If you have decided it's time to change CPA’s, what should you bring to the first meeting?
It is important that your new CPA has a complete file for you so that they have a better understanding of your needs.
The list of items to bring your new CPA would be:
• Any questions you have
• Copies of prior years returns, at least two years
• All current tax documents
• A schedule of all federal and state estimated taxes paid
• Settlement sheet if you sold your house
• Copies of any IRS or State correspondence
• Investment Statements
• Retirement Accounts
If you own a business the request for documents will be entirely different. The following is a list that your accountant most likely will need:
• Articles of Incorporation and Bylaws
• Partnership or LLC agreement
• Tax returns
• Financial statements, if applicable
• Lease agreements
• Loan agreements
• IRS or State correspondence
• Depreciation Schedules
• Personal Property Tax Report
• Sales Tax Returns
ACTION ITEM: Be prepared to provide your new CPA with a complete file. This will allow them to have a better understanding of your situation.
Thomas F. Scanlon, CPA, CFP®