Finding an accountant can be a daunting task. As a small business owner, you have to focus almost all your energy on the day-to-day running of your business, which can make doing anything else frustrating. So if you’ve been putting off finding an accountant, or are just not sure how to find the right accountant––one who can help your business grow over time––we’ve put together a little guide to help simplify and explain the process.
You want an accountant that understands small businesses, and understands your industry
This is especially true if you’re in a highly competitive industry, or in an industry with very high overhead and the unique tax requirements that creates. Without this expertise, they may not be able to offer you good advice, or reliably predict the risk of your business being audited.
Find someone that fits your needs
Perhaps you need more than bookkeeping or tax services. Maybe your business needs payroll services in Jamestown, ND, too, to free you up to spend more time on the important decisions facing your business. Examining the needs of your business can help you select the accountant who will help your business the most over the long term.
Ask someone you trust for advice
As a small business owner, you probably have other friends or advisers who are also business owners. Their wisdom has likely proved invaluable before, so it only makes sense that you should get their advice when looking for an accountant. Even if they don’t have a particular accountant to suggest, they can likely provide you with the right questions to ask and tools to find the right firm.
Find an accounting firm that’s been in business for a long time
You understand how much work it takes to withstand market forces and stand up to the tests of time. Look for an accounting firm that’s been in business for a long time. This means they’ve likely done everything right. They’ve been around long enough to have helped many businesses through the auditing process, and because they’re still around, it means their accounting and preparation services were good enough to stand up under the scrutiny of the audit. Finding an accountant with longevity is a great way to remove risk from your choice.
Find the best price
There’s no shame in making price the most important part of your choice. First, put together a list based on the considerations we’ve just discussed. Then interview the potential firms to get a feel for how they’ll fit with your business. Finally, select the firm with the best combination of fit and cost. As a business owner, you’re undoubtedly used to making this type of cost/benefit analysis.
Craig S. Hanson, CPA has been in business assisting small businesses with accounting, tax and payroll services in Jamestown, ND, for more than 30 years. We’ve lasted because we provide great service with a personal touch. We take the time to understand your business and your industry, and are dedicated to seeing the businesses we work with grow.