February 13, 2020
Tips to choose an accountant for your small business
Whatever industry category your small business falls into, you cannot understate the value of a good accountant.
You can get a bookkeeper for basic accounting services, an accountant who has a degree in accounting for more complicated accounting and payroll services, or a certified public accountant who can help with tax planning and also prepare taxes. All of these people can share strategic advice for business growth.
If you run a small business, you need to hire a reliable accountant. But you need to do the required research to get a good fit. Here are ten tips that will help you choose an accountant for your small business.
01.
Know What You Need
But before you choose an accountant, you need first to understand the kind of work or responsibilities you want the accountant to handle for your business. If you need monthly financial statements and bookkeeping tasks, a non-certified accountant or bookkeeper can be hired. But to get tax planning advice, tax returns prepared, or audited financial statements, you need a CPA or certified public accountant.
02.
Look For Small Business Experience
You need someone who works with small businesses, and it could also be a bonus if the accountant works with businesses in your industry. While working for clients from a specific industry for a long time, some accountants get to know the related challenges very well. If the accountant has been dealing with several clients like you, he/she can guide you well about making the right financial decisions for the growth of your company.
03.
Decide Whether You Need an Accountant or a CPA Firm
Many small business owners start by managing their taxes on their own. Unlike the past, it has become much easier for business owners to do simple bookkeeping tasks with the help of advanced software like QuickBooks, Xero, Sage, and similar others.
But after a certain point in time, it does make sense to hire a professional or a team of accountants to handle accounting, payroll, and tax responsibilities. Whether you need a CPA or a solo accounting firm depends on the scale of your business and the number of transaction you do per month.
A & R Bookkeeping and Tax Services Will Help Grow Your Small Business
An accountant is a key team member in your business. You need someone who is experienced, reliable, and ready to be there for you whenever a need arises. They will not only manage the accounting tasks but also offer practical business advice to support your business planning and growth. If you choose an accountant based on these tips, you reduce your risk of making the wrong choice for your company.
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