How to Choose an Accounting Firm?
The accounting firm that you’ve chosen ought to be one that you feel at ease and comfortable talking to. An important thing that you’ve got to understand when hiring an accountant whether it is from an established company or just a freelancer is the fact that they have the expertise and competence in delivering exceptional service. You might not know much about accountants but you do know about your business. When managing a business, it is imperative to know how it is making profit and not to confuse your profits with your cash flow.
In relation to accountants, they have the expertise in finances and know the law that is concerning business taxes and on what is best to do for the financial security of your firm. It is best that you start looking for another company if you sense that the firm or the accountant doesn’t care much of your interest and time or just doing whatever they feels right on your finances.
Business is important and with that in mind, you need to choose a firm that treats you with dignity and not just with high handedness. You may know only little about accounting practices but you commission pros to work for you as your extended employees. Whether you admit it or not, you’re paying for the services they offer in doing tax preparation on your behalf, give advice on properly setting up payroll, books and different accounting related matters and deal with legal tax concerns too.
It doesn’t matter actually if your extended employees work on their headquarters or go to your business much like everyone else; one thing’s for sure and that’s the fact that they work as your financial adviser. You must feel confident of their skills and abilities and at the same time, genuine concern for your company’s welfare or business office.
If possible, work with accounting firms that take the initiative in showing clients how they are doing accounting related tasks without being asked. Make it a point that they have explained as well how they charge for their service and to when they expect their payment once they have completed the job you want them to do be it doing the books, payroll etc. If you think that you’re employing a CPA or Certified Public Accountant, then check first if they’re certified. This is to have assurance that you do are getting quality service.
Be sure to perform a background check on each of your prospect to know that you’re making the right choice.