If you operate a business in Staten Island NY or are an individual who has a complex income tax form to file, you may call on the services of an accounting firm. While many accounting firms have a variety of different accountants available, it is helpful if you know before hiring one what type you need to address the specific requirements of yourself or your company.
Types of Accounting Firms
There are several types of accounting firms. Below are three common ones:
• Audit Firms: This type of accounting firm concentrates on auditing books and financial records to ensure accuracy, accountability and legitimacy. Corporations and many businesses and associations hire audit firms annually.
• Bookkeeping Firms: These firms focus on daily bookkeeping functions such as data entry and payroll management. They are often hired by the owners of small businesses.
• Tax Firms: This type is one of the most familiar to individuals and businesses alike. It aims to plan and prepare taxes, making sure everything is in compliance.
Several firms do not concentrate on one specific type of accounting. Instead, they incorporate a variety of diverse services, including the handling of taxes and auditing. These are full-service accounting firms and often aid an international clientele.
Choosing an Accounting Firm
If you know what accounting services you require, it is easy to compile a list of potential candidates. Know what you need to be done. Check to see if they provide these services. Only when you are an informed consumer should you set up an appointment.
