Selecting the right accountant may be a breeze for those who aren’t expecting much from their accountant. After all, if all you need is someone who can manage your finances and keep track of your income and outgoings and fix your tax returns every year, then it wouldn’t be too difficult to find someone who has enough skills to take care of these things for you. But if you want more from your chosen accountant – if you want someone who can give you the proper advice on major investment decisions, for example, or if you want someone who can take care of auditing for your business – then you need someone who has the right skills and qualifications for this as well. But what other aspects go into choosing the right accountant? Here are the top three aspects you should remember before choosing an accountant.
- Consider someone who can help you save
Of course, there are accountants who can perform the most basic of functions, doing little more than managing your financial records and keeping your records up to date. But if you want the best accountant, you may want someone who is more proactive. By this, we mean someone who is more proactive when it comes to saving money for your business. For example, can your accountant give you recommendations on what portion of your operating expenses you can offset against your taxes? If you are a consultant or a sole trader, would you be able to offset a portion or percentage of your telephone bill, your transportation expenses, or even your mortgage or rent payments? If your accountant can give you recommendations on how you can proactively save money for your business, this is already a point in their favour.
- Meet more than one before making a decision
Haste makes waste, so when making a decision regarding which accountant to choose, it pays to be conscious and deliberate in your actions, as an experienced accountancy firm like www.gsmaccountants.co.uk attests. And this means setting up meetings with more than one candidate so you can get to know your options. Compare accountants so you can more easily determine who is the right fit for your needs. With an interview – whether it’s face to face or through a video call – you can see how well you may be able to work with your accountant. Better yet, set up a series of meetings – this will not only help you decide on the ideal accountant; it can also give you free advice if the accountants you meet have recommendations regarding the financial management of your business.
- Trust your instincts
If you are running your own enterprise, you may already have developed an instinct for business and have a more fine-tuned sense of what will work for your business – or not. In other words, trust your instincts. It’s your subconscious mind telling you what you should be wary of, and it’s a powerful tool to ascertain whether someone is a good fit for your enterprise. When you meet your prospective accountant, listen to your intuition. Do you see yourself working closely with them without any issues? Do they seem to be the right fit for your needs? More importantly, do you see yourself trusting this person with your business’ most intimate and confidential details? If you think the answers are yes, then it may well be a great choice.
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