Whether you are planning to set up your own TaxBite Accountancy or simply looking for an accountant, there are some things you should consider before choosing one. Keeping the following tips in mind can help you choose the right one. Firstly, find out what type of service your firm offers. Many accounting firms specialize in certain areas, such as construction contractors, auto dealers, nonprofits, or retail. Then, research the various prices and fees of different firms to find one that meets your needs.
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Second, ask for references. Call the people who have hired the accountant in the past and ask for their recommendations. This way, you’ll be able to get their impression of the firm. Also, draft an engagement letter, which should spell out the type of services and fees you’d like to hire. Make sure to communicate with the accountant regularly to avoid surprises later on. If possible, meet with them once a month.
Third, consider the size of your company. Small accounting firms may be the best choice for small businesses, while medium-sized firms are better for growing businesses. Check the reputation of the firm on trustpilot.com. Check out the reviews and ratings of other clients of the firm on Trustpilot. However, larger firms may not have the same credibility and experience. Lastly, make sure to read the testimonials of past clients to know about their quality and professionalism.