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®
Tom Scanlon has over thirty years experience in public accounting with an extensive background in the areas of financial, tax, and estate planning. He prides himself on providing in-depth and customized solutions to privately held businesses and their owners. He is a Certified Public Accountant and Certified Financial Planner®. Tom is a frequent speaker for area organizations and has recently been quoted on CNBC, Fox 61 News and AARP's blog. Tom also has been a guest columnist for numerous publications including The Wall Street Journal, Barron's, Money Magazine, The Hartford Courant, The Hartford Business Journal, and The New Haven Register. He is a member of the American Institute of Certified Public Accountants, the Connecticut Society of Certified Public Accountants, and the Financial Planning Association. Active in the community, Tom supports a variety of not-for-profit organizations.
