Choosing An Accountant For Your Business
Choosing An Accountant For Your Business
The first step you need to make is to get recommendations from other businesses. Ask other business owners in your area, your bank manager or financial advisor who they use and make a list. You may already have an accountant that you have used for your personal taxes, so add him to your list too. Remember that accountants, like most professions, concentrate on a particular area of expertise. This means that the accountant you used for your personal tax may not be up to doing small business tax.
Next, you will need to decide exactly what role your accountant will have in your business. Will you be getting them to do all your bookwork or just your taxes? Do you want them to be able to advise you on all your financial matters?
Once you have decided your accountant's role, you will need to contact all the accountants on your list and talk to them about your requirements. Ask them what their qualifications are and if they service any businesses similar to yours. You need to make sure that they understand your business and the needs of your business.
As you talk with these accountants, make a note about how they speak to you. Do you understand what they are saying or are they using accounting terms that leave you confused. You need to be comfortable with your accountant and be able to understand what he tells you. You also need your accountant to be able to understand you and your business.
Ask the accountants questions that are specific to your type of business. If they can answer quickly and easily, you can be sure that they will have a good grasp of what will be required for your business now and in the future. If they hesitate or need to look up the answer, they may not be the right person for your business needs.
Finally, ask about their fee structure. You don't want to have to pay out half your profits in accounting fees even if the account is good. You need to find a happy medium between your accountant's knowledge and their fees. Don't make a decision immediately and don't let the accountants push you into making a decision on the phone. Thank them for their time and tell them you will be in touch. Take your time going through your notes on each accountant and give yourself time to make the right decision.
Remember, if you are not happy with your accountant your business may suffer as a consequence. Do your research and if you make the wrong choice the first time, then just keep looking until you find the right person. You should feel like your account is your business partner, someone who is interested in your ongoing success.
Choosing An Accountant For Your Business - To learn more about this author, visit Glenda Lange's Website.
Like this article? Share it with your friends
Choosing the right accountant for your business can be one of the most difficult tasks you need to complete when starting a small business. It can also be the most rewarding decisions that you can make for your financial future. There are many accountants out there it is just a matter of following the right steps to make sure you get the right one for your business.
The first step you need to make is to get recommendations from other businesses. Ask other business owners in your area, your bank manager or financial advisor who they use and make a list. You may already have an accountant that you have used for your personal taxes, so add him to your list too. Remember that accountants, like most professions, concentrate on a particular area of expertise. This means that the accountant you used for your personal tax may not be up to doing small business tax.
Next, you will need to decide exactly what role your accountant will have in your business. Will you be getting them to do all your bookwork or just your taxes? Do you want them to be able to advise you on all your financial matters?
Once you have decided your accountant's role, you will need to contact all the accountants on your list and talk to them about your requirements. Ask them what their qualifications are and if they service any businesses similar to yours. You need to make sure that they understand your business and the needs of your business.
As you talk with these accountants, make a note about how they speak to you. Do you understand what they are saying or are they using accounting terms that leave you confused. You need to be comfortable with your accountant and be able to understand what he tells you. You also need your accountant to be able to understand you and your business.
Ask the accountants questions that are specific to your type of business. If they can answer quickly and easily, you can be sure that they will have a good grasp of what will be required for your business now and in the future. If they hesitate or need to look up the answer, they may not be the right person for your business needs.
Finally, ask about their fee structure. You don't want to have to pay out half your profits in accounting fees even if the account is good. You need to find a happy medium between your accountant's knowledge and their fees. Don't make a decision immediately and don't let the accountants push you into making a decision on the phone. Thank them for their time and tell them you will be in touch. Take your time going through your notes on each accountant and give yourself time to make the right decision.
Remember, if you are not happy with your accountant your business may suffer as a consequence. Do your research and if you make the wrong choice the first time, then just keep looking until you find the right person. You should feel like your account is your business partner, someone who is interested in your ongoing success.
Choosing An Accountant For Your Business - To learn more about this author, visit Glenda Lange's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
|||
David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
|||
Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
|||
Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Glenda's articles
 | |
|
|  |
 | |
|
| |
 | |||||||
|
 | ||
|
||
|
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Instant Brochures Establish Self-Beliefs Consultative Selling ebook FREE Business Plan Template Instant Newsletters |
|
 | ||
 |
Top 50 SEO Posts - 2007
Top SEO Posts of the Year | |
 |
Top 50 Geek Business Blogs
Top 50 Geek Business Blogs | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||||
| ||||||||||||
|
|
||||||||||||