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re: Recommendations on Accountant
Posted on 4/20/10 at 11:22 am to LSUSVM02
Posted on 4/20/10 at 11:22 am to LSUSVM02
You might consider hiring an LSU accounting student and use your current CPA to guide the student as needed. My experience is that few bookkeepers have the skills to oversee the payroll function when 401(k) plans are involved. While an LSU student would also lack those skills they would be more likely to learn the requirements and avoid any costly mistakes.
Please discuss this option with your CPA. He may like the idea of mentoring an intern, and you may find yourself a potential full time accountant should your businesses grow.
Please discuss this option with your CPA. He may like the idea of mentoring an intern, and you may find yourself a potential full time accountant should your businesses grow.
Posted on 4/20/10 at 11:35 am to Poodlebrain
quote:
You might consider hiring an LSU accounting student and use your current CPA to guide the student as needed. My experience is that few bookkeepers have the skills to oversee the payroll function when 401(k) plans are involved. While an LSU student would also lack those skills they would be more likely to learn the requirements and avoid any costly mistakes.
Please discuss this option with your CPA. He may like the idea of mentoring an intern, and you may find yourself a potential full time accountant should your businesses grow.
This is how I started. It provides a great schedule for students. They can come in and work 3-4 hours a day.
However, the company I worked for never grew large enough to necessitate a full time accountant. The company was capable of paying me half of what they would pay an experienced bookkeeper.
The only thing he asked me was to give him a couple of months notice when I graduated and decided to leave, so I could train a new hire.
Posted on 4/20/10 at 4:57 pm to Poodlebrain
quote:
You might consider hiring an LSU accounting student
Poodle, when I first read this part I was scratching my head wondering why anyone would do this. But when I read the rest of your post it made perfect sense.
I would think this sort of arrangement depends on good communication between the CPA and the firm and the student. You'd need a CPA willing to make the time, be available, etc. and so the choice of mentor would be more important than the student. That said, it sounds like a great idea if that can be done.
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