4 Questions to Ask When Hiring an Accountant for Your Small Business
If you’re an entrepreneur looking to scale your business, you probably have many questions to ask an accountant -because almost every decision you make can affect your tax liability.
For example, if you are bringing in new hires, how much payroll tax you will have to pay? If you purchase new equipment, can you deduct the cost on your tax return this year, or do you let your asset depreciate? Which business model will help you save most on taxes?
Business Owners Need Tax Consultants
Completing a tax return is more complex when you own a business. Entrepreneurs can’t simply just fill out a few forms and hit send once a year in May. They plan their taxes all year long. Some file monthly and quarterly payroll and sales taxes, and they’re continually looking for ways to minimize their total tax bill.
All these activities can leave you drifting in an ocean of question marks. But you don’t have to go it alone. If you build a long-term relationship with regnskapsfører you can trust, you gain an adviser you can turn to when you’re making a decision that will affect your business financial health. And you can be proactive about your taxes instead of discounting them and cleaning up the mess later.
There are tons of professional Regnskapstjenester Oslo available to help small business owners, but you can’t trust your organization to just anyone. Here are some questions to ask your future accountant and get the conversation started.
- How much expertise do you have working with a business like mine?
Every company has unique accounting needs. Look for a professional with expertise working with companies in your industry or companies that operate like yours. If you can, ask the accountant for a reference from another organization owner in your industry. By doing so, you can find more about how that professional works and how they could help your business.
- How often will we be able to meet throughout the year?
When you hire a tax professional, you’re not just hiring someone to help get you through tax season. One of the most important things a tax professional can provide through the year is education and tax planning, and that will make tax season much bearable. Find someone who’ll be available to meet a few times a year – at least once a quarter – to discuss upcoming financial decisions and your current financials.
- What is your tax philosophy?
Some accounting professionals are cautious about taking tax deductions. They’re advisors who provide in-depth insight into your financials and offer advice and strategies to boost your bottom line.
- Can I trust you if I get audited?
The IRS has severe rules about who can represent taxpayers in audits. Attorneys certified public accountants and enrolled agents have unlimited representation rights. If you’re concerned about an audit, considering hiring a tripletex regnskapsfører. Other tax preparers have limited representation wights in audits.
Coming up with a set of questions to ask your future accountant can help you make sure that you’re hiring the right professional for the job. Having an accountant on your side can help make sure tax season goes smoothly and keep your business flourishing all year long.