Now that you’ve decided to hire an accountant, it’s important to hire the right one for your business. This is the person who will handle your financials, so making the right decision is crucial. Before you sign anything, take a look at these five tips to hiring the right accountant for you.
Location: Before you start your search, you need to consider if it’s necessary to have an accountant in the same city as your business. With cloud-based programs, we’re able to interact and do business in real time with people across the country without leaving our desks. This works great for some and gives you a lot more options to consider when choosing a person to handle your finances. If it’s more important to you to have someone you can speak with face to face, then you should stick to your general vicinity.
Qualification: As you read before, sometimes a bookkeeper as all you need, but if you’re expecting business growth, then it’s better to hire the right accountant in the beginning rather than down the road. CPAs, or Certified Public Accountants, must pass the Uniform CPA exam and continue education in order to maintain their certification. If you end up getting audited, you want a Certified Public Accountant on your side.
Expertise: You want someone who has had experience working with your industry and is knowledgeable about the needs of your business. Interview them and consider multiple accountants. Ask them if they’ve worked within your industry and how their work has impacted similar companies. Meet our team to learn about our areas of expertise.
Workload: If you own a company with employees, your needs will drastically vary from the needs of a sole-proprietor. The accountant you hire needs to be able to handle the work load. The last thing you want is payroll to be late because they haven’t gotten to it yet. Ask them for a client list and compare the sizes between yourself and their current clients. If they’ve worked with larger companies than yours then there is a good chance that they will be able to handle your needs.
Money saver: You want a financial advisor who will work to save you money. They may have insight into your business finances that you’ve never considered. Ask them what they would recommend, or what you can do to get a lower tax rate. Maybe they have an easy way for you to track your mileage. Make sure to ask this of each accountant you interview.
Hiring an accountant gives you the chance to focus on your business and not on bookkeeping. It’s important to take your time and pick the right one. After narrowing your options, do a background check, and pick the one that meets the criteria, and is an accountant you trust.