The reliance on efficient and professional accounting has grown significantly in recent times. Whether it’s a mid-sized or large owner-managed business, everyone needs accurate accounting for their financial growth. Hiring an accountant and having professionals track your business’ income, assets and liabilities is a smart business decision when it comes to your business’ financial health.
Accountants prepare and examine financial records, ensure all records are accurate and taxes are paid on time. They offer tax advice, prepare financial statements and help with business decisions. They provide audits, reviews, and compilations to their clients. They also help you chart your business’ growth and work towards achieving it.
If you’re on the lookout for an accountant, here’s a list of top five things to look for when hiring an accountant that will help you achieve your financial objectives.
1. Great service.
Hire an accountant who provides excellent service and handles your queries responsibly. Remember, you will rely on your accountant for your tax savings.
2. Competitive price.
Consider hiring an accountant who offers a reasonable price for the accounting service you need. Compare the price with their competitors before going with a particular accountant. Remember, the cheapest is often not the best.
3. Professional advice in a timely manner.
Being in a business, you will often need advice from your accountant. Ensure your prospective accountant provides professional advice as and when you require. An accountant must be easily accessible by phone, email or in person.
4. Open communication.
The accountant should share his thoughts about the financial situation of your business upfront. Make sure your accountant is truthful as you would want an honest accountant to assist you to run your business without fear of biased reporting. Make sure your accountant has good communication skills and is someone you can discuss your issues with in an open manner.
5. Trusted personal advice.
Ensure your potential accountant provides trusted personal advice. An accountant must understand that every business is unique and needs personal advice for it to flourish.
If you’re looking for an accountant in Aurora, Toronto, Vaughan, Richmond Hill, Newmarket, Brampton and the Greater Toronto Areas, reach out to Render & Partners LLP. We are dedicated to helping our clients succeed, and we pride ourselves on providing personal accounting service to all of our clients. To learn more about services we offer, please click here. If you have any questions about accounting, get in touch with us by clicking here.