Professional Accounting and bookkeeping Consulting

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By using our technological accounting and bookkeeping expertise we can help you reduce time spent on mundane tasks and help you focus on the variables that drive your business forward.

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Gain access to high level accounting talent while driving administrative costs down.

  • Online accounting services
  • Bookkeeping services for small businesses
  • Other business consulting as requested

Our Specialties

Accounting and Bookkeeping: Our bread and butter. Get In Touch For a Free Consultation

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Services

What We Can Do For You

We provide full charge bookkeeping services, accounting write-up services, as well as ad-hoc reporting as needed. If you need CPA services such as audits, reviews, or compilations, we can put you in touch with expert assistance.

quickbooks

Pro Advisors ready to help, just pick up the phone!

xero

We support other brands of bookkeeping software as well

reconciliations

Need help catching up on a serious backlog of accounting work? We can help!

Internal reporting

When you need to send financial information to the bank or your partners, we can help!

From Our Founder

Make Your Own Opportunities

We firmly believe in entrepreneurship, capitalism, and efficient market theory.  Competition is good for business and fits perfectly with the American Way.

Accountant - How To Find The Best Highly Rated Accounting Service

  • We are the Best Small Accounting Firm in the Chicago Loop!
  • Providing Top Notch Advice in Cook County IL
  • Call today for your Free 30 Minute Consultation
  • Give us your toughest small business accounting questions
  • Lowest admin overhead of all accountants near me

Choosing the right accountant for your business is a vital decision to make. Although you can file taxes and do bookkeeping for your organization, there are times when you require the services of an accounting firm. Every year, legislators change accounting and business laws. Their decisions leave the common citizens with difficulties when making major financial decisions, including claiming a tax deduction and buying or selling a property. Qualified accounting firms stay updated with all the new business and tax laws. Therefore, they are able to offer help to small businesses and individuals in the society.

However, before choosing an accountant, you need to determine the needs of your business. Understanding the needs of your organization will enable you to choose the right expert to help you with financial matters. Additionally, your accountant will help you set financial goals and formulate a realistic budget for your business. Today, there are thousands of accounting firms in the country. Therefore, choosing the right company for your business is an overwhelming process. As a businessperson, you have to research properly and gather the right assessment questions before approaching a particular accounting agency. This guide provides top 5 things to look for in a local accounting firm. These considerations will enable you to get reliable professionals to handle the financial and tax needs of your company.

1. Qualifications

If you want the best financial results, you need to choose a local accounting company that has the appropriate technical qualifications, resources, and manpower to support your business. You need to hire a company that has a deep understanding of complex tax code and financial concepts. Therefore, when searching for an accounting firm, you should check whether the staff members of a particular agency have the required qualifications or not.

In the accounting field, the degrees of education vary. Some accountants have academic qualifications that are globally recognized. Other professionals in the field have the general knowledge for providing and analyzing financial reports and statements. Also, it is possible to get accountants with advanced managerial skills. However, the most important thing to look for in a local accounting firm is the ability of the staff members to identify and satisfy the financial needs of your business. Choosing a firm that has qualified professionals will protect your business against financial fraud and complications that are likely to occur in the future.

2. Fee

The accounting cost is a critical thing to look for in a local accounting firm. After determining the types of accounting services that your business requires, you need to choose a firm the will charge you reasonably. However, you need to understand that accounting cost and rates vary from one agency to another. For instance, there are companies that charge per task, such as offering financial advice, compiling a statement of net worth, formulating a budget, preparing a profit and loss statement, and filing personal income tax. Others charge per hour.

Therefore, to avoid financial challenges, you should evaluate your needs before approaching any firm for accounting services. Moreover, you need to check whether your business can afford an accounting firm that charges per hour or per task.

3. Experience and Reputation

Experience of the firm is another critical element that you need to consider. Experience determines the level of service offered by a particular accounting firm. You should create a list of the available accounting agency in your locality. After creating the list, you should check the portfolio of every company. For instance, you need to check the number of clients successfully served by a particular company and their level of satisfaction. You can learn more about the firm from its past clients.

Additionally, you should check the reputation of the accounting firm. Recommendations from friends and relatives will help you choose a reliable accounting agency for your business. Moreover, you can use online customers’ reviews to learn about the reputation of the accountants that you intend to hire.

4. Certification and License It is advisable to check legal certifications and licenses when hiring an accounting firm. There are professional bodies that regulate accounting activities. Their objective is to maintain high professional standards in the field and ensure that every accountant has the right academic qualifications.

Therefore, before hiring a particular accounting company, you should check whether it is registered or chartered. Moreover, the company should have a valid work permit to operate in your locality.

5. Personal Connection

Financial matters of your business are sensitive to handle. Therefore, you should entrust them with a reliable professional who clearly understands what your business needs. You should feel comfortable when discussing your finances with your account. If you feel intimidated when discussing your finances with a particular agency, you should not hesitate to look for another one.

Your accountant should use terms that you can easily understand. Additionally, the professional should always offer financial advice to improve your business.

In conclusion, you need to check the availability of the local accounting firm. Its location should not be far from your business. You should find out whether the professionals from the accounting firm are a call away or not. This will enable you to get appropriate advice on when to make investments.

Get In Touch

VPS Accountants & Bookkeeping
18 S Michigan Ave, # 1202,
Chicago, IL 60603
+1 773 570 2718
contact@vpsaccountants.com