Top Five Things To Look For When Hiring A Chartered Professional Accountant
No matter how small your business is, working with a Chartered Professional Accountant can provide you and your business with innumerable benefits. A CPA will not only ensure that the financial records of your business are accurate but they will also offer expert guidance with tax preparation, business planning, and the company’s financial operations.
For the crucial role they play in a company’s development, it’s imperative that you hire the right accountant who can take your business growth to the next level. However, selecting an accountant from a host of options can be difficult. To help simplify the selection process, here’s a list of the top five things to look for when hiring a Chartered Professional Accountant.
1. Designation
It’s essential that you check your accountant’s qualifications. When you hire a designated Chartered Professional Accountant, you are assured that the person is fully trained to do full-cycle accounting and ensure your corporate and personal taxes are prepared in compliance with the rules and regulations.
2. Background in tax preparation
As a layperson, you may not know of all the tax deductions and allowances and other rules related to taxes. Therefore, whenever possible, find an accountant with a strong background in tax. With judicious tax planning, an experienced tax accountant can save you money by reducing your tax liability.
3. Strategic planning skills
When running a business, strategic planning is very important. An accountant can be a helpful business coach by helping you increase your financial bottom line and improving your financial efficiencies. They can also provide assistance in making decisions regarding expanding, franchising, asset management, or downsizing. No matter what is needed to help your business flourish, a professional accountant with strong strategic planning skills is invaluable.
4. Helps with estate and succession planning
Estate and succession planning is crucial in any business. As you have spent a lifetime building your business, you want to make sure you take the time to plan where and to whom you want your business to go. A reliable CPA can help you assess your options and make your decision based on your business’ management philosophy, productivity, and profitability.
5. Long-term relationship
Choose an accountant who genuinely cares about you and also has like-minded goals. The person you work with should be more than the professional you only see once a year. They should be there to advise you and ensure you are making the best decisions for you and your business throughout the year.
If you’re looking for the services of a Chartered Professional Accountant in West Kelowna, BC, reach out to Executive Accounting Services. Our owner, Rick Keller, has a diverse background in accounting and business management. Under his guidance and expertise, we have been able to provide personalized accounting and tax services to businesses and individuals for over twenty-two years. We can help you achieve your current and future business goals by helping you with full cycle and year-end accounting, strategic business planning, tax preparation, business succession planning, and more. We serve clients across Kelowna, West Kelowna, Peachland, Summerland, Lake Country, Penticton and Vernon, British Columbia.
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