What To Ask Your Accountant Before Hiring Them

Finding an accountant is no joke. To add to the pressure, your choice can make or break your business. It is therefore important to know all that you have to about choosing and hiring an accountant. In the Melbourne area, you will find a lot of CPA firms offering all kinds of accounting service to businesses. To make sure that you have the right Melbourne accountant to help your business out, these questions should help purge out the information you need to make that big decision.

Why should we choose you?

Sure, this is a common and even cliché kind of question. However, you will be surprised at how the answers can help formulate an idea on who is the best fit for your needs. The type of answer given will give you insight as to what the Melbourne accountant can bring to the table. A key answer to take note of is how the accountant will bring financial value to your business. The accountant isn’t just someone you hire to handle the finances of the business – they should act as a business partner too! Pay close attention to the methods they use to show you how they can achieve the same. What knowledge or skills do they bring that others can’t?

Hence, experts suggest meeting or talking to at least three candidates before you choose. This will give you the opportunity to do some comparison. You therefore have to do your research too as this will give you the tools needed to formulate the right questions to ask.

What is your qualification level?

Claiming that an accountant has the knowledge and experience in the industry is the easy part. Proving it is the hard part. What type of certifications do a particular accountant you’re considering has? What specific industry do they have expertise in? Are they part of an accounting firm or working independently? These factors can contribute to your decision on which to hire and will ultimately impact how you do your business as well. Check out Moran Chartered Accountants

What can you do for my (our) business?

It is a given knowledge that accountants handle the payroll processing, benefits and tax compliance for the business and its employees. However, a good accountant will offer more. They can help you sell shares, find grants, or formulate tax relief schemes.

This is what separates good accountants from the best! Their ability to save your business considerable amount of money and optimizing the use of business resources can outweigh the cost of employing them.

Firm or Individual?

This is the final yet equally important consideration for hiring an accountant. Most businesses prefer working with accountants who are part of a large accounting firm. While there are individual practitioners out there who are good, and worth considering if you have a limited budget, established accounting firms will give you more peace of mind. But when you do hire through a firm, you should be given an option to choose which accountant to handle your account.

When it comes to choosing a Melbourne accountant or firm, reputation and a good track record is an important factor you cannot easily dismiss. Find out how Moran Accountants remain as one of the top firms in Melbourne since 1972: http://www.moranaccountants.com.au/.