If you have read any of my business books, then you know I recommend starting your own business in order to get ahead. A good solid business can be very profitable. However, if you have not planned everything out correctly your business can fall apart very quickly.
Every business, large and small, needs a good accountant. Your accountant will help you get the best results from your taxes every year. You don't want to pay more tax than necessary, and without a good accountant you could be giving too much money to the IRS. An accountant will help you minimize the tax you pay, and help you find all the tax deductions you are entitled to as a business owner.
When looking for an accountant to help with your business finances, make sure that they are up to date with all certifications. Also, make sure that they are someone that you can relate to and feel comfortable discussing your money with. You want someone that you personally like and can relate to. They should be able to explain everything to you in detail. Here are our top three tips to help you find a good accountant for your business.
Ask For Referrals
If you know someone else that has their own business already, ask them if they know a good accountant that they can recommend to you. Accountant's personalities will vary, and even though they are all well qualified, you want to find one that specializes in small business. An accountant needs to be up to date with all the current tax laws and will be working with you closely. You want an accountant that will work for you.
An accountant that takes a personal interest in you and your business will always do what is best for you. These are some of the reasons why it is often a good idea to find an accountant that people recommend. People will only be happy to recommend someone that they are happy with.
Hire A Firm or An Individual Accountant?
You might want to think about whether you are hiring an accountant who works for themself, or hiring an accounting firm. The advantage to hiring an accounting firm is that someone should always be available to take your call.
When you hire a firm of accountants you will have access to different accountants that specialize in different areas of business, and work with different types of businesses. By combining the strengths of different accountants, you will be receiving the best advice for all of your business needs.
Choose Software Carefully
If your business is on a very tight budget and you can't afford to hire an accountant, then you might want to think about accounting software. There are different accounting software programs available that are specifically designed for small businesses. These programs are usually reasonably simple to use and some will have live help available if you need to ask questions ( I recommend Quickbooks as all accountants can import your file and work on your books for you).
Please don't rush into hiring the first accountant you see in the phone book. Finding the right accountant to give you good business financial advice is very important. A good accountant will work with you and your business for many years. Take your time to find someone that you can trust adn build a great relationship.