10 Questions to Ask When Hiring an Accountant

Choosing the right accountant is one of the most important decisions for your business or personal finances. A good accountant can save you time, money, and stress while providing invaluable insights into your financial health. But how do you ensure you’re hiring the right one? Here are 10 essential questions to ask when hiring an accountant:

1. What Experience Do You Have with My Industry?

Different industries have unique financial challenges and regulations. Hiring an accountant with experience in your specific field ensures they understand your needs and can provide relevant advice. For instance, if you run a retail business, an accountant familiar with inventory management and sales tax is a must.

2. Are You a Certified or Chartered Accountant?

Confirm that the accountant holds the appropriate qualifications, such as being a Certified Public Accountant (CPA) or Chartered Accountant (CA). These certifications demonstrate that they’ve met rigorous educational and professional standards.

3. What Services Do You Offer?

Not all accountants provide the same services. Some specialise in bookkeeping, while others focus on tax planning, payroll, or business consultancy. Make sure their services align with your needs now and as you grow.

4. How Do You Communicate with Clients?

Clear and consistent communication is key to a good working relationship. Ask how often they’ll update you, what their preferred communication methods (e.g., email, phone, or in-person) are, and what their response time is to queries.

5. What Are Your Fees, and How Are They Structured

Understanding their pricing is crucial to avoid unexpected costs. Do they charge hourly, monthly, or per project? Are there additional fees for specific services like tax returns or audits? Transparency in fees ensures there are no surprises down the line.

6. Can You Provide References or Testimonials?

An experienced accountant should have a list of satisfied clients who can vouch for their expertise. Don’t hesitate to ask for references or read reviews to understand their track record.

7. How Do You Stay Up to Date with Tax Laws and Regulations?

Tax laws and financial regulations change frequently. A good accountant stays current by attending professional development courses or subscribing to industry updates. This ensures they can provide accurate advice and compliance support.

8. What Technology Do You Use?

Modern accountants often rely on cloud-based accounting software and other tools to streamline processes and improve accuracy. Ask if they’re familiar with platforms like QuickBooks, Xero, or other software you’re already using.

9. How Can You Help Me Save Money or Grow My Business?

A great accountant doesn’t just crunch numbers—they add value by identifying tax-saving opportunities, streamlining expenses, and providing strategic advice to support your business’s growth.

10. What Happens If I Get Audited?

An audit can be stressful, but a knowledgeable accountant will guide you through the process. Ask if they offer audit support and how they’ve handled similar situations in the past.

Hiring an accountant is an investment in your financial well-being. By asking these questions, you can ensure they’re the right fit for your needs, whether it’s managing day-to-day bookkeeping or offering strategic advice for growth. Take your time, do your research, and don’t be afraid to interview multiple candidates before making your decision.

The right accountant can make all the difference— contact us to see if we’re the right fit!