Of the many tasks that entrepreneurs juggle on a given day, monitoring cash flow ranks high on the list. Keeping track of financial activities like vendor payments and tax preparation can be overwhelming. An experienced accountant will ensure your financials are well-organized and legally compliant. If you’re looking to hire one, here’s what to ask to ensure the professional relationship is the right fit. 

What Should Small Business Owners Ask When Hiring Accountants?

What types of services do you provide?

You’ll want to partner with an accountant that offers a variety of services. These can include tax return preparation, bookkeeping, and strategic advisory consulting. An accountant who can tailor their expertise to your company’s different financial aspects will be a long-term asset. 

What is your fee structure?

While some accountants charge a flat rate for their services, others may bill by the hour. Fees can also be based on the number or type of services you want.

Some firms consider the business’s size and complexity of financials when determining rates. Request the accounting firm’s fee structure in writing so that you’re clear on the costs. 

Are business advisory services available?

This question is relevant for both startups and established businesses. There may come a time when your company starts to grow and you need additional employees or a bigger commercial space.

An accountant can provide valuable insights on whether your firm is in a strong enough financial position to expand. They’ll take a look at the hard numbers and give you advice on how to proceed.

When are you available?

Will you be able to pick up the phone at any time to call your accountant? Or are they only available during the months leading up to tax filing deadlines?

Most businesses need assistance throughout the year. Ask potential hires about their office hours and whether you’re billed for in-person meetings and phone calls. Inquire about the best methods of communication — email, text, phone, face-to-face, or a combination of all four. 

As a business owner, you’ll want an accountant who puts your company’s financial priorities first. Roy E. Carter, CPA, PC, in Staunton, VA, provides customized accounting services to businesses of all sizes and types. These professionals help with tax return preparation, bookkeeping, and small business advising. Count on the latest accounting software from this QuickBooks® specialist to accommodate your company’s financials. To learn more about how the firm can help your business, call (540) 886-6251 or visit the website.