Chartered accountants are essential and play a key role in deciding the success of the business. For those business owners who feel that hiring a professional accountant isn’t a very healthy activity for a new business setup, they are wrong. A professional accountant is not an additional expenditure, but actually an asset for the business setup.
Why hire an accountant for your business?
As soon as you launch your business, hire a chartered accountant for the same. Here’s what a chartered accountant will help you with:
- Set your accounting and payroll systems effectively
- Help in the filing of tax returns
- Act as your financial advisor
- Keep a check on the business’ cash flow
- Help in business invoicing
How to choose an ideal accountant for your business?
Hiring a chartered accountant for your business isn’t enough. It is necessary that as an entrepreneur, you pick the right professional to handle the accounts of your business. The person handling your accounts should be well-qualified and well-versed with the intricacies in the field of accounting. Here’s how to pick the right one:
- Lay down the criteria beforehand
Before interviewing a candidate for the accountant’s job, lay down the kind of job prospect you have in mind for them.
- Have a detailed interview
Clear all your queries regarding their work profile, what is the strategy they are having in mind, what improvements in the business do they promise, etc. Explore their portfolio, strengths as well as weaknesses in an elaborate interview.
- Know their past experience; a complete background check
Do a complete check on their past works as a chartered accountant, look for recommendations as well as references. Their qualifications, experience in the field with clients from different sectors will talk for them.
- Have a friendly conversation for better judgment
Remember, not all conversations can be covered up in a formal interview. Thus, have a friendly conversation towards the end. Try to get a clearer judgment on whether the candidate is approachable, likeable and is respectful towards you.
- Make sure the accountant is up-to-date in the field
The accountant should be well-versed with traditional as well as modern-era, tech-savvy methods of accounting.
- Have a review period for better understanding
It is essential that you ask for a review period before making the final decision. This is necessary to maintain a healthy relationship for the future.
- Have a clear understanding of the tasks they are promising to perform
Make a note of the tasks they are promising to perform for the betterment of your business. Look for the potential in their words and decide on the basis of that.
If you are planning to start a business soon or are already an entrepreneur in any of the sectors, hire a well-qualified chartered accountant from Intel Accountants. The firm has skilled accountants who can guide you through and provide you with expert advice. Pick the best-suited package and get assistance with all the financial and accounting matters whether it is filing GST and other tax returns, deciding a good payroll system or any other accounting job at your business.
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