Tips for finding the right accountant for your business

Finding the right accountant is often easier said than done. The team at GMD Chartered Accountants share their top tips on finding the right accountant for your business:

1.      Review their qualifications

Don’t be afraid to review the qualifications of your accountant. You can check in on your accountant’s qualification on Linkedin, or conduct research into memberships to professional associations such as the Institute of Chartered Accountants.

Reviewing your accountant’s qualifications will assure you of their expertise and give you peace of mind your business accounting needs are in the right hands, which also means you’ll have more time to assess if they are the right fit for your business!

2.      Ask the right type of questions

The right accountant for you will work hard to understand your unique business needs.

Firstly, while researching for the right accountant it is important to ask technical questions. This will allow you to analyse their responses and be helpful when figuring out if they are a good fit for your business.

Secondly, ask them for their prior experience working for similar businesses. While many accountants work with a variety of different businesses across a wide range of sectors, some accountants will have more experience with certain business types and be more qualified than others to assist you.

You may need an accountant whose expertise is in Self-Managed Super Funds, or someone who has plenty of experience in the Building & Construction sector. Asking these questions will bring you one step closer to finding the right type of accountant for your chartered accountancy needs.

3. Proactive  

You know being proactive is essential for the success of your business, but did you know it is the same for your accountant?

Good accountants are always three steps ahead, favouring a proactive approach to business. A proactive accountant is an invaluable asset for your business, with the added bonus of freeing up your time to focus on other areas of your business growth and ultimately giving you more time to achieve your business goals.

How will you know if your accountant is proactive?

A good way to evaluate this is through asking technical questions and analysing their responses. Another way to gain insight is with client testimonials. Testimonials are a great way to see real-life client feedback like what is available here www.gmdaccounting.com.au/testimonials

 4.      Assess their charges

You need to know upfront the charges for their services they will undertake. We also stress that high fees don’t always equate to quality. Some accountants quote fixed fees. The last thing you want or need is surprise bills. You need to budget accordingly for your business and feeling good about your choice of accountant can depend on the level of transparency around charges for services undertaken.

So when looking for an accountant, remember to: check qualifications and memberships; ask the right questions; be proactive and last but definitely not least, query pricing structures- keeping in mind high fees don’t always equal high quality.

Use these tips in your search for that perfect accountant for your business, and you’ll be much better equipped for choosing an accountant that is right for you.

We invite you to contact us today to request a complimentary, obligation-free meeting to discuss improving your taxation and accounting affairs.