A Dentist’s Guide To Hiring A CPA – Get Financial Help In 5 Simple Steps
You’re a dentist. Not an accountant. Whether your practice has grown, you’ve acquired a new practice, or you just don’t have time to handle the day-to-day financial operations of your office any longer, hiring a CPA is a great way to take some tasks off your plate.
But if you’ve never worked with a CPA before, you may not be sure how to find the right accounting professional for your practice. Luckily for you, the team at Tooth & Coin is here with a quick guide on how you can hire the right CPA for the job!
1. Assess Your Needs – Why Do You Need To Hire A CPA?
First it’s a good idea to ask yourself why you’re hiring a CPA. What are your needs?
- Do you not have time to handle payroll and bookkeeping?
- Do you need help filing taxes and maximizing deductions?
- Do you need to get your books in order to sell or buy a practice?
- Are you interested in improving profitability and building a financial strategy?
The more complex your needs are, the more important it is to work with a CPA that has expertise in the dental field. The price you’ll pay for CPA services also will vary depending on the number of services you need.
2. Find Candidates And Focus On CPAs With Dental Experience
When it’s time to find CPAs for your dental practice, there are lots of ways to get recommendations. You can search for dental CPAs on Google, get recommendations from your colleagues, and check out trade publications for more information.
Of course, if you’re reading this blog post, you may be considering working with Tooth & Coin. Our expert dental CPAs serve practices throughout the entire nation with profit advisory services, tax services, and general accounting services. Feel free to give us a call at (877) 265-2121 if you’d like to learn more about what we do!
3. Check Their Credentials, Schedule Interviews, And Narrow Down The Field
CPA Verify is a great resource if you want to check a CPA’s credentials and make sure that they're in good standing with your state’s accountancy board. Never work with an unlicensed CPA, or a CPA whose credentials have lapsed.
Once you’ve got a few candidates in mind, it’s a good idea to start scheduling interviews with prospective CPAs. We recommend taking the time to write down any questions you may have about their services, such as:
- What financial software are you familiar with?
- Do you have any dentistry-specific expertise?
- How quickly do you respond to clients?
- What financial services do you offer?
- How will your services add value to my practice?
4. Pick The Right CPA And Get Back To Caring For Patients
After you’re done interviewing CPAs, you can choose your top candidate. Or, if you have multiple top candidates, you can do more research or schedule a follow-up to make sure you choose the right CPA.
Once you commit to a dental CPA, it’s time to get back to doing what you do best. Running your practice! Your CPA will work closely with you to handle financial matters, which will reduce your responsibilities, and let you get back to providing excellent dental care to each patient who walks through your doors.
Not Sure Where To Start? Schedule An Appointment With Tooth & Coin!
Tooth & Coin is a boutique CPA firm specializing in servicing dental practices throughout the entire nation. Dentistry is your occupation, and working with dentists is our passion. We understand the complexities of dental care, which allows us to deliver truly top-tier CPA services to all types of dental practices.
But don’t take our word for it. Schedule a consultation with Jonathan VanHorn today, or call us at (877) 265-2121 to set up a consultation. We’re always happy to answer any questions you may have and discuss our expertise in the dental field.