How to Choose an Accountant for Your Small Business
Jan. 16, 2006
Just because you own a small business, it doesn't mean that you know everything (or anything at all) about accounting. Therefore, it's very common, and often recommended that you seek the help of a professional accountants services, a CPA, to assist you with your finances; especially at tax time.
However, it's important to know that CPAs can do a lot for you other than just your taxes every year. They're also great resources for advice for your accounting systems, as well as your planning financially, for your retirement, for your estate, and yes, for your taxes. Consider your accountant a member of your small bushiness professional team, just like your lawyer and your banker.
When looking for an accountant for your business, begin by finding some recommendations through places such as other business owners, or even the Chamber of Commerce.
Once you have a few options lined up, you should always practice the 60% rule. This means that you should always find a CPA whose business is made up at least 60% of businesses just like yours. That way, you can be sure that the accountant is very familiar with the latest laws and regulations regarding your situation, because that's what he or she does all the time.
Make sure that you don't just hire an accountant without first having an interview with him or her. The interview doesn't need to be long or formal, but it should include the following questions:
After the interview, make sure that you know the rates of the accountant and understand what is included within those rates. If they have a price list or a rate chart, make sure that you get your own copy of it.
Be certain that you know what type of computer program they prefer that you use in order to keep your records and why they prefer that particular program. Often you'll be able to save some money by using the recommended program because they are able to use your data files. Frequently, the accountant will even set up some programs for you.
Make sure to interview at least three different accountants before you make your final choice. This will ensure that you have made the best possible decision for all of your business accounting and bookkeeping needs.
