Portrait Of Accountant Smiling Together With Clients

How To Choose The Right Accountant

Finding the right accountant for your business is an important step towards financial stability. However, with numerous options available, how do you find an accountant who can understand your business and provide the support you need? This guide aims to streamline your search so you can find an accountant who aligns with your financial goals.

Identify Your Needs

It’s important to understand your needs before seeking an accountant. This requires honest introspection:

  • Are you a business owner requiring advice on financial growth?
  • Are you a self-employed professional seeking tax advice?
  • Are you an individual needing guidance on personal finances?

Each of these scenarios calls for an accountant with the relevant experience. Understanding your requirements will guide you towards the right professional.

Verify Qualifications And Experience

Professional accounting bodies regulate the training and certification of accountants. Membership of these bodies indicates the accountant’s adherence to professional standards. These include:

  • Certified Practising Accountants (CPA)
  • Chartered Accountants (CA)
  • Institute of Public Accountants (IPA)

While qualifications are important, they should be supplemented by relevant experience so that the accountant can provide real-world solutions by translating theoretical knowledge into practice.

Explore The Services Offered

Your needs could range from tax planning to business consulting, and it’s important that your accountant is able to match these. Additionally, if you’re in a niche industry, finding an accountant who specialises in your field could provide invaluable, industry-specific insights.

Assess Communication And Accessibility

The value of a qualified accountant decreases if they’re inaccessible when you need them. Establishing clear communication channels and confirming their availability are important factors. An accountant should prioritise client communication, offering prompt responses to your queries.

Build Trust And Compatibility

A relationship with an accountant is built on trust and compatibility. As accountants handle sensitive information and are involved in important financial decisions, find someone you’re comfortable with and can rely on for proper handling of your data.

You can also ask about their data storage and backup protocols, encryption methods and any additional security measures they have implemented to safeguard your data from unauthorised access or breaches.

Check The Level Of Proactiveness

While traditional accounting services like bookkeeping and tax preparation are important, an accountant can offer much more. Look for an accountant who provides strategic advice and guidance by actively seeking opportunities to optimise your financial operation and providing insights to help you make informed business decisions. A proactive accountant can serve as a trusted advisor, offering valuable perspectives on growth opportunities and financial risk management.

Understand Value For Money

While cost is a consideration, the cheapest options may not always offer value. An accountant might charge more but could help you save in the long run through sound financial advice.

Connect With Whitson Dawson: Your Financial Partner In Mackay

At Whitson Dawson, we provide a range of business and financial services to privately owned companies, family groups and individuals throughout Mackay. We serve clients from various industries, including mining, primary production, real estate, hospitality, property development, trades and finance. Whether you need consulting, taxation, accounting or estate planning, contact us for assistance. 

Call (07) 4957 2985