Small business owners frequently work with third-party accountants and financial service providers to handle their taxes, financial planning, payroll and other important aspects of running their business. If you’ve never gone through the process of retaining such a firm, though, you might be wondering what steps you should take to ensure you hire the right tax and accounting services in Jamestown, ND.
Here are just a few pieces of advice to help you in this process:
- Determine your needs and goals: Before you begin talking to prospective firms, you should first consider why you’re reaching out to outsourced accounting services to begin with. How frequently will you need their services? Is it important for you to go local? What are your short- and long-term financial goals, and what are you hoping to get out of this arrangement? These are all important questions to consider, as they will help you make more informed decisions regarding the financial services you choose to work with.
- Costs: How much are you willing to spend when outsourcing your accounting? One of the biggest reasons people go with an outsourced service to begin with is because they either don’t have the money to pay someone in-house or are unwilling to make that sort of investment. Consider what your budget is for these services, and what the average prices for the services you need are in your area. Fees can vary widely, so make sure you get quotes from a number of different sources before you settle on a company you’re going to move forward with.
- Fit: Is the accounting service in question a good fit for you and your company? Consider your comfort level in working with the company and the kind of company culture the firm possesses. Consider also who will be working on your account, and if you think you’ll be able to have a strong ongoing business relationship with them. You should always feel comfortable picking up the phone and calling your accountant, and be able to feel as though your emails will get answered in a reasonable amount of time. If you’re working with a larger company, it can be helpful to know you’re going to have the same person handling your account and your financial affairs rather than bouncing around between different employees and accountants.
- Research: Be as thorough with your research as possible, even before you start reaching out to potential accountants you may be willing to work with. Look for reviews online, see if you can connect with anyone who has worked with the company before, check for licenses and accreditations and find out anything you can about the company before even approaching them with specific questions about their services.
These are just a few of the best tips you can follow when you’re on the hunt for a tax and accounting service in Jamestown, ND to work with your business. Contact the team at Craig S. Hanson, CPA today if you’re in need of additional information about what we can offer you.