Getting started with a small business is an overwhelming task for the best of us. It’s a convoluted process of permits, financial wizardry, pure logistics, and always brings some entirely unexpected surprises along with it.
A simple way to help wrangle the challenges of this tough period is to make sure you’re asking your accountant the right questions from the word “go.” With that in mind, here are the top 3 key questions small business owners should ask their new accountant:
- How much will ongoing services cost? There’s no need to deal with a nasty surprise when your accountant’s bill rolls in. Some accountants offer starting rates that end up expanding later on; others are consistent and even offer lower loyalty rates for longtime customers. Make sure you’re on the same page as your accountant for the fees for all services rendered.
- How many services are available? Not all accountants provide the same services as each other. Some are focused more squarely on tax prep; others get their hands dirty with bookkeeping, payroll, and more. There may be some tasks you’re taking upon yourself that your accountant will happily handle for you. Make sure to ask!
- Are they experienced with the small business space? New small businesses have a lot of unique needs, and can’t be handled in the same way as larger regional businesses, large businesses, and certainly not like private individuals. Try to get a prospective accountant to spell out their investment in the small business space.
These three key questions will get you on the right foot with your potential new accountant. The best results, of course, come from accountants who have the answers to all of these questions, and more, ready to go before you even ask.
The small business accounting professionals at Complete Tax and Notary Services meet that criterion easily. Want to learn more about how we can help your small business get started the right way? Contact us for a consultation today.