that just “look” incorrect.  This analysis also includes the clear absence of missing information and the ability to recognize cost or tax savings measures that may have been otherwise overlooked or misinterpreted.

Experienced accountants have also been trained to methodically choose and apply selective analysis to financial data with an acute attention to detail.

Some small businesses make due with a bookkeeper – someone to perform the tedious task of recording financial information and cranking that data into the necessary formats, like P&L statements and tax forms. But a good small business accountant does much more than just record transactions and passively generate documents – they actively analyze, interpret and convert that data into actionable business intelligence.

How do I choose an accountant that best matches your needs?

Perhaps the most fundamental consideration in choosing an accountant, or accounting firm, is to choose one that best suits the needs of the individual business.

When hiring an accountant, you’re choosing an individual or group that provides you with the requisite expertise that you do not hold.  Therefore, your accountant should be adequately experienced and educated in the areas that are most applicable to your needs.

It’s not so uncommon that some people who offer “accounting services” are unqualified.  They are unlikely to carry any liability insurance, nor is there any supervisory body you can complain to if things go wrong. The apparent savings in fees, if any, could prove costly.

Accountants who are certified are subject to wide variety of knowledge, experience and ethics requirements, unparalleled by most any other regulated industry.  Certified accountants are required to have attended and successfully completed rigorous, higher-level education and/or experience requirements in addition to passing an examination indicating the same. Certified accountants are required to complete certain continuing professional education requirements on an ongoing basis.  The purpose of this standard is to help ensure the accountant remains knowledgeable with changing laws, regulations, interpretations and technological advancements.

Experience considerations are of the utmost importance.  Accountants practicing “public” accounting have the largest breadth of exposure to various industries, businesses, and persons with unique needs.  Public accountants are acutely trained to be able to gather, sort and interpret large volumes of information in very short time periods.  Choosing an accountant with prior industry or project experience, can help you save time, money or even the avoidance of costly mistakes.  Choose an accountant that has demonstrated an advanced knowledge of specific areas that may be applicable to you.

Step by Step Questions When Choosing an Accountant

Determine what your specific needs are. Do you need an accountant for your business or for your personal finances?  Do you need to create a budget, need help with financial planning, need financial records kept, or do you just want someone who will prepare your taxes? Accountants and accounting firms often have specialties, and they all have their own strengths, so make sure you know what you are looking for.

Get personal recommendations. If you have a friend or a relative who loves her accountant, ask her about it! It is best to find someone who is in a position similar to yours (who is happy with her accountant).

Speak personally with the accountants. After you have recommendations, speak with the accountant or accountants that interest you. Explain what you are looking for and ask any questions that you might have. Watch and listen for clear, direct answers and make sure you feel comfortable with the accountant. Feel free to ask about credentials and experience – most accountants will be happy to provide that information.

Determine how much it will cost. As with many professional services, cheapest is not necessarily best when it comes to accountants! On the other hand, you don’t want to be overcharged. Do a little comparative shopping to make sure that the fees seem to be within an acceptable range.

Consider your feelings. It may sound silly to involve feelings in a business or financial decision, but if you are working with someone, especially someone who will be working with your money, you want to feel secure and comfortable. If you are uncomfortable with the accountant for any reason, choose a different one. Get a timeline. Make sure you talk to the prospective accountant about when you need things done. If you are on a tight deadline for tax season, make sure that he or she can meet that deadline. You need to make sure that the accountant you choose can give you the time that you need!

Does Your Accountants Proximity to Your Business Really Matter?  Why Choose a Miami Accountant?

As the accountants’ relationship with clients often requires a continuous, ongoing exchange, it is important to choose an accountant that is easily accessible.  However, due to recent technological advancements of communications, desktop sharing and remote access, accountants can more easily exchange information that previously required a physical presence that is no longer applicable.

Miami is a city that provides a wide variety of interests and cultural backgrounds.  The majority of its residents are fluent in more than one language.  It is probably the best known gateway in the United States to Latin America and South American businesses, European nationals and foreign investors doing business in the United States.

Accordingly, the business acumen of Miami accountants is to generally hold a higher level of knowledge and experience with respect to foreign businesses wanting to have a U.S. presence, foreign real estate and business investors.

Applicable knowledge and skills of Miami accountants will often include more complex taxation reporting requirements, currency translation, business capitalization techniques, choosing entity structures most beneficial to foreign owners, and more complex tax reporting as it relates to foreign investors and owners.

Given the current and ever changing state of technological advancements, ability to communicate fluently in foreign languages, improved knowledge and expertise of accountants of tax matters as it relates to foreign ownership, the demand for certified accountants in cities such as Miami is on the rise.

Mitch Helfer is an experienced miami accountant with the skills necessary to get your company on track financially. Learn more about one of the top miami accounting firms by visiting cpamiami.com.

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