Forensic Unit Assists in Largest Fraud Case of Washington Co.

Perry’s Forensic Unit Helps Uncover Investing Fraud

1 million dollars is no small deal. Especially when it’s been stripped from you illegally. Unfortunately, for James Vuksic of Marietta, he’s had to be the one to bear the brunt of the largest fraud case Washington County has ever seen. Perpetrator Kendall Richards approached him with an elaborate funding opportunity that was projected to make him a sizable return on his investment. The plan seemed legitimate and profitable at first glance; however, months into it and over a million dollars later, nothing had materialized.

Paper and money trails were difficult to track, though, as the plan was to originate in Canada with the purchase of vehicles at Canadian auto auctions. An entire team of investigators worked tirelessly to determine and prove the fraud. Perry & Associates forensic unit teamed up with the Sheriff’s Detective Bureau, Interpol, the W.V. State Police, the Royal Canadian Mounted Police, U.S. Customs and the U.S. Treasury Department Financial Crimes Enforcement Network.

Read the full story from Marietta Times

Frequently Asked Questions about COVID-19 SBA Disaster Loans

What You Need to Know about Disaster Relief for Covid-19


On April 1, Perry & Associates reported that the president officially signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. We responded quickly and created a special COVID response group. Our expert accountants are ready to answer your accounting questions regarding the financial relief package.


Since creating the COVID response group, we have received hundreds of questions about the CARES Act. We are working around the clock to provide accurate and thorough answers.

However, we understand many of you need to access funds quickly. That’s why we’ve curated six, frequently asked SBA Disaster Loan questions so that you can make the right choices for your business as soon as possible.


SBA Disaster Loans – FAQs


Am I eligible for a coronavirus SBA disaster loan?

You may apply for CARES Act funds if your business has fewer than 500 workers. This includes corporations, non-profits, sole proprietorships, contractors, and freelancers. There is assistance for larger businesses, but those programs fall outside the scope of this article.


Are all SBA disaster loans the same?

No. There are a few distinct programs to the CARES Act. The two most popular programs are the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL).


  • The EIDL. These loans are made directly through the SBA, not local banks. After applying online, you may receive up to a $10,000 advance that will not have to be repaid whether or not you qualify for an additional loan. Additional loans can be maxed at $2 million and loans up to $200,000 don’t require personal collateral. Finally, an EIDL loan can’t go toward other loans or debt obligations. Apply here.


  • The PPP. These are 100% federally backed loans used to cover payroll-related expenses through June 30th. These loans will be forgiven if businesses retain employees at compensation levels similar to pre-crisis levels. Loans are made through banks and third-party lenders. For more information, see our PPP section below.


When will I receive my relief funds?

For EIDL advances up to $10,000, you could see that deposit within three days of your application. For loans beyond the initial $10,000, most sites claim turnaround time is 2-3 weeks. However, many businesses have seen delays longer than that. Expect to wait a week or two longer than promised before funds are approved and delivered. This applies to PPP loans, too. This situation is ongoing and may resolve at any time.


Paycheck Protection Program Questions


What information do I need to apply for a PPP loan?

These SBA disaster loans are provided through local lenders and backed by the federal government. Contact your bank or SBA representative to submit an application. You will need to include documentation stating the total number of employees on payroll along with their 2019 salaries and compensation levels. Also, submit verification for mortgages and utility payments.


Once I receive my PPP SBA disaster loan, are there restrictions on how I use it?

Yes. As you might expect, the PPP requires borrowers to use funds toward payroll-related costs. Eligible costs include: 

  • Payroll administrative fees 
  • Health-care benefits
  • Employee salaries, commissions, or similar compensation
  • Rent and/or mortgage payments
  • Utilities
  • Interest on debts taken on before the crisis

There are also salary eligibility restrictions. For example, loans will not be forgiven if they go toward any compensation over $100,000 per employee or compensated employees live outside the USA.


What happens if my loans aren’t forgiven?

If PPP funds don’t meet eligibility requirements, they might not be forgiven. Loans can only be forgiven if they are used to cover payroll expenses within the eight-week disaster window following the start of the loan. Businesses must also retain employees at salary levels comparable to compensation before the crisis.

If your business does not meet forgiveness criteria, then the funds will remain a traditional loan with a maximum interest rate of 4% and a 10-year repayment window. Loan fees or prepayment penalties will not be applied.

Thank you for reading through our SBA disaster loan FAQ. We hope you’re able to access the funds your business needs.

However, being approved for an SBA disaster loan is just the first step. You will need to track your expenses so that you can prove loan forgiveness eligibility. Together, we will make it through this unprecedented crisis.


Talk to one of our accounting experts, and let us set you up for success.

Call us at (740) 373-0056 or contact us online.

CARES Act and Paycheck Protection Program

The CARES Act with Paycheck Protection Program

The Relief Package Was Approved

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on Friday, March 27, 2020. There are multiple components to the relief funds that may benefit your business. A core element is the Paycheck Protection Program. In short, these are SBA loans that may be forgivable to eligible businesses and 501(C)(3) organizations that use the loans for the program’s specific guidelines. For guidance on any COVID benefit programs, please call us.

Our COVID Response Group

If you need our help, please call. We want to make sure you are maximizing all benefits, making the right choices and accounting for any funds or benefits you receive. Our group can help you with:

  • SBA Loan Application Processing
  • Comprehensive Tax Relief Evaluation Covering All Components of the CARES Act
  • Cash Flow Projections and Tracking

A Few Items to Share

  • There are multiple programs. If you select one, you may not be eligible for another.
  • The Paycheck loans will need to be processed through your financial institution. As of today, most financial institutions are working as fast as they can to get set-up to process loan requests.
  • The loan can pay for up to 8 weeks of qualified payroll. For more information on the exceptions involved, contact Perry & Associates.
  • The loan can also be used for utilities, mortgage interest, rent payments, healthcare benefits, interest on existing debt.

Let Us Help

Please contact us with questions or to discuss your specific situation. We will help you through these difficult financial decisions.

(740) 373-0056

COVID-19 Updates

IRS Extends Deadline and Offers Payment Relief for COVID-19


We are committed to keeping you updated on all orders and notices that are provided from government officials as it pertains to taxes and business operations. 

The following three recent government announcements directly affect tax-related matters:

  • Tax Filing Extension
  • Payment Relief
  • Tax Credits for Paid Leave

Tax Filing Extension

On March 21, 2020 The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date has been extended from April 15, 2020 to July 15, 2020. This is an automatic extension for all taxpayers.

No additional forms must be filed for this extension. If, however, a tax-filing extension is still needed beyond July 15, the regular extension filing guidelines must be followed by filing Form 4868. 

The IRS is working hard to ensure that refunds are not affected for those that need these additional funds during this time. 

“Even with the filing deadline extended, we urge taxpayers who are owed refunds to file as soon as possible and file electronically,” said IRS Commissioner Chuck Rettig. “Filing electronically with direct deposit is the quickest way to get refunds. Although we are curtailing some operations during this period, the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds. As a federal agency vital to the overall operations of our country, we ask for your personal support, your understanding – and your patience. I’m incredibly proud of our employees as we navigate through numerous different challenges in this very rapidly changing environment.”

Payment Relief 

In conjunction with the filing deadline on July 15, payment relief has also been granted based upon the same due date. Payments, of any amount, owed to the IRS are not due until July 15, 2020. No penalties or interest will be owed upon the amount due if paid on or before July 15. This deferment applies to all taxpayers, including individuals, self-employed tax payers, trusts and estates, corporations and other non-corporate tax filers. 

Tax Credits for Paid Leave

Two new refundable payroll tax credits have been created in response to the financial strain the Coronavirus shutdowns have placed upon businesses. 

The Families First Coronavirus Response Act, signed by President Trump on March 18, 2020, allows small and midsize employers to begin taking advantage of this tax credit immediately. It allows for immediate reimbursement to employers, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. All American businesses with fewer than 500 employees will be provided funds to allow employees paid leave, either for the employee’s own health needs or to care for family members. For more detailed information concerning these refundable payroll tax credits, see the explanation from the IRS or call our office to speak to a tax accountant immediately. 

As always, Perry & Associates stands ready to help in whatever way we can. Call us for additional assistance – (740) 373-0056.

Find The Best Tax Preparer Near Me – Perry And Associates CPAs



How Can the Best Tax Preparers Near You Bring Value? 


With your W-2s or 1099s in hand, you are ready to think about filing your taxes for the previous year. But with a variety of options for filing, which one should you choose? 


Should you go-it-alone and file online through a digital software? 

What about trying out a walk-up tax retailer service? 

Should you rely on your search for the best tax preparers near me?


We understand the concern…you want to make sure you’re making a wise decision, both for your future financial protection but also for your current financial cost. At first glance, online tax preparation or walk-in tax services appear to save money. But there may be more to the picture than just a few dollars saved for the year. 


Other Benefits that Some of the Best Tax Preparers Near You Can Bring



  • Extensive Experience



CPAs vs Tax Preparation Chains

If you walk into a tax preparation chain, you may or may not actually get a Certified Personal Accountant to assist you. In fact, more often than not, you won’t. These walk-in services are designed to get as many tax returns through their doors in a day as possible. The preparers are usually seasonal, less trained employees capable of handling the basics, but not equipped to truly look at every angle for your return. 


Conversely, a CPA has to undergo at least 150 semester hours of education – on average – and they must pass a rigorous exam. They are also required to complete approximately 120 hours of continuing education every three years. As experts in tax code, their daily experience dealing with financial and managerial accounting and tax preparation positions them to provide you with the greatest return possible with the most protection. 


CPAs vs Digital Services

While digital services have extensive algorithms meant to ensure your taxes are well-prepared, the trajectory of your return is ultimately left up to you. This might be feasible if you have a relatively simple single-file return with no dependents, one W-2, and no abnormal circumstances, however, you may still miss out on some refund opportunities. 


Digital services can only learn so much about you through programmed questions and are simply unfit to anticipate certain circumstances. An in-person CPA can ask every question in the book, keep track of your financial activity from year to year to ensure you don’t pay any more than necessary, and make sure you are refunded as much as possible.



  • Deal with Complicated Situations



Let’s face it – life is rarely simple. Sometimes life comes with complicated tax preparation scenarios that might be difficult to figure out on your own. Here are some examples of scenarios you might want to take to a CPA instead of navigating alone: 


  • You recently inherited money or possessions 
  • You have an investment portfolio of over $200,000
  • You are divorced with children
  • You own a small business or are self-employed
  • You have a “side-hustle”, such as an Etsy shop, moonlighting as an Uber Driver, or renting out your home on Airbnb
  • You own rental properties
  • You have a large family with multiple forms of income (including being the parent of working dependents)


If any of these situations describe you, it is probably best to see a CPA near you for the best tax preparation services.  



  • Build a Lasting Relationship 



A good CPA isn’t only going to be there for you during tax season. Seeing a CPA can be the beginning of an important professional relationship that advises you on your path to financial security throughout all of life’s changes, both expected and unexpected. 


A CPA can give you advice year-round to help save on taxes, improve your investment strategies, advise on new business ventures, debt mitigation, property purchases and much more. 


So, I’m looking for the Best Tax Preparer Near Me. Where do I go?


For trustworthy tax preparation services in the Mid-Ohio Valley and surrounding areas, contact Perry and Associates at one of our five different locations. We strive to become partners in our clients’ financial lives. For both present needs and future goals, we are here for you!


Marietta, OH

740) 373-0056


Vienna, WV  

(304) 422-2203


St. Clairsville, OH 

(740) 695-1569


Wheeling, WV

(304) 232-1358


Cambridge, OH 

(740) 435-3417


young woman meeting with accountant looking over papers for tax preparation services

Things You Might Forget For Tax Preparation Services in Cambridge, OH | Perry & Associates

young woman meeting with accountant looking over papers for tax preparation services

5 Essential Things for Tax Preparation Services in Cambridge, OH


One of the challenges of tax preparation each year is remembering to bring the necessary documents that will allow your tax preparer to properly file your federal and state taxes. Inevitably, progress will pause when some important document is missing that you must hunt down. This year, come prepared with everything your tax preparation services in Cambridge, OH may need. 


We’ve provided a list of 5 items to make sure you have at your initial tax consultation. These may seem simple, but you’d be surprised how many times some of these are forgotten.


Headed in for Cambridge Tax Preparation Services? Don’t Forget These 5 Things

  • Personal Identification Information


This may seem like a given, but proof of identification can easily slip your mind when your focus is consumed with all of your tax papers! You will need Social Security Numbers for yourself, your spouse (if married), and anyone else you are claiming as a dependent on your taxes. You will also need all of their dates of birth, street addresses, and your driver’s license(s). 

  • All Income Statements


These are the most important documents to bring to any meeting with a local tax preparation service. While everyone remembers the W-2s, there are many other sources of income that may need to be reported.

  • W-2s from all employers that you, and your spouse, worked for during the past tax year
  • 1099-MISC forms if you or your spouse conducted contract work earning more than $600 in the past tax year
  • Interest income, dividend income, any income from selling stocks or bonds, and any foreign investment income for the past tax year
  • Rental property income for the past tax year
  • Any other miscellaneous income from prizes, gambling, jury duty, medical savings accounts etc.


  • Listing and Documentation of Expenses


You certainly will not want to forget the evidence of any of these! Also known as “itemized deductions”, these can significantly reduce your tax responsibility. 

  • Charitable Donations
  • Education Expenses
  • Property Tax
  • Real Estate Tax and Mortgage Interest
  • Medical Expenses
  • Unreimbursed job-related expenses
  • Job search or moving expenses
  • IRA Contributions
  • Childcare Costs


  • Previous Returns


Bringing returns from previous years can help your tax preparer in Cambridge, OH get your taxes done smoothly and as quickly as possible.This will help your accountant access information that they need in order to make certain calculations without the need to call you multiple times. 


  • Bank Account Information


Finally, if you want your refund to be directly deposited to your bank account, you will need your account number and routing number to give to your accountant.


Tax Preparation Services in Cambridge, OH


Nervous that you are still forgetting something? We can help you walk through the entire process. For trustworthy tax preparation services in Cambridge, OH, contact Perry and Associates at one of our five different locations. We strive to become partners in our clients’ financial lives. For both present needs and future goals, we are here for you!


313 Second St.

Marietta, OH 45750

Office: (740) 373-0056


1907 Grand Central Avenue

Vienna, WV  26105

Office: (304) 422-2203


150 West Main Street, Suite A

St. Clairsville, OH 43950

Office: (740) 695-1569


1310 Market St. Suite 300

Wheeling, WV 26003

Office: (304) 232-1358


749 Wheeling Ave, Suite 300

Cambridge, OH 43725

Office: (740) 435-3417

business owner in coffee roastery looking at financial accounting services on the computer

Accounting Services for Small Business – Perry & Associates

business owner in coffee roastery looking at financial accounting services on the computer

Does a Hustling Entrepreneur Really Need Professional Accounting Services?

You learn. You hustle. You sacrifice. And you do it all over again and again.

As a small business owner in the beginning stages of your startup, so many responsibilities scream for your attention, time and money that it’s hard to know how best to allocate your resources. Perhaps one of the most challenging resources to properly control in the beginning is your money. Most small business owners will purpose to do more work in order to save more money. 

Some of this time may be a reasonable trade-off when looking at a cost vs benefit analysis – painting your office instead of hiring it out, writing your own business plan, handling the marketing yourself. 

Business Professionals on Paying for Accounting Services

But distinct challenges can come when you choose to do for yourself things that will cost you greatly in the future. Business experts agree that professional accounting services shouldn’t be one of the areas where you take the do-it-yourself route. But perhaps you don’t quite see the value that accounting services can bring for your small business startup when you don’t have extensive business bookkeeping to track. 

Here are just a few of the ways that professional accounting services can help your startup gain stability even in the beginning years of uncertainty.


Determine Your Entity

Accounting services can help you in the selection and set up of your entity structure. It’s important to choose the entity that will best fit your business’s needs, both for current and future goals. An accounting firm will take your goals, industry and business model into consideration, finding you the entity structure that will provide the best legal protection and greatest tax benefits. 

Analyze Your Business Plan

An accounting firm can provide an expert analysis of the financial structure of your business plan, pointing out areas where you may have unrealistic expectations or faulty numbers. 

Train You in Accounting Procedures

An accountant can help you determine what accounting software would be the best fit for your business, while also providing advice for how to keep your affairs legal, organized and profitable.

Make Sure You are Compliant with Government Regulations

It’s important that your accounting procedures follow government regulations from the very start. Depending on the type of entity structure, you may need to keep specific records, have shareholder meetings and keep minutes for the meetings. A professional providing your accounting services can advise you on all the proper legal proceedings. 

The way you pay your employees and/or subcontractors must also follow guidelines. Not to mention your quarterly estimated tax payments that should be filed in order to prevent penalties and fees. 

Don’t Skimp on Professional Accounting Services

While the temptation is to rely on google and your own grit to determine the direction for all of these financial aspects, one small mistake can cost years of headache down the road. The wise entrepreneur will let professionals guide their financial affairs, leaving their time for growing and improving the business. 

With proper accounting services, your business can be positioned to move forward strategically, ready for whatever growth and opportunities come your way. 


If you’re ready to partner with a professional small business accountant that can guide and advise your business steps, call Perry & Associates today. 



What To Know About Form 1099-Misc – Perry & Associates


Need to File Form 1099-MISC?

Here’s what you need to know about the 1099-Misc form.


Today’s workplace has exploded with new norms. One of the rising trends in work roles that has warranted much attention from its growth in the past 10 years is freelancing. According to Score, freelancers now make up 36% of the U.S. workforce. Much of a freelancer’s work is done for and with small businesses. We applaud both the tenacity of the freelancers and the flexibility of the business owners to approach a different working model. 

However, it’s still important to take heed when handling the taxes for this type of working relationship. As a small business owner, you may have decided to hire out to freelancers because it decreases your tax liability and peripheral expenses. This is true. But that doesn’t mean you have no responsibility. 

The IRS requires you send a form 1099-MISC to all freelancers or subcontractors to whom you have paid money for most any type of services. 

Here are a few important facts to know about the 1099-MISC form that must be prepared by the company that has hired the freelancer or subcontractor. 


When is the Form 1099-MISC due?

You must have the form 1099-MISC properly filled out and delivered to the recipient by January 31, 2020. 


Who should receive a Form 1099-MISC?

While more explanation and exceptions exist, the short of it is any person or business to whom you paid $600 or more for services during 2019 should receive a Form 1099-MISC from you. But it’s important to note, this is only for non-employee compensation. Employee payroll is handled differently. 

According to the IRS, you must send a 1099-MISC form to non-employees to whom you have paid at least $600 or more for:

  • Rents
  • Services performed by someone who is not your employee
  • Prizes and awards
  • Other income payments
  • Medical and health care payments
  • Crop insurance proceeds
  • Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish
  • Payments to an attorney
  • Any fishing boat proceeds
  • Generally, the cash paid from a notional principal contract to an individual
  • Payments of royalties of $10 (notice, this is not $600) or more during the year


Where to get the 1099-MISC forms

You cannot simply download and print the 1099-MISC forms off the internet. The red ink used for Copy A is special and cannot be duplicated on your printer. You can get the forms from some office supply stores, the IRS, your accountant or most business tax software programs. 


How to prepare a form 1099-MISC 

The most important thing you must note for your 1099-MISC form preparation is that you must have a valid tax ID for that individual or business. This means you will need to get a W-9 form from each payee. This form will contain their name, address, and taxpayer ID. Amounts paid then must be filled in the corresponding box according to the type of service or sales they provided. 


How 1099-MISC forms are distributed

The 1099-MISC forms have multiple parts, and it’s important to know which one goes where.

  • Copy A is sent to the IRS.
  • Copy 1 is sent to the state tax department.
  • Copy B is for the payee.
  • Copy 2 is for the recipient to file with his/her state income tax return.
  • Copies B and 2 must be received by the payee no later than January 31.  


Notes about 1099-MISC forms

Make sure you have the correct 1099-MISC form that says 2019. In 2020, the form will be changing; for pay to independent contractors, you will use 1099-NEC form. But again, that will be for year 2020. 

As with all tax matters, it can be complicated. This article provides only a small snapshot of information for filling out your 1099-MISC forms. Always talk to a tax professional for your tax questions. 

At Perry & Associates, we can quickly and efficiently handle your form 1099-MISC filing. Give us a call today to set up your initial consultation to handle this and any other tax services you may need. 

(740) 373-0056

Pass Through Entity Explained – Perry & Associates

file folders with various names of pass-through entities

What Is A Pass-Through Entity?

As a business owner, you work hard for your money. It only goes to reason that you would work just as hard to keep it. 

Many small businesses come to us looking for ways to decrease taxes (legally!) and keep more of the spoils of their labor. 

While there are a variety of strategies that we can use to help business owners and investors decrease their tax liability, one of the foundational elements is the actual way that their business is taxed based upon the business structure.

Different entity structures are taxed in different ways. As your tax advisors, it’s our job to make sure you are utilizing the most beneficial structure for your business that gives you the best (and lowest) tax outcome. 

This is why a pass-through entity is one of the most common entity structures for small businesses. They tend to provide tax benefits that equate to less taxes. But despite their commonality, many business owners still have numerous questions about them. Here we’ll explore a few. 


So, what is a pass-through entity?

A pass-through entity is formed for the purpose of avoiding double-taxation. It is a special business structure by which you file your business with the IRS that later determines the way your business income is taxed. 


What are the benefits of a pass-through entity?

Pass-through entities don’t pay income taxes at the corporate level. The net income from the corporation or business is allocated among the entity’s owners, and then taxed based upon the individual owners’ level of taxation. 


Are there different types of pass-through entities?

The following business structures are all taxed as pass-through entities:


Sole Proprietorship: It is like it sounds…you are it. You are the only owner and the only one responsible for all profit, losses and responsibilities. All risks associated with the business debts and liabilities are attached directly to you as the individual, not the business.


Partnership: A partnership is any business owned by two or more people. There are both Limited Partnerships (LPs) and Limited Liability Partnerships (LLPs). While these are unique in structure from each other, remember that they are both taxed as pass-through entities.  


Limited Partnerships have one general partner that assumes all the risks of the business, including any liabilities, while the other partners have protection from business liabilities. Limited Liability Partnerships protect all partners from the business’s liabilities as well as from each other.

 Limited Liability Company (LLC): LLCs also provide limited liability to the members but are not a tax entity themselves, so they must be taxed either as a sole proprietor, partnership or as a corporation. Members of an LLC are considered self-employed and, as such, must pay self-employment taxes. 


S Corporation: S Corporations are still considered corporations, but do not suffer from the double taxation that C Corporations have. S Corporations allow business profit to pass directly through to the owners where that income will be taxed based upon the individual’s tax rate. 


At what rates do pass-through entities get taxed?

That’s one of the beauties of a pass-through entity. It avoids the corporate tax rate (and double taxation) and is taxed at the individual income tax rate.

IRS – Individual Income Tax Rates 2020:

37% for incomes over $518,400 ($622,050 for married couples filing jointly)

35% for incomes over $207,350 ($414,700 for married couples filing jointly)

32% for incomes over $163,300 ($326,600 for married couples filing jointly)

24% for incomes over $85,525 ($171,050 for married couples filing jointly)

22% for incomes over $40,125 ($80,250 for married couples filing jointly)

12% for incomes over $9,875 ($19,750 for married couples filing jointly)


Are there other taxes for a pass-through entity?

Remember that you may still have to pay state and local taxes, depending on the state in which you live. This would include state income tax, property tax and sales tax. 


How do I know if I should have a pass-through entity?

If you are making this decision on your own, we would advise you to do hours of thorough research, ensuring you fully understand all the legalities and conditions associated with each entity. 


However, it’s always best to discuss these decisions with a certified tax professional as they will understand much more about your tax situation than you will. In the end, they will save you money, not cost it. 


Call Perry & Associates today to start on your road to tax savings and more business opportunities.


female accountant smiling at colleague during accounting firm meeting

Find Accounting Firms Near Me – Perry & Associates

female accountant smiling at colleague during accounting firm meeting

Help! I Need to Find Reliable Accounting Firms Near Me!

Whether you’re in need of complicated financial services, or just reliable accounting advice, finding a firm you can work with and trust is a must. Professional accounting firms can help give you peace of mind for your small business or even for your personal accounting. Finding the best accounting firm near you will be helpful for meeting all of your accounting and tax needs.

How do I find the best accounting firm near me?

If you’re wondering, “How do I find a reputable accounting firm near me?” there are several specific options to consider:

  1. Ask for referrals from your professional network.
  2. Consult the American Institute of Certified Public Accountants directory.
  3. Consider how much experience they have in your particular industry, as well as how much experience they have in the areas that you will need assistance, such as taxes, small business loans, etc.
  4. Find out how the accountant bills for services, and find out upfront what types of fees will be included. Don’t forget to ask about things that you may not even expect, such as dealing with an IRS audit, so that you won’t be surprised if the time comes.
  5. Discuss the availability of your accountant, and how they prefer to communicate.


How Will I Know if I Should Find An Accounting Firm Near Me To Assist?

You might wonder if you even need an accountant. After all, there are a variety of resources and apps available that might be cheaper. But will these resources be available for reliable advice and consulting? And will these apps give you all of the information that you need, exactly when you need it? 

Working one-on-one with an accounting firm you trust will help you avoid mistakes and position your business and/or finances for success from the start. Here are just a few of the situations that might indicate the need for an accountant:

Starting a Small Business: As a new entrepreneur, an accountant can work with you as you create your business plan, give you pointers for managing your business’s finances, and give you a solid start to your financial roadmap.

Creating Your Legal Structure: A good accountant can give you perspective on the financial aspects of structuring your entity in different ways. Should you incorporate, become a Limited Liability Company (LLC), a sole proprietorship, partnership, etc.?

Audits: If you or your business are facing an audit with the IRS, having an accountant is almost imperative. They can help you walk through the auditing process, organize your affairs, ensure all legalities are followed and give you suggestions on best practices moving forward. 

Rapid Business Growth: Having a business accountant on hand will be extremely beneficial if you find that your small business has become very successful and money is flowing well. Keeping track of your vendors, employees, payroll, and accounts receivable and payable can become a chaotic venture without proper management. Your accounting firm can help you keep more of the revenue that you’re earning by helping you better track your expenses.

Small Business Loans: Accounting firms can help you prepare the right detailed financial information that your potential lender will want to see. They’ll help answer your lender’s questions about your financials and revenue projections. They’ll advise on interest rates and loan terms & conditions. And their presence in your business plan shows the lender that you’re serious about your business.

Buying or Selling a Business: Interested in buying a business? Be sure to have an accountant scrutinize the business’s financials to determine if the projected revenue is accurate. An account will be able to tell you the current value of the company and its assets, as well as any potential outstanding debt that may become yours. 

On the flip side…when it comes to selling your business, accountants help ensure that your financial records are on track and up to date, showing your business’s true value to potential buyers.   

Tax Services: If you need assistance with taxes, personal or business, professional accountants are well versed and up-to-date in the ever-changing tax laws and regulations, keeping you from making costly mistakes. A good accountant will also look for any available tax credits and/or deductions that you may be missing, helping you put money back in your pocket. Ask yourself “Is this accounting firm near me going to be proactive at saving me money?”


In the end, it’s always better to have an expert on your side. If in doubt…at least take the step to talk to a CPA to determine how and if they can benefit you. 

For more information on our various accounting services, give Perry & Associates a call at 740-373-0056.