When you are starting your business one of the last things that usually comes to mind is finding the right accountant.
If you want to grow your company and avoid financial mistakes, obtaining the right accountant is a must-have.
Running your businesses financial operations on your own not only limits your growth potential, but it’s time-consuming during tax time, paying employees and finding a loan. So, how do you avoid this headache? Hire an accountant.
There are qualities to look for when searching for an accountant that’s right for you. Below we have listed three necessities your small business accountant should have.
Find an Accountant who does Personal Taxes
As a small business owner, your business taxes and personal taxes are very closely intertwined. If you are a sole proprietor, they are recorded together. There are many items you may be able to write off, or deduct from your personal taxes if you own a business.
Accountants that offer personal services usually have the expertise to help with your financial planning as well. This could be anything from investing to planning for retirement. Again, as a small business owner, these personal goals should be a part of your business finances.
Use an Accountant that is Local
It is amazing how many people use online accountants and accountants they have never met. If you are a business owner, your accountant should be one of your closest associates. Someone you speak with often and someone you know, like and trust.
The perks of using a local small business CPA is the ability to meet face to face. Getting the opportunity to shake hands with someone so valuable to your future seems like a no brainer. Your relationship with your accountant should be the same as anyone else in your business.
Partner with an Accountant that does it all
While it is important to have an accountant that can make sure you are paying the taxes you need to pay, it is a good idea to decide what else you need for your business that an accountant could do.
Do you need a bookkeeper? Do you have employees or plan on having them? It is a good idea to work with a small business CPA that has expertise in these areas. Making sure your employees are paid on time and have the proper taxes withheld is a headache that you don’t want to deal with.
Your accountant will become a major asset to the future of your company. Making sure you do your due diligence in partnering with the right one could make or break your business. Remember to find an accountant that also specializes in personal taxes and services, use a local accountant that you can get to know and meet with face to face. Additionally, make sure you use an accountant that can do it all!
If you would like more information on how to find an accountant, feel free to contact us today!