Top 5 Questions to Ask When Looking to Hire a New Accountant

When it comes time to look for new accounting services in Toronto, you want to hire one that not only helps you save money but also helps you avoid getting into trouble with the IRS, Internal Revenue Service. On top of those things, you also want an accounting firm that provides useful information for your business and is invested in helping you improve your business as well. With that being said, read on below for a few of the top questions you should ask when you are looking to hire a new accountant.

What Kinds of Clients Does he Work for?

When searching for a professional bookkeeper in Toronto, this should be one of the first questions you ask. For example, if you own a restaurant, an accounting firm that deals chiefly with construction companies might not be the best choice for your business. In other words, you need an accountant that has dealt with other businesses like yours, so that he understands the ins and outs of the business.

Is He Available Year Round?

There are many professional bookkeeping services in Toronto that shut down right after April 15 and won’t open again until next tax season. If you are running a small business, you need an accountant you can call on year around, not someone that you can only talk to when the tax man comes calling.

Who will be Doing the Work?

Often you will hire a professional that outsources the bookkeeping work that he gets from small businesses. You want the accounting firm that you spoke with to be the one that handles the work you send. If you are willing to go with a third party to have your accounting and bookkeeping taken care of, then the firm you are signing with needs to be upfront and let you talk to that third party if you feel the need too.

How Does He Bill for His Services?

One of the first things you want to do is get an estimate of how much your bookkeeping service is going to charge. Decide whether you want to be billed hourly or on a flat fee and then make sure that the company you are interviewing for the position is willing to bill in that way.

How Often Will He Be in Touch About Tax Issues?

Turning your taxes and bookkeeping over to a bookkeeping service is a big step for a small business. They have your books in their hands so to speak. You need to know that you will have regular contact with the accountant you hire and that they will be there to discuss issues when you need them to be.

These are just a few of the questions that you should ask before hiring a new accountant for your small business. This is your livelihood and your dream; you deserve the very best to take care of the numbers end of your business. Contact Syed A. Raza Professional Corp. today for more information.

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