A Guide To Form 990 For Tax-Exempt Organizations

What is Form 990? Although many nonprofit organizations are exempt from paying federal taxes, the IRS requires tax-exempt organizations to file Form 990 for informational purposes. The IRS uses this informational return to determine whether you're still exempt from...

5 Critical Tax Tips For Nonprofits in 2019

No one enjoys filing taxes, but it can be especially problematic for nonprofits. Many nonprofits focus on their cause so much that they neglect proper organization. As a result, they deal with disorganized records and systems, and a lack of clarity around tax issues....


For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

4-Steps to Choosing the Right Accountant for your Business

Reading Time: 2 minutes

Choosing the right accountant to work with your small business may seem like a daunting risky decision, however it really doesn’t have to be when you’re equipped with the right tools to measure their performance.

The big question is whether to hire an outside firm versus an inside accountant. Inc Magazine did a great piece on this evaluation and this is a decision you need to make first.

Once you have decided to hire an accounting firm, there are four big questions you should answer.

1. What does your business need? Do you know what you need?
2. Who are all the respected accountants that can serve me?
3. What is the accountant’s reputation and capabilities?
4. What services I need and how will I be billed?

What does your business need? Do you know what you need?

Before you start looking for an accountant, you need to answer the basic question of ‘what do you need?’ ‘Do you need CPA services?’ ‘Or just bookkeeping services?’ Perhaps you already have Quickbooks installed, or you simply need tax services. Do you have a lot of daily transactions and need daily accounting practices….or perhaps you do not have the proper financial tracking in place to measure your business performance. Prioritize your primary objectives before you begin searching for an accountant.

Who are the respected accountants that can serve me?

Now you have properly prepared yourself for your search and you know exactly what type of services you are looking, now is the time to begin your search. Do your homework on this step, don’t choose the first accountant’s website you visit, you want to know a few things such as how qualified are they. What type of experience do they have? Do they have the experience with companies like yours?
Prepare a list of several firms in your area. Using an accountant that you can meet with in person is rather crucial, this is the heart of your business.

What type of reputation do they have?

Are their clients happy and stay with them? Google, Facebook and Yelp are your best sources to find out what is being said about a business. The great thing about Google and Facebook are the fact that the reviews and recommendations are genuine reviews from real people that have interacted with that firm. Look at who is leaving the reviews, how long have the firm been getting reviews, are they consistent with their reviews (or did they get a bunch at once).

After identifying the high performing firms that can provide you service, chose at least two providers and set up a consultation to make your final decision.

Ask questions such as their capacity, experience, capabilities, education, qualifications. Typically, firms that are involved in the community tend provide a higher level of service

What services do I need and how will I be billed?

Before you are ready to move forward with your accountant, make sure you understand how the accountant bills for their services. There are a large number of billing structures and can vary pretty widely. Some accountants charge by the hour, others have flat rates per service, and others use some combination of the two. There may also be additional charges that occur and may have not already been discussed. Make sure you are asking about what services you’ll be receiving and any potential charges, it’s better to be surprised now than before you get the bill.



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