Many people fail to appreciate how much our modern economy depends on accounting services. In Australia alone, people and businesses spend about $27 billion each year on the services of accountants. In fact, there are now more than 159,000 people around Australia working in the accounting service industry.
Of course, that also means that finding a great accountant can be like looking for a needle in a haystack. How do you find out which accountant is the right one for your unique business needs?
Many people have asked this question before and come up with some strategies that generate good results. Applying the principles in this article will help you find a better accountant while spending less time during your selection process.
Read on to learn all about the top things to keep in mind while choosing an accountant in the Redlands, Australia!
1. Know What You Want in Capalaba, Queensland
If you’re not careful, you might end up spending hours assessing the many intricate details of different accountants without coming to any definite conclusion. You may find that it is more efficient to start out with some scoping and reflection first. Exactly what kind of accountant are you looking for?
Do you want to work with a business tax preparation service that also works with other clients at the same time? Or would you prefer to have someone who works full-time for your business? Do you want an accountant who can help you cut down your tax liability, access your personal services income issues, or are you looking for someone to help you increase your cash flow?
Think about your specific situation and write down some of the details about your ideal accountant. The more you know about exactly what you are looking for, the easier it will be for you to navigate through your accountant selection process as fast as possible.
2. Consider Many Business Tax Accountants
Once you start looking for the right accountant, it is important to consider many options.
Some accountants focus a lot of their effort on sales. If you’re not careful, you could end up hiring whichever account gives the most persuasive sales pitch. However, the more accountants you consider, the easier it will be for you to recognize the ones that provide genuine value.
Some businesses hesitate to consider several accountant options because they are worried it will extend the recruitment process too much. However, we will discuss some ways that you can sift through a long list of accountant options. As a result, you should feel free to consider as many accountants as you like.
You can likely find many potential accountants by using a search engine. However, it can be also helpful to generate a list of options by speaking with people who understand your specific situation.
3. Get Advice for Hiring Small Business Accountants
Think through anyone you know who has worked with business accountants before. The more similar their situation is to your own, the better. If they have been in your shoes, they may be able to give you some great advice about navigating your selection process.
If you do speak with someone, consider sharing with them your preferences for your ideal accountant. You might even ask if they think there is anything else you should add to your list. Then, ask them if they can recommend an accountant to you.
If they can’t, you can ask them if they have any tips for finding your ideal accountant. If you have a list of accounting options already, it can be helpful to show it to anyone you ask for advice. If they know anything about any of the accountants on your list, that might help you save time on investigation.
4. Look at Reviews For Accountants and Auditors
The longer your list of accounting candidates is, the more helpful it can be to remove accountants for simple reasons. You might consider looking at the online ratings each candidate you consider has received. Then, you can remove from consideration all accountants with ratings below a certain level.
You can then read some of the written reviews for the remaining accountants on your list. Try to find reviews that talk about the factors that matter most to you.
5. Look for a Proven Track Record
After reading through several reviews, identify several of your top candidates. Then, consider getting in touch with them to see if they might be a good fit for your business. During your communication with them, you might want to ask them for the most concrete indicators of their success and skill.
Some of the best accountants out there can tell you all about how they have helped their clients make or save money. On the other hand, some accountants might struggle to provide you with many specific examples. As a general rule, it is often best to hire accountants who can let their numbers do the talking for them.
6. Find an Accountant You Get Along With
When you are choosing a business accountant, it can make sense to prioritize skill and results above all else. However, this is someone you are going to work with for a long time. No matter their skills, if you can’t get along with them, they might not be the best choice for your situation.
Think about anybody at your business who will be working with your future accountant on a regular basis. Give them an opportunity to spend time together and get to know each other.
If possible, it is best to find an accountant who can provide you with results while being pleasant to get along with at the same time.
Know How to Find the Best Accountant for You
With the right accountant on your side, it will be easier than ever for you to take your business success to the next level. A qualified accountant can help you cut down your tax liability, or access your personal services income issues and help you enjoy better cash flow. It is worth putting in the necessary time to find an accountant who can provide you with excellent results.
To learn more about how you can find the best accountant in Capalaba, Queensland, for your business needs, contact us here at any time!
