How to Choose the Right Accountant
We all want money back at the end of the year (or at least we don’t want to have to pay an arm and a leg), and a lot of that depends on what accountant you choose to guide you along tax season. An accountant should be an important member in your business, offering support and advice in terms of planning and growth, so it’s crucial to pick someone who is going to be proactive, know your industry and aspirations, and help prevent any surprising bills along the way.
When shopping for the right accountant, take your time and be selective. Once you find the right fit, it’s a relationship that will last for years, so don’t be afraid to ask questions and be specific with your needs.
Firstly, there are multiple types of accountants, so take a moment to examine your needs so you are aware which type will work best for you, whether it’s a bookkeeper that helps with basic accounting services like payroll, or a CPA (certified public accountant) who will guide you along the entire ongoing tax process (yes, even after Tax Day).
Next, hire someone who has experience in your industry. If you own a small taco shop, you’re going to want to select someone who has worked with other small restaurants before. Hiring a large accounting firm may seem easy, but they’re not going to be able to give you the individualized attention you desire, nor are they going to care that you make the best darn tacos in town… and you deserve that recognition! A good rule of thumb is to ask around to like-minded businesses and find an accountant they trust. Word of mouth is usually better than Yelp, although a good testimonial via LinkedIn will also do the trick!
Once you find someone you vibe with, compare their fees to other firms. Do they charge a monthly retainer, a flat fee, or an annual fee? Do they charge by the service? Analyzing your budget and setting up a phone call with the prospective accountant will ensure there are no hidden fees down the road.
It’s also a good idea to ask what software programs and technology your prospective accountant is using. Are they up-to-date with the latest and greatest, or are they still booting up AOL from a massive desktop? While you want experience, you also need someone who is in touch with current trends and shifts that will be able to put in the time and energy to get you the best return on your investment.
Keep these tips in mind when you’re looking to expand your team with an accountant, and you’ll be pleased with the amount of help and expertise they will bring to the (taco) table.