A recent article, How to Find the Best Accountant for Your Small Business, by Brian Sutter, believes that an accountant is one of the most important aides for a small business. An accountant is basically your business’s financial partner—closely involved in your daily operations, advises you on financial decisions, guides your business path, explains financial reports to you, and other critical tasks that keep your business thriving.
Below are a few things to consider when choosing an accountant for your small business.
Request referrals from people in your network or with other SMB professionals. You can also search LinkedIn for accountants with high recommendations. Once you find an accountant you’re interested in, consider conducting a personal background check and contact the people who recommended them.
Interview your accountant (preferably CPA)
Make a list of questions ahead of time. Include questions about how they plan to help manage your budget and finances and ask them to provide specific examples. Remember that their personality is important too. The information you will be disclosing and sharing with them is very confidential and delicate to your business. You need to be confident that you can depend on them and maintain a positive working relationship.
Provide clear expectations and job details
Usually, small businesses don’t need a full-service accountant. It’s advisable to decide early on what you expect your accountant to handle. Be sure that there is a clear division between tasks that you will handle and tasks that you need your accountant to undertake.
Negotiate fees and ask for quote
During the interview process, be sure to get each accountant’s quote in writing, so you can compare them later.
Choosing the right accountant is essential for your business’ growth. Not only can you depend on them to take care of your taxes, you can also trust them as a financial advisor and planner. A good accountant can help you make money-saving decisions. A great way to save money is by considering using a virtual or shared office space. YourOffice offers you a wide choice of office and workspace solutions: virtual office space, meeting room access, and coworking office space. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.