How to choose a good accountant
Find the right person to carry the books of your business and be your adviser on business matters.
For most entrepreneurs and owners of small or medium enterprise (SME), an accountant is someone who, in addition to carrying the books, is their adviser and confidant to their on business matters.
Therefore, it is important to find a person who is not only a good professional, but also generate confidence in you. It can be said that choosing the ideal candidate is not a small matter. Some entrepreneurs start searching through referrals by other owners, especially those whose business operates in the same industry. So make sure you are speaking with a professional that is successful in their sector.
The first recommendation is to hire the services of an accountant before starting your business operations. If you do not have a special budget full time to integrate your team, the best option is an outsider (via outsourcing) to handle your affairs from their office. A good accountant should be entitled and be independent, i.e. not having a permanent position in a company. The goal is that they are at your disposal and always on the lookout for tax moves and reports either in person, by telephone or email.
The functions of an accountant include: the completion of a ‘pipeline’ (like getting a license or permission), to keep abreast with respect to changes in tax laws, advise you to make the monthly and annual statements, being the liaison with various government agencies, and advise prior to purchase of machinery or equipment, among other tasks.
All independent accountants should be knowledgeable in the area of sales, finance, administration, and a master of accounting and tax issues, and issues related to public and staff relations. Of course, in addition, they should be able to give useful advice to the business owner to leave the company on track by creating consistent future scenarios.
It’s also important to make sure your questions and issues relate to the business of your company. If you are a furniture manufacturer for example, your tax issues are likely to be very different to those of a restaurateur or a dentist. If you already have some candidates in mind, it’s ideal to go and talk with them. When you have found the right person, the first thing to do is to become familiar with the operations of your business.
To begin with, understand the amount of turnover, the number of employees that make up your team and explain the type of operations that are commonly performed. Understand more about the accountant’s assigned workload, and of course discuss their fees and services. A good accountant is not one who charges a lot, but who knows how to provide advice and takes advantage of electronic means such as tax software. This will no doubt simplify your work. Finally, do not forget that communication is vital to avoid financial problems your business. Talk to your accountant constantly and understand what they should expect from you. For more expert information, visit us today The Cheap Accountant.