How to Find a Small Business Accountant

hiring an accountant for small business

A business accountant oversees bookkeeping, deals with financial paperwork, and helps your business handle its cash flow. A certified public accountant (CPA) can also provide financial advice to your business, from telling you what constitutes a write-off to helping you make important spending and saving decisions. Finally, pay close attention to your prospective accountant’s behavior.

  • ICAEW Chartered Accountants, for example, have a minimum of three years’ in-depth training which includes practical experience.
  • Financial needs and tax situations vary by company, for example, sole proprietors don’t have the same needs as owners who have employees.
  • While possible, it requires a good understanding of tax laws and financial records.
  • —and break down what kind of overall costs you can expect and what small business accountant fees look like.
  • If you have a complicated accounting situation, you probably don’t want someone who just graduated from accounting school.
  • Accountants can save small businesses time and money by handling essential tasks like payroll, taxes, and auditing.

Just like with hiring any employee, you must meet the person face to face to assess whether or not you think they’d be a good fit for your small business. While you’ll always want to hire an employee with the technical skills you’re searching for, finding someone you’ll enjoy working with is just as important. But like all business decisions, you want to ensure you’re making the right one. To help you decide if hiring an accountant is right for you, read through our ultimate guide for how to find an accountant for small business. Our professional business brokers can help you narrow down the type of accountant that’s right for you, and can help with referrals. However, depending on your situation, an external firm might be easier for you to retain for specific accounting needs as they arise, such as taxes or specific investments.

What types of services do you offer, and which is your specialty?

When considering whether to hire a business accountant, ask yourself if there are any specific financial issues you need help with. First, you’ll need to determine what functions you want an accountant to assist with, as well as how often you’ll require their services. Start by making a list of priorities—the items that need attention right away, and the ones that will need to be addressed within six months. Next, you’ll have to pick if you want to work with an independent accountant or an accounting firm. No matter which you opt for, you’ll want to select someone who has plenty of experience with the type of small business you have and who you feel comfortable sharing sensitive information with.

hiring an accountant for small business

The exact services, duration, and fees of the relationship with your accountant should be spelled out in writing. Just as you would with any major decision or purchase for your small business, shop around your accountant options. If you get quotes from multiple firms, you’ll get a sense of what kind of offers you can go with. In the best cases, an accountant can be a valued adviser for your business. A great business accountant can help you grow over time by giving you the financial capacity to do so.


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