5 Essential Tips to Finding a Good Accountant

If you have a relatively new and small business, you are going to need an accountant. Nobody likes paying taxes, but unfortunately, it has to be done. So, how are you going to find the perfect accountant to help you with your business needs? You may have used a friend who was good at doing taxes, but if you really want to save and know the ins and outs (or appear to know them), then a good accountant can definitely help. Here are some ways to finding your perfect accountant.

1. Referrals

This is a tried and tested method. If friends and acquaintances refer someone, it means they are happy with the service they received. That being said, it’s likely that you will be too. Word of mouth is a powerful way to gain (or lose) business. When you meet or speak with your accountant for the first time and tell him or her that “Steve recommended you”, chances are that the accountant will do what it takes to give you the best service.

2. What Are Your Business Needs?

You need to ask yourself what exactly it is you’re looking for. Do you require an accountant’s services basically for tax purposes, or do you need someone who can offer you sound financial advice to make better decisions as well, as your business grows? Many business owners actually adopt the latter. Accountants can offer advice on a variety of things, including franchise agreements or leases.

3. Look At Qualifications

You want to hire either a CA (Chartered Accountant) or a CMA (Certified Management Accountant). They will be able to advise you on business matters, they will have a strong financial background and they can integrate accounting with management skills as well. They can help your business grow and succeed.

4. Do You Like Them?

This may appear at first glance to be unimportant, but if you don’t particularly like someone, it can be hard to get along. Remember, this is meant to be a long relationship. Make sure you’re comfortable with the accountant, or choose another.

5. Ask For References

Try to get the names of other clients and companies. Contact them and find out if they are happy and would recommend the accountant’s services. You can also get in touch with professional associations to see if there have been any issues, such as complaints or disciplinary action, that have been taken against the particular accountant.

Ask them what (and how) they charge for their services. Also, make sure to ask (don’t be shy) if the accountant will treat you like a priority and make time for you. If you need advice, it has to be timely and you should not have to wait ages.

Take your time to find one and when you’re happy that they “tick all your boxes”, then go ahead and use their services.