Top Five Things To Look For When Hiring An Accountant
When it comes to achieving financial success for your business, hiring a qualified and experienced accountant can make all the difference. With their expertise in streamlining finances, handling taxes, and optimizing cash flow, they will ensure that everything is up-to-date with the latest regulations and provide you with the financial information you need to make more informed decisions.
However, finding a trustworthy accountant can be a daunting task. As a business owner, you have enough to worry about when it comes to running daily operations and managing finances, so it’s essential to ensure you find the right accountant to give you peace of mind.
To help make the decision easier, here are five key things to look out for when hiring an accountant:
1. Designation and qualifications
The first thing you should look for in an accountant is whether they have the necessary designation and qualifications within their industry. It’s important to ensure that your accountant has a Chartered Professional Accountant (CPA) license or a Master’s Degree in Accounting. These credentials will ensure that your accountant has the knowledge and experience to handle your finances accurately and efficiently.
2. Knowledge of current rules and regulations
Having an experienced CPA firm on board can help ensure that your business is compliant with all current laws, as well as help maximize potential tax savings. A good accountant will also be able to alert you of any changes in the tax code that could affect your business or personal financial situation.
3. Building trust
When hiring an accountant, the most important thing to consider is whether or not you feel comfortable discussing your business and personal tax matters with them. Even if they have the best qualifications in the world, it won’t do much good if you don’t have a good rapport. So make sure that your choice of accountant is someone who can put you at ease and with whom you can have open conversations about your finances.
4. Practical knowledge and experience
Your CPA should have both expertise in tax law and accounting principles as well as the ability to provide knowledgeable advice on how these laws apply to your situation or business. Additionally, your accountant should have some familiarity with your industry to understand the unique challenges that come with it. The more experience and knowledge a CPA has, the better equipped they will be to help you reach your financial goals and stay compliant with all applicable laws and regulations.
5. Client-focused approach
Finally, a good CPA should take a client-focused approach when working with you. Understanding your goals and business requirements is only part of the equation; they must also understand your aspirations, so they can properly advise you on how to move forward successfully. Ultimately, this means finding someone who takes their time getting acquainted with your current situation and future objectives before providing guidance on how best to reach them within legal limits.
If you are looking for an experienced accountant in Sechelt, Gibsons, Roberts Creek, Madeira Park, Pender Harbour, Powell River, and the rest of the Sunshine Coast, reach out to Ocean Breeze CPA. We are a licensed public practice CPA with over two decades of experience providing a wide range of tax, accounting, and bookkeeping services. We know everyone’s situation differs, so we offer personalized accounting services to suit your needs. Whether you need help filing your return or advice on how to save money on taxes, we’re here to help.
Get in touch with us today!