6 Things to Consider When Hiring an Accounting Firm
Do you need help preparing your annual taxes? Accountants simplify the process while finding you the best deductibles.
Hiring an accountant is tricky if you have never done it before. Just like hiring any other outsourced skill set, you might not have that experience yourself. Hiring an accountant agency or firm can shave hours off your working life when it comes to tax time. Not only that, but they also make it easier to spot any tax breaks, loopholes, or deductibles on your behalf.
The 6 Things to Think About Before You Hire an Accountant
Use these points as a guide before you hire an accountant.
Look for Certification or Chartered Status
Depending on where you live in the world, accountants will have certification or chartered status based on their skills. When hiring, choose an Accountant which has the relevant certification for your country. Also, look at what their qualifications are. You should be able to recognize the names of the big accountancy schools in your area. The University of Texas, for example, are renowned as one of the best accountancy schools in the states.
Look at Reviews
The modern world allows us to share reviews with others based on a good or negative experience with a company. Accountants are no different to other businesses. Check what past customers have to say about them using sites like Trustpilot. You can read the online testimonials on the company’s website too.
Another great thing to ask any potential accountant before you hire them is how much experience they or members of their firm have with your type of work. Do you just need them for a tax return, or will this be an ongoing corporate partnership? Does a small business have the accounting staff on hand to cater to the demands of your large organization? Would you get a more personable experience if you chose a smaller firm?
Local is Not Always Best
Just because you come from a small town and that small town only has one accountant, doesn’t mean that accountant is the best one for the job. They may not have experience in your area of industry. They might not be able to handle your workload or cater to the size of your company. Shopping locally is great but not if it forces you into a situation, you are uncomfortable with. Shop around, compare experiences, and look for an accountant that suits you.
Word of Mouth
If you do a lot of networking in your line of work, there is no reason why you can’t ask collaborators what accountancy firm they are using. You can compare notes with others on the service they provide, and then choose based on what your social circle suggests. Good accountants rely on good service to make that word-of-mouth business go further.
Consider the Tech
A wise clue as to how successful a firm is lies in the software they use to do its accounting. Excel is basic, but there are certain systems that should throw up red flags. If the tech is an app meant for single business owners to use, the accountants may not have the experience you need.
Accountants Make Life Easier
Put simply: accountants make life easier, especially for those who struggle with numbers. Hiring one is not difficult if you follow our advice.