A good accountant can save your business thousands of dollars and save countless hours in your valuable time. Conversely, a poor accountant’s mistakes will eat into your profits, cause you ongoing, undue aggravation and can often land you in the scrupulous crosshairs of the Internal Revenue Service. With these important factors on the line, how do you go about selecting an accountant, especially if you have never used one before?

For starters, understand that the selection process will take some time. If you are in a hurry to find an accountant, you will likely settle on the wrong individual. You should budget anywhere from a few days to a few weeks for your selection process. The actual duration depends on the nature and complexity of your business as well as your schedule and candidate availability. When you are ready to get started, follow the steps below.

1. Prepare a business plan – A business plan is a roadmap for your business. At the highest level, a business plan defines your business strategy and projected financial direction. Having a business plan, even as a rough draft, is important since it will help prospective accountants better understand the nature of your business.
2. Define your accounting requirements – What types of assistance do you need from your accountant? Do you want just tax preparation or a complete package including bookkeeping, tax and financial planning, tax preparation and ongoing advice? By understanding your business and background, a good accountant can help you refine the services you need.
3. Make a list of prospective accountants – Begin your list by talking to friends and colleagues. Referrals are always a good starting point. However do not automatically choose an accountant simply because your friend Joe uses him. Due diligence is key in this process. Use the internet and accounting associations to help find quality candidates.
4. Make introduction calls – Call each candidate on your list. Introduce yourself and your business and ask them if they are accepting new clients. If so, schedule a 30 minute interview. Send them your business plan for review prior to the interview. Make sure to leave a message and ask for a callback if the person is not in the office. If they do not call you back within two or three business days, immediately cross them off your list. Do not even consider interviewing an accountant if they do not promptly return your calls.
5. Conduct interviews – Plan to conduct at least five to 10 interviews to make an educated decision. Cover the following questions during your interview:
• What services does the accountant offer? For example, does she only provide tax preparation or complete bookkeeping, tax planning and preparation?
• How long has the individual been a CPA? How many clients does she currently have?
• What are his specialties? Ask him to list his tax strengths as well as areas upon which he continues to improve.
• How would the accountant rank herself in terms of aggressiveness in looking for tax savings? Is she ultra conservative or extremely aggressive? You will likely want an accountant somewhere in the middle with a bias towards the aggressive side.
• What does he like best about his job? What does he like the least?
• How are fees structured and calculated? Does she require a retainer for her services? If so, how much?
• What experience does the individual have providing tax assistance for businesses in your industry?
• Off the
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  about selecting an accountant, especially if you have never used one before?

  For starters, understand that the selection process will take some time. If you are in a hurry to find an accountant, you will likely settle on the wrong individual. You should budget anywhere from a few days to a few weeks for your selection process. The actual duration depends on the nature and complexity of your business as well as your schedule and candidate availability. When you are ready to get started, follow the steps below.

  1. Prepare a business plan – A business plan is a roadmap for your business. At the highest level, a business plan defines your business strategy and projected financial direction. Having a business plan, even as a rough draft, is important since it will help prospective accountants better understand the nature of your business.
  2. Define your accounting requirements – What types of assistance do you need from your accountant? Do you want just tax preparation or a complete package including bookkeeping, tax and financial planning, tax preparation and ongoing advice? By understanding your business and background, a good accountant can help you refine the services you need.
  3. Make a list of prospective accountants – Begin your list by talking to friends and colleagues. Referrals are always a good starting point. However do not automatically choose an accountant simply because your friend Joe uses him. Due diligence is key in this process. Use the internet and accounting associations to help find quality candidates.
  4. Make introduction calls – Call each candidate on your list. Introduce yourself and your business and ask them if they are accepting new clients. If so, schedule a 30 minute interview. Send them your business plan for review prior to the interview. Make sure to leave a message and ask for a callback if the person is not in the office. If they do not call you back within two or three business days, immediately cross them off your list. Do not even consider interviewing an accountant if they do not promptly return your calls.
  5. Conduct interviews – Plan to conduct at least five to 10 interviews to make an educated decision. Cover the following questions during your interview:
  • What services does the accountant offer? For example, does she only provide tax preparation or complete bookkeeping, tax planning and preparation?
  • How long has the individual been a CPA? How many clients does she currently have?
  • What are his specialties? Ask him to list his tax strengths as well as areas upon which he continues to improve.
  • How would the accountant rank herself in terms of aggressiveness in looking for tax savings? Is she ultra conservative or extremely aggressive? You will likely want an accountant somewhere in the middle with a bias towards the aggressive side.
  • What does he like best about his job? What does he like the least?
  • How are fees structured and calculated? Does she require a retainer for her services? If so, how much?
  • What experience does the individual have providing tax assistance for businesses in your industry?
  • Off th
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    e accountants better understand the nature of your business.
  • Define your accounting requirements – What types of assistance do you need from your accountant? Do you want just tax preparation or a complete package including bookkeeping, tax and financial planning, tax preparation and ongoing advice? By understanding your business and background, a good accountant can help you refine the services you need.
  • Make a list of prospective accountants – Begin your list by talking to friends and colleagues. Referrals are always a good starting point. However do not automatically choose an accountant simply because your friend Joe uses him. Due diligence is key in this process. Use the internet and accounting associations to help find quality candidates.
  • Make introduction calls – Call each candidate on your list. Introduce yourself and your business and ask them if they are accepting new clients. If so, schedule a 30 minute interview. Send them your business plan for review prior to the interview. Make sure to leave a message and ask for a callback if the person is not in the office. If they do not call you back within two or three business days, immediately cross them off your list. Do not even consider interviewing an accountant if they do not promptly return your calls.
  • Conduct interviews – Plan to conduct at least five to 10 interviews to make an educated decision. Cover the following questions during your interview:
  • What services does the accountant offer? For example, does she only provide tax preparation or complete bookkeeping, tax planning and preparation?
  • How long has the individual been a CPA? How many clients does she currently have?
  • What are his specialties? Ask him to list his tax strengths as well as areas upon which he continues to improve.
  • How would the accountant rank herself in terms of aggressiveness in looking for tax savings? Is she ultra conservative or extremely aggressive? You will likely want an accountant somewhere in the middle with a bias towards the aggressive side.
  • What does he like best about his job? What does he like the least?
  • How are fees structured and calculated? Does she require a retainer for her services? If so, how much?
  • What experience does the individual have providing tax assistance for businesses in your industry?
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    Payroll processing outsourcing has become a popular option for companies seeking payroll solutions. In payroll processing outsourcing, a group of expert payroll accounting professionals offer exceptional services for proper management of the payroll according to company demands. Reliable and timely delivery of payroll helps the companies to concentrate more on the growth of other departments like research and development of the product and marketing. It relieves the company staff from the hassles of in house processing and processing soft wares.Payroll processing outsourcing ensures on time payment schedule even with last minute alterations. The pay
    ction calls – Call each candidate on your list. Introduce yourself and your business and ask them if they are accepting new clients. If so, schedule a 30 minute interview. Send them your business plan for review prior to the interview. Make sure to leave a message and ask for a callback if the person is not in the office. If they do not call you back within two or three business days, immediately cross them off your list. Do not even consider interviewing an accountant if they do not promptly return your calls.
  • Conduct interviews – Plan to conduct at least five to 10 interviews to make an educated decision. Cover the following questions during your interview:
  • What services does the accountant offer? For example, does she only provide tax preparation or complete bookkeeping, tax planning and preparation?
  • How long has the individual been a CPA? How many clients does she currently have?
  • What are his specialties? Ask him to list his tax strengths as well as areas upon which he continues to improve.
  • How would the accountant rank herself in terms of aggressiveness in looking for tax savings? Is she ultra conservative or extremely aggressive? You will likely want an accountant somewhere in the middle with a bias towards the aggressive side.
  • What does he like best about his job? What does he like the least?
  • How are fees structured and calculated? Does she require a retainer for her services? If so, how much?
  • What experience does the individual have providing tax assistance for businesses in your industry?
  • Off th
    Things To Consider Before Signing An Office Lease
    You have started a new business, or your business has expanded. You need office space, and buying property is not an option. What do you do? Go for leased office space. Before you sign an office lease, you need to keep certain things in mind.1) Location: The choice of the location depends on your business. Do you, for example, work in a field related to law? Then maybe you should consider being near a courthouse or a library. If you need to interact with your clients a lot in person, then you should lease office space near them.2) Lease Term: How long do you want to lease the office for? Most office spaces need to be leased for at least thr
    keeping, tax planning and preparation?
  • How long has the individual been a CPA? How many clients does she currently have?
  • What are his specialties? Ask him to list his tax strengths as well as areas upon which he continues to improve.
  • How would the accountant rank herself in terms of aggressiveness in looking for tax savings? Is she ultra conservative or extremely aggressive? You will likely want an accountant somewhere in the middle with a bias towards the aggressive side.
  • What does he like best about his job? What does he like the least?
  • How are fees structured and calculated? Does she require a retainer for her services? If so, how much?
  • What experience does the individual have providing tax assistance for businesses in your industry?
  • Off the top of her head, ask the candidate to provide you two or three immediate ways you could improve your tax situation. This is a great question since it quickly demonstrates the individual’s experience and how much she understands your business.
  • Review your interview notes – Take copious notes during your interviews. These notes will come in handy when making your selection. After your interviews are complete, review your notes. Narrow prospective candidates to a short list of two or three. Wait a day. Review your short list candidates and then make a final decision.
  • Notify your candidates – First, contact your new accountant. Ask her what she needs from you in order to get started. Next, out of business courtesy, call your other candidates and let them know you selected a different accountant. Thank them for their time.

  With a little time and structure you can be assured of selecting the best accountant for you and your business needs. With this decision made, you can now focus on helping your customers and building your business! What is nice about this process is that you can use a similar approach when evaluating other professional partners such as insurance agents, lawyers, or general contractors.