1. Business

Questions To Ask Before Hiring Accounting Services in Canada

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As a business owner, you do it all. Keeping the books and accounts yourself can help you during the first days of starting your business. But it takes away time that could have been spent on other revenue-focused tasks. The right accounting firm can be the expert advisor on business management and tax planning you need. To effectively fit into this role, you need to choose the right one. These are the questions to ask when evaluating an accounting partner.

  • What Services Do You Offer?

Accountants specialized in various services. Does this person only prepare tax returns? Will they keep your books organized all year? Can they handle your payroll? 

Make sure your business accountant provides what you need. If they can't handle everything you want them to handle, can they refer you to someone who can handle the rest?

  • How long have you been in business?

More experience is always a good thing, especially if the accountant has worked with companies of a similar size in their field. Be sure to ask for references from similar clients.

  • What are your fees?

How does your accountant invoice? Is it a flat rate for services like offering returns or do you have to pay by the hour or month? Is there a way to get a discount, like signing up for a full year in advance?

  • How do you work?

Confidentiality is vital in this business because accountants have access to sensitive financial information. This question confirms if the counter's working methods are compatible and establishes a relationship. Some considerations, such as whether the accountant focuses on cloud-based technologies, prefers face-to-face communication, or supports virtual work, can influence their opinion.

  • How will you add value to my business?

Every interview you give should be geared toward growing your business. This question investigates how the accountant perceives his role in his business. Forward-thinking accountants can offer accounting practices that guide your business to greater heights. A proactive accountant can help you grow your business. He only pays attention to the expression of his ideas about his business and the opportunities that he is likely to get from the market.

Remember that the right accountant is not just a number checker, but one of the most important partners in your business. This person handles some of the most important financial work, so you need someone you can trust. If you are looking for accounting services in Canada, do not hesitate to contact Teqo Accounting, which has been providing services throughout Canada for years. For further inquiries, call us at +1 (778) 886-0508.

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