How to Find the Right Accountant
Advice for Women Entrepreneurs
One of the most important advisors a small business owner can have is a good accountant. But how exactly do you find one?
While you don’t technically need an accountant, odds are you going to be too busy focusing on running your business to do all the paperwork yourself.
- Identify every tax deduction you’re entitled to take
- Recognize problems early (such as disappearing inventory, increased costs for products or equipment or customers who aren’t paying on time), before they have a chance to bring down your business
- Maintain your cash flow at acceptable levels
- Figure out whether it’s time to raise (or lower) your prices
- Put together the financial reports you need to get loans and investment, and
- Prepare your tax returns quickly and accurately.
Where to find one
The first place to look for an accountant is the American Institute of Certified Public Accountants which has a directory of CPAs, accounting companies, and local accounting societies. Chartered accountants tend to do commercial work within corporations, rather than doing public practice work for other entities.
If you are more comfortable with a female accountant — as many the majority of startups are now owned by women — you can check out the American Society for Women Accountants.
You can seek recommendations from other small business owners, preferably in a similar in industry to yours. In fact, “the best way to look for an accountant is word of mouth through similar type businesses,” DuBrow told BusinessNewsDaily. Bear in mind that you don’t necessarily need to go to a big firm — some of the best accountants have their own practices and are self practitioners.
Source: BusinessNewsDaily
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
Advice for Women Entrepreneurs.
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