Searching for the right accountant for your business is not as simple as it may seem. Here are some tips to help you find the right accountant:
1. Check their credentials
Don’t hesitate to do this. You can use LinkedIn to verify your accountant’s qualification or find out if they are members of professional associations like the Institute of Chartered Accountants.
By looking at your accountant’s qualifications, you learn of their expertise and you gain peace of mind knowing the right people are taking care of your business’ accounting needs. Doing this also gives you the chance to gauge whether they are the right fit for your business.
2. Make the right enquiries
Choose the accountant who will strive to know your business’ particular needs.
First, ask technical questions while evaluating the accountant, so you can assess their answers and accordingly to help you in determining whether they are suited for your business.
Second, find out their past experience working for related businesses. Accountants work with various businesses throughout a broad range of industries, but some accountants will be more knowledgeable and proficient with certain types of business and be more capable than others to help you.
The accountant you need may be one who is experienced in Self-Managed Super Funds, or one who is an expert in the Building and Construction industry. Making the right enquiries will take you a step closer towards finding the accountant that fits your business.
Being proactive is an important ingredient in making your business successful, and it is the same case for your accountant.
Reliable accountants take a proactive approach to business, allowing them to always be three steps ahead. Aside from being a great asset for your business, a proactive accountant frees up your time to pay attention to other parts of your business expansion and ultimately provides you more time to reach your business targets.
Here’s how to know if your accountant is proactive:
First, ask technical questions and evaluate their answers. Second, check out client testimonials. This is a good way to gain insight on what their past and existing clients are saying about them.
4. Evaluate their rates
Find out upfront the rates for the services they will be providing to you. It is important to note that exorbitant fees don’t always mean quality. Some accountants charge a fixed rate. Surprise bills are the last thing you want or need. It is essential to set the right budget for your business, and feeling content with the accountant you’ve chosen can depend on the degree of transparency around rates for services provided.
Thus when searching for an accounting company, don’t forget to: find out their credentials and memberships; make the right enquiries; take a proactive approach; and ask about their rates so you won’t be surprised by hidden charges.
These tips can help in your search for the right accountant for your business and make your more prepared in picking the accountant that fits you and your business.
If you are looking for a partner to help you run your business, then you’d be satisfied working with PJS Accountants. We offer a full range of services, including tax planning and compliance, accounting and SMSF services, and bookkeeping. For enquiries, contact PJS Accountants.