Here are a list of questions to ensure you find a great accountant to fit your needs!
How long have you been in business?
A good accountant can make your business flourish. Someone who has been in practice longer has had more time to encounter unique problems that you may run into as well.
How do you communicate with your clients?
Face to face meetings, emails, etc. What best fits your needs and do they work as a good fit for you based on how they plan to communicate with you.
How many people will handle my account?
Building report with a single accountant builds trust between you and that person. Having to jump around to multiple accountants within a firm makes this a harder task.
How do you calculate your fees?
Each firm differs on how they bill clients. Some do it by hour, some will bill at a fixed fee. Being clear upfront will on how they bill you will eliminate any surprises in the future that might damage your relationship with your firm.
What specifically in my field is a challenge?
Having an accountant who is familiar with the particular challenges that businesses face in your field is a great asset. It also shows how inept the firm is at analyzing risk.
What services do you provide?
Accounting firms do more than just taxes. Some firms can do your bookkeeping, payroll, and taxes. When looking for an accountant as yourself if these services can benefit you.
How much of your time can I expect?
Some accountants limit their services to just peak tax time. While some firms stay open year round. You would like to find a firm that operates year round ideally. Since you are not their only client knowing about how fast they might be able to get back to you if something is urgent would be a good question to ask.
How can you help me improve my cash flow?
Maintaining a positive cash flow can be a nightmare. Keeping positive cash flow is important to growth. Finding an accountant who can help you to understand your cash flow and analyze problems could help your business immensely.
How well can they communicate with you?
This is a question to ask yourself. Since accounting has its own jargon that accountants are used to using. How well do you feel that your accountant can explain to you in layman's terms and be effective in communication.
How do they stay current?
Tax codes change. Make sure to find a firm that is current and familiar with the tax codes. Beyond that, a firm that is constantly learning will also be able to bring new ideas to your business.
7/30/2019 02:23:26 pm
Thanks for mentioning how you should ask an accountant how much time you can expect from them. My sister is in the need of an accountant this year. I'll keep this article in mind as I help my sister find a professional.
10/30/2019 01:14:54 pm
I like your idea to how well they can communicate with us. My brother needs to find a CPA to do the tax accounting for his business. Your suggested questions should help him find the right accounting service to hire!
6/17/2020 02:20:09 am
This was very helpful!
8/24/2020 03:21:46 am
This is such a nice blog on the 10 questions to ask your future accountant. I enjoyed reading this article as it provided me lots of information regarding it. I like the way they have researched and presented it in front of us. I agree with all your points that you have stated here, love this blog. Well, I have visited another site stuartsnowaccounting.co.nz/small-business-accountant/ having some wonderful and similar information.
3/29/2021 05:18:07 pm
Thanks for the advice of what to ask your accountant. I would like to find someone that has a good consulting firm. That way, I would know that they run a safe business.
8/26/2022 05:14:17 am
Here are some things to consider first since you should take your time and do this well. Considerations include where the accountant will be located, how the workload will be divided, and the type of accounting software you'll use. Consider the expense of hiring an accountant and whether they might help you reduce your company taxes. A knowledgeable, seasoned person managing one of the most important aspects of your business—your money—will be beneficial to your company. If you make the right hiring, you'll save time and money again and over again. So, the following are some things to consider while choosing an accountant.
12/14/2022 01:49:19 pm
It was helpful when you said to consider their communication skills. My cousin was at my house yesterday afternoon for lunch, and she talked about how she needs to hire an accountant for her office since she needs to find the time to focus on other things besides finances. I'll pass this information along to her so she can know how to find a good accountant.
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The Pathways Team