The financial year has come to an end. There might be many entrepreneurs who sometimes handle the accounts on their own and struggle with the last-minute time tax filing. Therefore, having the right tax accountant is essential for any small business. With constant change with the taxing rules made by the government, it is challenging to be updated, cope up, and file taxes on time. No matter how much you want to do your tax accounts, without the right knowledge and background in taxation, you might make irreparable mistakes in tax filing. But, a right tax accountant can give you advice on saving on your taxes and file your taxes correctly. So here is how you can find the right tax accountant.
Prepare a List of the Accountants
A good tax accountant has a good rapport with their clients as they provide quality services. Ask your friends, family members, neighbors, or your relatives regarding any tax accountant that they know of. If you still don’t find any worthy referrals, you can always use Yellow Pages or the internet to find out various accountants around you and read reviews and feedback on their websites. List here accountants that you are interested in.
Research about Their License
Once you have listed the potential accountants, all you need to do is find out about their license. For instance, find out if the accountant is a
– Chartered Accountant (CA) who has global recognition, providing services that range from startup counseling to acting as a trustee for insolvency, receivership, insolvency, or bankruptcy.
– Certified Management Accountant (CMA) who integrates accounting expertise with advanced management skills.
– Certified General Accountant (CGA) who has a range of duties, from providing insights into financial statements to overseeing the internal accounting processes.
Research about the experience and know if they have certifications in the above-mentioned field. American Institute of CPAs to see if their stated qualifications are valid.
Call or Visit Some of the Accountants
Once you have listed the accountants, interview the accountant on call, or you may visit them personally. Ask them about their profile, experience, relevant expertise, and services that they offer. Discuss some of their services to know what they can offer when your business expands. For instance, if your business does business with other countries like the US, your accountant need to be familiar with the Internal Revenue Service (IRS) and the tax forms of the international country as well. Besides, see how much you are comfortable you are with the accountant while communicating.
After you have visited and shortlisted some of the accountants that meet your business needs, all you need to do is compare them with each other. Just remember when you choose an accountant; you are going to establish a long-term relationship with them to help you blueprint the future of your business.
Bear in mind that choosing the right accountant is a personal choice. Make sure to select an accountant that best fits your expectations for handling your business accounts.