How and Why to Find a Good Accountant

By Jill Mowser

Finding a good accountant can be one of the best things you do for your business. A lot of small-business owners do not take advantage everything they can get from an accountant who really knows what he's doing. You get much more than yearly tax-preparation from a good accountant.

Your accountant can help you prepare your business plan, to get your business on the right track. A well-prepared business plan is a map for your business over both the short and long-term. If you have a great business plan, then you have goals, objectives and plans that tell you what you need to do to have a successful business, and what to do when things aren't going as planned. Not only that, but a good business plan, including financial statements and projections, is often critical for obtaining needed financing for your business.

A good accountant has a thorough knowledge of the tax system. Your accountant should be able to minimize the taxes that your business will have to pay. He will be able to advise you regarding business write-offs and other possible tax savings. A good accountant can make all the difference for your business' bottom line!

Your accountant should also be able to help you find other ways to save money in your business throughout the year. You should call him before any major purchases you make for your business. He can help you to see what you really need for your business, and what can possibly wait for another time. When you own your own business, it can be very tempting to make many large purchases and then "write them off". Your accountant can keep you from wasting your money, or from frivolous spending.

There are many other benefits to having a great accountant. These include assessing your business' progress throughout the year, and helping you to evaluate if things are going according to plan. Your accountant should also be able to help you find other professionals whose services you might need, such as lawyers, bankers, etc.

Now that it is clear why your business can greatly benefit from a good accountant, here are some ideas for finding just the right one for your business.

The best way to find a good accountant is through word of mouth. Ask other business owners who they use and recommend. You could also ask other professionals you do business with, such as at your local bank. Once you have a few different options, it is time to check them out yourself. Call their offices, and request an information package about the accounting firm. Once you receive the package, if you think that it is professional-looking and they are potentially someone you would feel comfortable having represent you, then you should call to schedule an interview. When meeting with your potential accountant, make sure you come with questions prepared. You will need to know how this accountant is going to be able to help you grow your business. Throughout the interview, pay attention to how well he listens to you and your concerns, and how comfortable you are talking with him. If everything feels right, then you have success! But don't feel like you are making a life-long commitment. If things don't work out for some reason, move on and find the right match for you and your business.

A good accountant is truly a great investment for your business. Take the time to find one, and take advantage of all he has to offer you and your business will be on its way to greater financial success!