Top Five Things To Look For When Hiring An Accounting & Tax Professional
With an in-depth knowledge of all laws and regulations pertaining to accounting and tax, an accountant can assist business owners and individuals with all their accounting and tax-related needs. By working with a professional you can trust, you have the time, energy and resources you need to focus on expanding your business.
Unfortunately, there are thousands of accountants out there who don’t match up to the expectations of their clients. Therefore, with so many different types of accounting and tax professionals to choose from, picking the individual or firm that will aid your business and help you grow is vital.
To simplify this process for you, here are the top five things to look for when hiring an accounting and tax professional:
1. Reputation
Make sure the individual or firm has a solid reputation. Information pertaining to the accounting and tax firm that you’re thinking of hiring can be obtained from social media reviews, existing clients, references, and discussions with individuals or businesses. In this fast-paced world, the word - good or bad - spreads quickly based on people’s experiences with the company.
2. Experience
An accounting and tax professional that has the experience to meet your personal or business needs. In all obviousness, the more experience the firm has, the greater their fees can be. Identify what’s important to you and what your business needs most and find a firm that can deliver at an economical price. When hiring, consider asking questions such as: does the firm keep on top of industry trends. If yes, how do they do this, what is their education, how long have they been in business? These are all questions that can help gauge the experience of the team.
3. Use of Technology
Understanding the technology available to businesses in today’s fast-paced business environment is paramount when looking for an accounting and tax professional. What type of software do they use? Are they cloud accounting ready? Can they meet the needs of your business in the future? The accounting and tax industry is changing rapidly and a firm that is “future-ready” will be able to meet your business needs much easier as the business landscape changes. Cloud Accounting is here and is the future.
4. Client-Centric
Accounting and tax professionals must make their clients the top priority at all times. A firm that puts their clients first, provides services in a fast and efficient manner, is well priced, keeps their clients informed, introduces new features to enhance their business or personal finances and makes the success of their clients’ small business or personal financial success their number one priority is an entity you should have as a partner.
5. Value
Just because one company gets high praise from someone doesn’t mean they will have the same value for you. Define what is important to you and what you value for yourself and your business. Ask the potential accounting or tax professional what their value proposition is, how they will deliver it, how it will be priced and how you will prosper from doing business with them. Feeling great about making a decision usually means you did something of value for yourself. When choosing an accounting or tax professional, you want to be left with this same feeling of great value.
If you’re looking for competent Tax & Business Advisors in Sudbury, ON, reach out to Advize Inc.
The biggest value we bring to our clients is we are on top of the curve when it comes to cloud accounting and the future of accounting and business administration. We have a very diverse background and knowledge base across many industries and become very valuable to our clients.
We offer Tax, Accounting, Cloud, Business & Payroll Solutions to various industries like Franchises, Restaurants, Rental Properties, Service-Related Businesses, Automotive Businesses, Retail Stores, Beauty Salons, Spas, Tattoo Parlours, Trades & Construction, and Medical Services.
For a complete list of our services, please click here. If you have any questions regarding your accounting and tax needs, we’d love to hear from you. Please contact us here.