Questions To Ask An Accountant

If you do not have any knowledge or experience with accounting, it is very important to hire an accountant to handle all your business finances.

This will not only prevent you from falling into financial pitfalls but will also enable you to know what all the numbers mean for your business. However, hiring an accountant is not an easy task. You need to be sure you are hiring the right person for the job.

Below are 10 questions to ask before hiring an accountant that will ensure you have the right person for the job.

1. Do you have any experience working in a similar company to this one?

It is very important to choose a person who has experience in working for a business similar to yours. This is because different businesses have different accounting complexities.

2. What is your level of training?

Accountants in Derby have different levels of education and training. The higher the level of education and training the more likely the person is going to offer more services to your company.

3. How much do you charge?

This is a very important question to ask because it enables you to know from the start whether or not your business can afford the services.

4. How much time are you willing to invest in my business?

Your business needs an accountant who is able to provide their services on an on-going basis. This ensures all your finances are sorted out during tax time and throughout the operation of the business. Asking this question basically allows you to know how much you can rely on the accountant.

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5. Can you handle working on multiple entities?

If you have a number of entities in your name, it is very important to know that the accountant will be able to handle all of them with ease. This is a quality that not many accountants possess. Therefore, this is a very important question to ask?

6. Which tax programs do you use?

The choice of tax program affects the ease at which financial information can be transferred from one accountant to another. It is advisable to go for an accountant who uses simpler and popular programs. This will make changing accountants an easy task.

7. How often will we meet to discuss tax issues?

A good accountant will schedule meetings on numerous occasions in order to keep you up to date with everything that is going on in your business.

8. Are you qualified to represent anyone in an IRS audit?

Not all accountants can represent you in an IRS audit. Therefore, it is very important to know whether or not the person is qualified. You never know when you will need such representation.

9. How many IRS audits have you dealt with?

The answer to this question will enable you to know the person’s experience in the field thereby giving you an idea of what to expect in such a situation.

10. How well to you deal with challenges?

Accountants play a very important role in businesses. It is important to know how they would behave in challenging situations in order to determine whether or not they are reliable.