Do you have clients like me?
Choosing a CPA that focuses on your specific industry and sector plays an incredibly important role in the client experience and the results. Make sure to ask what experience a firm has in your industry/sector.
What types of resources do you have to fulfill my needs, as my business gets larger and more complex?
By taking in venture capital, you are saying that you are ready to get big, and to do it quickly. To do this successfully, you need to ensure that your CPA firm has the bench strength and expertise to see you through all the phases of your business, from start-up to exit or IPO.
How do you bill for your services?
Price is important, though the adage “you get what you pay for” still applies. Does the firm offer fixed pricing for their services or is it based on hourly rates? If based on hourly rates, what are the standard hourly rates and how often do those rates change? If the service takes longer than expected, what is the likelihood of an additional billing?
How can you add value to my business?
Over the years, there has been a shift where many of the services offered by accounting firms are viewed as a commodity. There is something missing in that mindset. The ability to tap the expertise of a CPA with deep experience in your industry can make the difference between a compliance-only relationship and a value-added one.