Top Five Things to Look for When Hiring an Accountant
Finding the right accountant for your business is essential for the success and security of your financial records. Therefore, it is important to take time to find an accountant who is reliable, knowledgeable and has the experience necessary to be a reliable partner in your financial success. However, with so many accountants out there, how do you know who to choose?
In this blog, ACT Services outlines the top five things to look for when hiring an accountant to ensure you find the best fit for your business.
1. Tax planning expertise
When deciding which accountant to hire, one of the most important things to consider is their expertise in tax planning. You want to make sure that your accountant has experience not just in filing taxes but also in helping you develop strategies and plans for minimizing your tax liability. An experienced tax planner will be able to advise you on how best to structure your finances and investments in order to maximize the benefits available through different tax deductions and credits.
2. Knowledge of tax matters
Another thing to consider when looking for an accountant is their knowledge of tax matters. It’s important to find an accountant who is knowledgeable about current tax laws and regulations as well as any new changes that may have been put into place recently. A good accountant will be familiar with all of these issues and will have no problem giving you sound advice on how best to handle them.
3. Designated accountant
When it comes to finding an accountant, you want someone who has been certified by the appropriate governing bodies and has the qualifications necessary for the job. Make sure that your potential accountants have received their professional designation from organizations such as CPA Canada or CPA Ontario. This will ensure that they have met the required educational and experience standards to qualify as an accountant.
4. Think outside the box
It’s important that any potential accountants you consider have a creative and innovative mindset. You want someone who is not afraid to think outside of the box and provide unique solutions to complex financial problems. They should be up-to-date on current trends in accounting and finance, such as blockchain technology, cryptocurrencies, and artificial intelligence (AI). A creative approach can lead to cost savings or uncover new revenue sources that you may not have considered before.
5. Can do attitude and empathy with clients
Your accountant should also be someone who is willing to take the initiative and has a “can do” attitude when it comes to solving your business’s financial issues. They should be able to communicate effectively with their clients, understand their needs, and show empathy towards them in difficult situations. An accountant with these qualities will go above and beyond what is expected of them, providing excellent customer service while still delivering results.
If you are looking for experienced accountants in Ottawa, Toronto, Arnprior, and Pembroke, ON, reach out to us at ACT Services. With over twenty-five years of experience in accounting, taxation, and advisory, we believe in a personal yet professional approach and provide services to businesses, corporations, and individuals.
We offer services like accounting, tax planning, management consulting, business advisory, financial statements, book-keeping, personal tax, payroll services, and more to clients across Toronto, Brampton, Mississauga, Vaughan, Markham, Ottawa, Kemptville, Carleton Place, Pembroke, Petawawa, Eganville, Arnprior, Shawville, Pakenham, Mississippi Mills, Braeside, Ontario and the surrounding areas.
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To learn more about the services we offer, please click here. To get in touch with us, please click here or call us at Headquarters - (613) 738-7712, Ottawa - (613) 738-7712, Toronto - (647) 848-101, Pembroke - (613) 735-3092.
