It can be difficult to decide what matters when finding the best accountants, largely because every business is different and each person will look for different things that make them feel comfortable. However, one thing that all industry analysts can agree on is that it is important to find accountants with relevant experience. What is the relevant experience? If the business is a start-up, it is very important to find a company that specializes in the unique needs of start-ups. If they have that kind of experience and are experienced in a particular industry, this is doubly good news and may be enough to find a group to choose from. But that's not the only thing because when it comes to startups, it's important to have mutual respect and understanding because there is likely to be a compromise and maybe a mentoring relationship between the two of you.
The problem is that too many account holders who are qualified to help start-ups end up focusing only on the big companies because they tend to be more profitable. New businesses won't get the time and advice they need and the business won't see the account as profitable enough and it will become a low priority and benefit no one. These accountants are very knowledgeable, but may not have the time or focus on customer service to properly work with someone just to set up a startup. In these situations, the person starting their first business will have a lot of problems and will require more direction than a more experienced client who just needs an accountant to balance books and paper files. But a qualified company that takes the time to work and grow with the startup can be rewarded when that company succeeds and becomes much larger.
In addition to these abstract issues, there is the harsh reality that all New York firms and accountants must be aware of: These new businesses tend to have many initial tax issues, both state and local. For a new company that has spent the last year working 16/7, the prospect of an audit is enough to cause a mental breakdown and that is where a good New York accountant can avoid these problems and let the entrepreneur really focus on their main interests. But the problem is that many accountants have different specialties and they choose a specialization that may not have enough initial experience or enough in a vertical framework and that is a recipe for disaster, either at the beginning or in the future. Even among these experienced accountants, it is not easy to separate the accountants who will save money from those who will end up costing a lot of money due to mistakes. It can be very difficult to find the right experience and the right bedside method. Not only does a potential client need to ask the New York accountant a lot of questions, but they also need to ask a lot of themselves and rely on the amount of his experience and the amount of help that he thinks he will need.
