Episode 22 - What to look for in an accountant

In this episode, Jeff and Kristin discuss what you should look for in a new accountant. We also discuss copyright law and the recent IRS outage.

In the news

Before I can fix this tractor, we need to fix copyright law

IRS resolves e-file outage

What to look for in an accountant

This week's topic was inspired by a question I was asked by Clay Shaver of the Remodeling Clay Podcast (one of my favorite podcasts). Clay asked, "What should I look for when hiring an accountant?" First, you are looking for a trusted advisor, not just a tax preparer. Here are some of the questions you should be asking when hiring an accountant to work with you and your business:

  • What types of business do you work with? Ask this question before discussing your business.
  • Ask about his/her education because anyone can prepare taxes. Look for someone with degrees in accounting.
  • Ask about his/her experience before he/she started preparing taxes in his/her own business.
  • What type of licensing does the person have?
  • What type of continuing education does the person do? What topics are focused on?
  • Which accounting system is the person familiar with?
  • What other services does the firm provide other than taxes?
  • How many clients does the firm have and how many staff people are there?
  • What is the average turn around time for a tax return?
  • How many tax returns are put on extension each year?

App of the week

Quickbooks Online App for your phone

Tip of the week

If you haven't started working on your taxes yet, what are you waiting for? Start now!

Other mentions


Cloud-Based Accounting Systems:

The Small Biz Life Community (a closed group)

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