By Evan Vitale
One of the most important aspects in building a good foundation for your business is choosing the right accountant.
Making the choice – and the right choice – will be one of the longest and best business relationships you’ll enjoy. Get it wrong and, well, things can go wrong and you’ll be left with a sour attitude against accountants.
While you can get good referrals from family and friends, you need to remember that hiring an accountant isn’t a “one size fits all” profession. Accountants come in different shapes and sizes, but you need to find one that fits your needs. For example:
* Is the accountant a one-person firm and might be spread too thin between other clients?
* Is the accountant part of a large firm and they miss the personal touch you may need in handling your account?
* Are they able to help you complete the proper tax forms and get them filed on time?
* Do they keep current on ever-changing tax issues that might impact your business?
* Can they help you save money and time when it comes to payroll issues and other tax burdens?
* What is their fee structure? Will you be receiving a copy of this in writing?
Sometimes, good accountants are not good communicators, but you’ll need to create an open line of communication between your business and your accountant. Let me know how things are progressing with your business, cash-flow, etc. Ask questions at the right time and, by all means, plan for upcoming deadlines and filing dates.