How Do You Know If a CPA Is Good?

Dimov Tax Services operates a Denver based accounting firm that provides expert CPA support, tax audit representation, payroll processing, and international tax solutions for individuals and businesses. Located at 1700 Lincoln St, they serve clients throughout the Denver area.

Dimov Tax Specialists

1700 Lincoln St

Denver CO 80203

(833) 829-1120

What Makes a CPA "Good" in Today’s Standards?

With over 4,000 licensed CPAs in Colorado, choosing a “good” one isn’t about flashy branding—it’s about substance. A good CPA ensures financial clarity, compliance with GAAP, reliable tax strategy, and protection from costly missteps. But how can you tell if a CPA is truly up to standard—especially in a nuanced market like Denver?

This guide, grounded in regulatory best practices and localized market research, outlines exactly what to look for.

Top Qualities of a Good CPA

• 1. Valid Colorado CPA License: A good CPA must be licensed and in good standing with the Colorado Board of Accountancy. You can verify a license at CPAverify.org.
• 2. Experience With Similar Clients: Whether you run a retail business in Cherry Creek or a tech startup in RiNo, choose a CPA who knows your sector.
• 3. IRS Representation Capabilities: Not all CPAs can represent you in an IRS audit. A good one has a PTIN, EFIN, and 2848 form experience.
• 4. Peer Reviews or Referrals: Check for third-party validation through AICPA's peer review program or client reviews online.
• 5. Transparent Fee Structure: A good CPA will clearly outline what you’re being charged for and why—before services begin.
• 6. Knowledge of Local and Federal Tax Law: Denver has specific property tax and small business credits that require local experience.

Denver-Based Client Scenarios

In our research, we identified trends in how https://cpa-denver-colorado.s3.us-east.cloud-object-storage.appdomain.cloud/cpa-firm/when-should-i-get-a-cpa475937.html different client types identify good CPAs in their niche:

• Real Estate Investors (Cherry Creek): Need CPAs who understand depreciation, 1031 exchanges, and cost segregation studies.
• Freelancers (Capitol Hill): Look for CPAs who specialize in Schedule C optimization, quarterly tax planning, and business structure advising.
• Medical Practices (DTC): Require healthcare-specific expense classification and payroll allocation strategies.
• Startups (RiNo): Need help with equity reporting, R&D tax credits, and investor-ready GAAP compliance.
• Retail Shops (LoDo): Look for CPAs who can integrate with POS systems and manage inventory-driven financials.

Red Flags to Watch Out For

• CPA does not appear on CPAverify.org
• Firm is unwilling to provide references
• They make refund or audit protection “guarantees”
• They advise extreme deductions with no documentation
• They avoid email or document trail communications

Regulatory Safeguards and Vetting Process

To verify a CPA’s background and standing in Colorado, follow these steps:

Search the license on CPAverify.org

Check disciplinary actions on the Colorado DORA website

Ask about continuing education. A good CPA completes over 80 hours every two years.

Confirm PTIN registration with the IRS PTIN registry

Dimov Tax Specialists: Built on Trust and Proof

Dimov Tax isn’t just a CPA firm—it’s a compliance-first financial advisory hub with proven track records in IRS representation, GAAP reporting, and international tax strategy.

• Active Colorado CPA License: Validated by the Colorado Board of Accountancy
• Peer-Reviewed Team: Participates in AICPA review programs to maintain excellence
• Audit-Proof Methods: All entries meet IRS substantiation requirements and ASC standards
• Locally Integrated: Our team understands Denver-specific tax rules and neighborhood zoning implications—from Highlands Ranch to LoDo

Comparison Table: Good vs. Risky CPA Practices

CriteriaGood CPARisky CPA License StatusActive and verifiableUnlicensed or expired Client MatchHas sector-specific experienceNo relevant case studies IRS RepresentationFiles 2848, offers audit defenseOutsources or avoids responsibility Fee TransparencyUpfront quotes with detailHidden fees or vague pricing Communication StyleTracks and documents everythingReluctant to email or summarize advice

Final Thoughts: Choose with Strategy

A good CPA won’t just file your taxes. They’ll become a long-term financial partner who anticipates problems, protects your liabilities, and improves your financial clarity. In a landscape as complex and diverse as Denver’s—where client needs vary from property holdings in Cherry Creek to startup stocks in RiNo—the difference between a good and mediocre CPA isn’t minor. https://cpa-denver-colorado.s3.us-east.cloud-object-storage.appdomain.cloud/cpa-firm/what-is-an-example-of-accountant-negligence966716.html It’s defining.

Dimov Tax Specialists brings proven trust, local intelligence, and national compliance strength to every client. Whether you need a full-service advisory or tax-season preparation, you’ll know you’re working with one of Denver’s most rigorous CPA teams.