As a business owner, you might never realize how important it is to hire the best accountant for your business until you end up with an accountant who fails to meet expectations. Perhaps the most important factor you need to consider before hiring an accountant is why you need one in the first place.
What can an account do for me and how should I hire one?
While there are a host of accounting things you can do for yourself, a professional accountant is an important person in your business as he or she will do more than simply write books and prepare your tax returns. In fact, a good accountant will be an integral part of your business and will be as interested in its growth as you are. For this reason, you have to know the exact reasons why you need an accountant. If the person you intend to hire is going to perform only routine jobs that can be done by another member of your staff, perhaps you should avoid the expense.
An accountant will only be good enough for your business if he or she understands the nature of your business. For this reason, the search for the best accountant for your business should begin with referrals from people with an intimate knowledge of your business. Such people include your insurers, your lawyers as well as your bankers. Even more critically, obtain the recommendations of people in similar businesses as yourself. Learning from the experiences of others could save you valuable time and also guarantee that you get an accountant who will be good enough for your business.
Interview before hiring
Regardless of the recommendations you have received from other people, the best way to confirm that you are hiring the best accountant for your business is by conducting an interview. There are very intimate details about the personality traits of your potential accountant that can only emerge during a face-to-face interview.
During the interview, find out the other clients your potential accountant could have served and the kind of accounting software they use. At the interview too, discuss your firm’s special needs and find out if the accountant is able to address them. Even more importantly, ask the accountant to provide you with a list of clients he or she is representing currently. If your potential accountant is a person truly worth hiring, he or she will be more than willing to provide a list of referees.