Not every small business owner wishes to know where to look for a reputable accountant. And it’s perfectly normal if you don’t think it’s the best match for you.
But, if you ever feel that you need some additional help during tax season, it’s good to know what to look for in a tax accountant, as well as when and how to locate the best one for your business.
It’s important to know what the perfect professional looks like when you hire someone to handle your company taxes.
You should look for a few main qualities in a good accountant, including:
1. Professionalism in managing your tax
Only because anyone has the designation of “accountant” does not mean they are eligible to manage the company’s taxes.
As previously said, company taxes are incredibly complicated and constantly evolving. When you employ an accountant, make sure they specialize in taxation and are up to speed with the current or potential improvements to the tax environment for companies.
2. Demonstrate interested in learning about you and your company
The thing you want is an accountant who deals for customers in a one-size-fits-all way. Every company (including yours!) is special, and as a result, tax season poses a unique set of challenges.
The right tax advisor would take a sincere interest in learning about you and your business. They’ll ask you questions, look at your financials, and offer ideas to help you make the best out of your company taxes.
The more they understand you and your company, the better job they’ll be able to do—and the process would be smoother for both of you.
3. Have working experience with small businesses
Company taxes are not always made equal; paying taxes for a large company varies greatly from filing taxes for a small enterprise.
Accountants who specialize in small business taxation will carry a greater degree of knowledge and skills to the table, making the process of filing the taxes quicker and less frustrating.
4. Are imperfectly organized, paying close attention to detail
Business taxes are a complicated task with many moving pieces. There’s paperwork to compile, forms to fill out, deadlines to reach… there’s a lot to keep track of, which is why hiring an accountant who is highly structured and pays careful attention to detail is crucial.
As previously said, making tax errors can be extremely costly to the business. When you employ a tax accountant, you would trust that they can oversee the whole operation from start to finish. More specifically, they must be able to handle the operation without making any errors.
When it comes to tax time, a decent accountant would have a foolproof organizational framework in place, which involves looking over any form with a fine-tooth comb to ensure no i’s or t’s are left uncrossed.
5. Have exceptionally good listening skills
Obviously, you’ll need to employ a tax accountant with a strong mathematical background. However, recruiting a tax accountant with outstanding listening skills is a bit less evident.
Having your taxes completed can be a difficult, time-consuming, and exhausting operation. And if you deal with an accountant who doesn’t connect with you, the process would be immeasurably more stressful.
A good accountant would encourage open dialogue, keep you informed about the status of your taxes, and be available to answer any questions you might have about the procedure.
6. Are there attitude matches?
Throughout tax season, you’ll be working closely with your accountant. But why not partner with someone you enjoy?
Having a tax accountant with whom you get along will make the task of filing your company taxes a lot more pleasurable.
You don’t have to be BFFs or something, so it’s certainly a plus if you can find an accountant that shares your style.
Just like Mount Juliet CPAdo. They will have a user-friendly conversation with you and this will bring more comfortable communication for managing your taxes.
7. May serve as your agent in an audit
You wouldn’t get audited in a perfect world, particularly after hiring an accountant to handle your taxes. However, since we do not live in an ideal universe, you must guarantee that every tax accountant you employ has the requisite qualifications to represent you in an audit.
A certified public accountant (CPA), an enrolled agent (EA), or an attorney are the three types of tax experts that will represent you in an audit. You run the risk of trying to deal with the IRS on your own if you employ a specialist who lacks one of those qualifications.