Whether you're a business owner preparing for tax season or a parent in charge of your household's budget, some financial guidance can lead to big savings. An accounting specialist can offer customized assistance, but it can be hard to determine which accountant to trust. After all, they will be viewing sensitive information, so you'll want to do your due diligence to weed out the bad ones from the good ones. Here’s a guide on what to look for in an accountant and what questions to ask them. 

How Can You Identify a Good Accountant?

A good accountant builds their professional reputation on ethical service for their clients. Therefore, an accounting firm that's highly recommended by others will likely be safe. Ideally, you'll also want to hire a certified public accountant, as these specialists have undergone rigorous industry and state measures to become licensed and certified. A trustworthy CPA is committed to clear communication, transparency, and following the rules, and the best ones will also provide guidance proactively to help improve your financial situation.

A trustworthy accountant will keep you in control of your finances. They shouldn’t pressure you to give them authority to sign on your behalf for bank accounts, tax returns, loans, or credit cards. They should also be diligent about submitting accurate, timely information to the IRS and other regulatory authorities. Additionally, how they interact with you and other clients matters. A reliable accountant should keep your financial matters private from others and avoid discussing their other clients with you. If you have questions about their recommendations, make sure they provide thorough, specific answers.

What Questions Should You Ask an Accountant?

Do You Specialize in Specific Industries?

If you're a business owner, you'll want to partner with an accounting specialist who has experience in your industry. They'll be able to provide tax compliance strategies and other expertise that may benefit you. If you're not a business owner, seek out professionals who have detailed experience with personal tax preparation.

Can I See Client Referrals?

Professional accountants understand that their reputation is everything, so an experienced one will gladly give you the names of existing clients if you ask. Look for referrals from individuals who have the same accounting needs as you.

What Are Your Service and Fee Structures?

An accountant should give you upfront information about what accounting services are available and their costs. For example, is there a suite of services, or can you choose à la carte? Additionally, ask how accessible the accountant will be—daily, weekly, monthly, or quarterly.

The office of Wilson, Rea, Beckel & Associates CPAs LLC works with a wide range of entrepreneurs and individuals, providing customized accounting services. Based in Pagosa Springs, CO, and serving Four Corners and the surrounding areas, this firm offers everything from tax preparation and payroll services to retirement planning. To learn more, call (970) 731-1040 or visit their website.