Top Five Things To Look For When Hiring An Accountant
As a novice, filing your taxes and balancing your book by yourself can leave room for mistakes. However, hiring a professional accountant to assist you with tax preparation and financial planning can help you gain more tax savings and effectively organize your finances.
With experience and knowledge on their side, an accountant can be of significant benefit to your business. By taking care of your tax and accounting needs, they can save you time and money, allowing you to focus on other aspects of your business.
Unfortunately, many accountants don’t meet their clients’ expectations. For that reason, it’s imperative that you hire the right professional. With a host of accountants offering different services at different rates, it can be difficult to select one. To help you narrow down your options and choose an accountant that benefits your business, here’s a list of the top five things to look for when hiring an accountant.
Qualifications separate a professional from an amateur. As an accountant will directly handle your finances, you want to make sure that they are a designated CPA. Also, check if your accountant is licensed to work in your province on the CPBAC website.
2. Practical experience
Along with qualifications, look at the experience that the accountant brings to the table. An experienced accountant will have the necessary skills to work with your personal and business finances in an efficient manner.
3. Explains the process to the client
Is your prospective accountant able to explain your tax and accounting situation to you using easy terms? Do they allow you to understand the solutions they come up with? If an accountant only talks in accounting jargon and confuses you, then they’re not the ones you want to work with.
It’s one thing to be qualified and trained in accounting and taxing, but it’s another thing to remain up to date with tax rules and regulations. As these rules change every year, you must find yourself an accountant who stays on top of tax regulations.
As the accountant will manage your taxes and books throughout the year, you want them to communicate effectively with you. They should respond to your emails and calls quickly and provide answers to any questions that you may have.
If you’re looking for the services of an accounting firm in Richmond, BC, reach out to HAP CPA Inc. As a team of experienced professionals, we offer top-of-the-line accounting and tax services to individuals and businesses. We have over four years of experience in helping our clients minimize their tax liability, capitalize on tax deductions, and improve their overall solvency. Our comprehensive strategies are planned carefully and are unique to our client’s situation. We offer corporate tax and tax planning, personal tax and sole proprietorship, bookkeeping, and non-resident tax services to clients across Richmond, Vancouver, West Vancouver, Burnaby, New Westminster, Surrey, Delta, White Rock, Langley, Coquitlam, Port Coquitlam, and the surrounding areas.