4 Tips to Find a Good Accountant

Establishing and running a business is a complex task that calls for expertise in several areas. As an entrepreneur, you need to have good material sourcing, resource management, communication and accounting skills. Yet, trying to juggle too many things yourself can prove to be tiring and inefficient in the long run. Therefore, rather than trying to do everything on your own, it is preferable to use the services of experienced professionals in running your business; having a good accountant is one of the most crucial factors that determines how well your business records are kept.

Role of an Accountant
Several accountants in Vancouver provide their services to businesses in different fields. Their knowledge of the tax laws and other reporting regulations specified by the Canada Revenue Agency makes them an invaluable source of financial advice. Besides this area, accountants also help you make sound decisions regarding incorporating your business, the pros and cons of investing in a particular area or even purchasing assets for your company.

How to Choose an Accountant
While accountants in Vancouver are easy to find, you ought to exercise caution in making your selection. Here are a few things to consider to ensure you find a good accountant.

• Find out what other people have to say about an accountant before hiring. Get feedback from some other firm that has used their services – are they sufficiently knowledgeable, prompt in their service and good at communicating?

• Whenever possible, try to use an accountant who has referrals from someone known to you. Whether it is a family member or a close friend who has recommended a particular accountant firm, ask the same questions as mentioned above to ensure you are making the right decision.

• Speak to the accountants you have shortlisted and get details of their education and level of experience with accounting in Vancouver.

• Ask if they are familiar with your specific area of business and although this is not a must, it makes good business sense to hire someone with such expertise. For example, if your business involves a large amount of dealing with European clients, it is preferable to hire an accountant who is familiar with that particular country’s financial and legal obligations and tax laws.

• Specifically ask about the payment terms and the fee the accountant charges. Of course, the expense of hiring a particular accountant should not be a primary criterion in making the final decision because expertise always comes at a price. However, it is vital you match the qualifications and experience to the nature of work your business presents. Unless you do this, you may end up either spending more for poor quality accounting work or scrimping on expenses and getting shoddy work in return.

Having a good accountant is vital to not just maintaining your financial records and pay your taxes; it is also crucial to help you plan a bright financial future for your business. Considering this, you ought to make sure that you hire an accountant who has a genuine interest in helping you invest wisely and save money besides helping you with maintaining business records.

Article Source: http://www.abcarticledirectory.com

Mackenzie group is one such Accountants in Vancouver that holds the team of best Accounting.

Posted on 2012-11-06, By: james federer *

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