Finding a decent business accountant for your startup can be a daunting prospect. It’s difficult to know where to begin. There are a specific accountants who specialize in different types businesses, so you’ll want to consider what sort of accountant is right for you and your business. Here are a few factors to consider when finding a business accountant suitable for your startup.
- Do your research. Before you leap into a business relationship with an accountant, you’re going to want to do a little bit of research. After all, you’ll be entrusting this person with all of your financial information. A good way to do this is to look at online reviews. Yelp is a great reviews-based resource that works. If you’re seeing a lot of one star reviews for a particular accountant, you might want to steer clear of giving them your business. Some accountants, such as SDA CPA Group P.C., have client testimonials posted on their websites.
- Ask friends and family. For an accountant, most business comes from word of mouth. So a great place to start when looking for an accountant, is to ask friends, family or similar businesses what accountant they use. If your family and friends are happy with the service they are getting, then it might be worth investigating which accountant they use.
- Set up a face-to-face meeting. There is no better way to gauge whether an accountant is right for you than by meeting them in person. Set up an appointment with a prospective accountant and prepare some questions that apply to you and your business. Trust your gut. If you’re spending days chasing down the accountant and they’re not returning your calls or not setting a time to meet, then steer clear. They might be too busy to take you on and that can have disastrous repercussions. Some questions you might want to ask your accountant may include: What experience do you have with my kind of business? Are you CPA certified and approved?
- Consider your budget. Accountants charge their clients in all sorts of ways, and the fees can add up pretty quickly. You’re going to want to make sure the fees and hourly rates are within your financial grasp. There’s no need to be paying through the nose if your business is a small startup that doesn’t rake in a lot of profit. There are numerous affordable options for small businesses and new start-ups, so be sure you research carefully and don’t be afraid to ask how much they charge.
- Keep on top of your books. Okay, this one isn’t exactly advice on how to choose an accountant, but it’ll help you reduce the cost when you do find one. Be sure to do as much work on the bookkeeping and day-to-day finances as you can. The more work you do on your end, the less work you accountant will have to do.