Are you on the lookout for an accountant? How can you choose the right accountant for your business?
You already know the importance of finding the right people for your team. A valuable lesson!
The right team can do wonders for a business. The opposite is also true: having the wrong people in your team can do more harm than good.
I’ve seen this first-hand in my daily meetings with clients.
That is why I’ve come up with an easy, 5-step cheat sheet for you to follow next time you’re looking for the right accountant or business advisor for your business.
1. Does the accountant understand your business?
Every business is different.
Not all accountants out there might be the best fit for the particularities of your business.
The right accountant for your company should be able to walk the walk and talk the talk. They should be able to partner with you for the greater good of your business.
If they can do that, then you might have the right candidate.
2. Put them on the spot
Don’t be afraid to test them a bit. Question and interview your potential accountant.
Here’s a what you could ask them: Tell me 3 things you think I could do to change my business and increase my profitability.
Pay particular attention to what they advise.
3. Ask your accountant: Who will do the work?
Are they doing the work 100%?
Have they got other people working for them who are going to do the work?
Why is this important?
- So you know exactly where you stand with them
- So you can identify which person you should contact for certain issues that might be arising along the way.
Tip: Make sure you establish good engagement with the both the principal and with their staff.
[ctt template=”7″ link=”8eOjD” via=”no” ]Make sure you establish good engagement with the both the principal and with their staff.[/ctt]
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4. Do they have people in your industry as their clients?
Why is this relevant?
Ideally, you’d want someone with a bit of experience in your industry.
- It would be easier to collaborate with them
- They would know all the tidbits and industry regulations
- They would also have a great deal of knowledge about how things work in your industry, what to expect and how to anticipate certain issues in the future
5. How often should you meet?
When it comes to how often you should meet, I think too often might be as bad as too frequently.
It’s important to find the right balance. After all, you’re both busy people.
For example, if they recommend 24 meetings a year, that might be an overkill if you have a fairly small business.
On the other hand, if they suggest having four meetings a year, that might not be enough for the efficiency of your business.
At the end of the day, make sure you choose the person you’re comfortable entrusting part of your business’ secrets to. As with most relationships in life, it all comes down to the person who clicks with you and your business. Don’t dismiss your gut feeling.
Find the perfect accountant for your business
Luckily enough, you’re in the right place. Shuriken Consulting has an amazing team of specialists who are more than happy to give you a hand and assist you in growing your business.
Let’s get in touch and see if we’re the right accountant for your business.