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Having a professional accountant to help you deal with taxes in your business is very crucial to your success. Hiring the right accountant is even more crucial. If you don't know well about your accountant before you hire him, he will end up ruin your business instead of helping you save money on taxes and business expenses. Here are a few tips to help you hire the right chartered accountant firm for your small business.

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Qualifications


When you are selecting which accountant to hire, it is important to look at his qualifications. Most people will advise you that you should hire a public certified accountant (CPA) since CPAs have to go through vigorous certification examinations and have broader knowledge as well as experience in financial planning. However, the choice is much yours, and you should be open to many options available, such as an Enrolled Agent (EA). If your business is just starting up and you don't need vigorous financial planning, you can just hire a bookkeeper or professional tax preparer.


The Industry and Past Clients


You should ask for the field of expertise when you hire an accountant. Each accountant has different experience working in specific fields in the industry. You have to make sure your accountant understands the scope of your business and has experience working with clients in your industry in the past.


Who Will Be Doing the Work?


You should ask your potential accountant this question, since many professional Accountants now outsource the work to someone else. To ensure that you receive best value for your money, you should only choose an accountant who does all the work by himself. If you hire an accountant firm, inquire about who will do the work for your company and make a wise decision.


Availability


Some CPA companies are available all year round while others are only available during tax time. If you are going to need help all year round, you need to find a suitable service.


Is Your Accountant More Conservative or Aggressive?


Some accountants are aggressive and try to write off anything they can. They may save you a lot of money on deductions. However, in the long run, you may end up running into problems when the IRS performs an audit on your business.


What Is His Experience With the IRS?


An ideal accountant should know how the IRS works and work his best to safeguard your rights and profits. He will try to save you as much tax money as possible, while ensuring that you will not run into any problem with the IRS.


Hiring a trustworthy accountant is very crucial to your business success. He will take care of the cashflow, while you can focus on making more and expanding your business. Don't make the mistake of rushing to choosing someone without doing your homework. There are all kinds of accountant firms out there, and some may be more unscrupulous than others. The last thing you want is to have the IRS come after you .