Having someone on board who can offer valuable accounting advice at every turn is crucial for quite a few small business owners. But selecting the most competent and promising candidate from a large number of applicants can be painstaking and challenging, to say the least. You want to hire someone can communicate well, help you to prepare strategies as well as optimize your capital investments and maximize your finances, is ready to adapt to the risk tolerance of your business portfolio within reason, and is affordable.
You should always look for the following four fundamental qualities when planning to employ a Surrey Accountant to take care of your accounts.
Your accountants know their weaknesses
If your accountant believes they are perfect and never committed any mistake, then rest assured that you have hired the wrong one. Nobody is perfect and all these characteristics cannot be encompassed by one individual. Enquire about the weaknesses of your interviewees, and if they are honest and good, they will confess their limitations and speak about how their team praises their work. They should be engaged and busy, and their services will not be inexpensive but should be reasonably affordable.
You can share the risk tolerance of your trade with your accountants
You are never going to find a professional surrey accountant who is prepared to share the risk tolerance of your industry in its entirety. They should be creative, though not too risky. However, they should not be too orthodox in their approaches and thought-processes. Ask them straight how they are to treat particular types of deductions, strategies, or income to examine if they live up to your expectations. If your accountant declines to be versatile, then you have designated a wrong person for that task.
You can understand what your accountants are saying
If you are overwhelmed and confused after a discussion with your potential accountants, keep going with your interviews until and unless you can find a person who does not speak jargon, can explain the tax laws and the figures at a level within your comprehension and is capable of delivering engaging conversations.
The team of your accountants is better when compared with themselves
Consider it a genuine red flag if your accountant believes to be better than the team, or plans on solely managing all the responsibilities. You need a Surrey Accountant who can provide strategies and lead a group of people, not someone who is merely doing some number crunching and filing your tax returns. Your accountant should be able to assess your financial health at any given point of time, as well as review and analyze your tax returns. As the accountant in your organization will be interacting with your staffs most of the time, make sure to recruit someone who is kind, helpful, knowledgeable and cordial.