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If you want to know how to pick a good accountant, you’ve come to the right place. Read below to learn what to look for when hiring an accountant and everything you need to know about accounting department structure best practices.
When finding out how to get a good accountant, the first step to take is making sure all of your candidates have all of the necessary certifications. A certified public accountant (CPA) certification is the most necessary, but all of the following additional certifications are on the list of what to look for in an accountant for small business finances:
Your accountant doesn’t need these certifications in the same way that they need to be certified as a CPA. However, additional credentials can help you determine how much experience a candidate has and how well they can handle your specific needs.
What to look for when hiring an accountant depends on your business’s specific needs. For example, the organizational structure of your company can influence what to look for when hiring an accountant to handle your finances. Why is this?
In short, different types of companies (LLCs, S-Corps, etc.) have different tax obligations. A skilled CPA has the knowledge and experience to help you handle your finances regardless of your company’s structure, but certain CPAs may specialize in working with companies in your industry with your structure. For instance, if you are a real estate company set up as an LLC, this will influence the steps for how to pick a good accountant.
Hiring a specialized accountant can have a variety of major benefits for your business. If you hire a CPA who has extensive experience working with others in your industry, you can expect them to have some insight and tips for you that other accountants may not. However, specialized accountants sometimes have higher fees as well.
The right accountant should offer all of the services you need, from cash flow forecasting to finance consulting. Look for an accounting firm that has a wide range of services and is well-rounded enough to work with companies in the majority of key industries. TGG Accounting is an ideal option that offers everything from exit planning services to staffing and recruiting in addition to outsourced accounting.
When hiring an accountant, all of the following questions can help you determine whether they’re the right fit for you:
A good accountant-client relationship is characterized by trust, transparency, boundaries, and results. Your accountant should provide practical guidance and advice to help your business excel, but they shouldn’t overstep their responsibilities — especially if they are an outsourced resource rather than on your full-time staff.
Follow these tips to find the best accountant for your company: