How do I find a good accountant? No matter who you choose, it\u2019s vital that they understand the tax laws that relate to your business. We have nine easy steps to follow if you need to know how to find an accountant.<\/p>\n
If you need to find a CPA or chartered accountant, here are some things to consider to find the right one for your business:<\/p>\n
Plan to conduct a series of interviews. After the first round, you should have a clearer idea of what type of accountant will work best for you. With a clearer vision, you\u2019ll have a better idea of questions to ask for the second round of interviews.<\/p>\n
When looking for an accountant, you should ask candidates to provide you with a list of companies for which they\u2019ve worked, including company size and basic revenue size.<\/p>\n
Your accountant should have experience with businesses your size and larger in case your business grows in the future.<\/p>\n
It\u2019s also best if you choose an accountant that has worked in similar market sectors to yours.<\/p>\n
How do I find my first accountant? Several organizations exist to help advise businesses, including local chambers of commerce.<\/p>\n
These organizations may offer free or low-cost advice, workshops, and Canadian accounting resources<\/a> for businesses like yours. Or you can learn accounting<\/a> to help you understand the financial aspect of your business until you hire an accountant.<\/p>\n Local business owners may be able to offer an idea about accountants they like or dislike to help narrow your choices.<\/p>\n Tapping into your existing social networks can help you uncover potential accountants. Even friends and acquaintances who don\u2019t own their own business may know someone they can recommend to interview.<\/p>\n The personal accountant who fits your friend\u2019s needs may not fit the needs of your business. However, it can\u2019t hurt to interview them to find out how versatile their experience might be.<\/p>\n Sometimes your online connections on FaceBook or more professional sites like LinkedIn might have recommendations for a quality accountant.<\/p>\n If a recommended accountant has a LinkedIn profile, you can research whether they seem like a good fit for your business. You can also use your LinkedIn profile to search for accountants that other people and businesses recommend.<\/p>\n Some accountants charge by the hour, some charge a monthly retainer, while others charge a percentage of your company\u2019s turnover.<\/p>\n It\u2019s a good idea to get a quote on fee rates from all your potential candidates during the interview process. Then, compare the fees when making your final decision. Consider asking the accountant to work with you on a sliding scale dependent on revenue size.<\/p>\n Here are a few topics that are important to include in your interview questions:<\/p>\n A face-to-face meeting can help you gauge how comfortable you are with the potential accountant and how well you communicate. Since your relationship will be a long-term one, how well you work together is important.<\/p>\n Accounting is important for several reasons:<\/p>\n The average hourly cost for a tax accountant in Canada is $300. However, you\u2019ll find some that cost $146 on the low end or $457 on the high end.<\/p>\n The cost depends on who you use and which tax forms they file for your business.<\/p>\n Outsourcing has several advantages.<\/p>\n Outsourcing saves small business owners from having to manage accounting and payroll themselves. It gives them time to manage other business aspects and prevents them from falling behind.<\/p>\n Hiring an accountant offsite also allows you to have fewer onsite employees to manage, which can free up resources.<\/p>\n Without paying a salary, benefits, and insurance for a full-time employee, you save money.\u00a0 Thus, outsourcing your accounting needs is cost-effective, no matter the size of your organization.<\/p>\n If you handle your accounting yourself, you always risk making mistakes that can land you in trouble with CRA. Hiring a professional firm or individual minimizes the risk that your business may not meet legal financial requirements.<\/p>\n Now you know how to find an accountant. Once you\u2019ve found a few candidates, prepared questions, and interviewed prospects, you\u2019ll be ready to make your final choice.<\/p>\n Vetted Accountants can help you find an accountant<\/a> anywhere else across Canada. You can also look for an accountant or firm in the CPA Ontario CPA directories<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" How do I find a good accountant? No matter who you choose, it\u2019s vital that they understand the tax laws that relate to your business. We have nine easy steps to follow if you need to know how to find an accountant. How to Find an Accountant in Canada in 9 Easy Steps Choose a …<\/p>\n5. Tap Into Your Social Networks<\/h3>\n
6. Make Use of Your Connections Online<\/h3>\n
7. Always Negotiate Fees<\/h3>\n
8. Prepare a Short List of Questions You Want to Ask Prospective Accountants<\/h3>\n
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9. Meet with the Prospective Accountant(s) You\u2019ve Chosen, and Ask Questions<\/h3>\n
Why is Accounting Important?<\/h2>\n
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How Much Does a Tax Accountant Cost?<\/h2>\n
What Are the Benefits of Outsourcing Your Accounting Needs?<\/h2>\n
You\u2019ll Save a Lot of Time and Effort<\/h3>\n
You Save Money<\/h3>\n
You Reduce Risks<\/h3>\n
Conclusion<\/h2>\n