How an Accountant Can Help a Small Business Owner

prospective accountant

Also ask how readily available your accountant is going to be, how much time they will dedicate to you, and whether the work will be done at your place of business or the accountant’s. Costs will vary widely depending on where you are located, what states you do business in and whether you choose an accountant or an accounting firm. As a general rule, you will either pay a fee per service, or an hourly rate. The most qualified business accountants will have more than just tax and auditing services to offer, so get a sense of what else the candidate can do for your business. Before you sign up for just any business accountant, ask whether the candidate has any experience in your given industry. Many accountants specialize in certain industries, so if you run a very specific business with certain accounting needs, you’ll want an advisor who has experience in your industry. This is a great (and probably the best!) reason to hire a business accountant.


Go ahead and piggyback on their success—you how to find an accountant for small business have to always learn everything from scratch! If all of this sounds more like a marriage than a business relationship, there’s a good reason for that! Your accountant will become intimately involved with the operation of your company so it’s not a decision to be taken lightly. You will need one you can trust, who has the necessary experience and who will be there when you need them.


If you choose to work with an accounting firm, make sure you meet face-to-face with the actual accountant that will work with your business. If you’re a very small business, it’s probably best to work with a similarly small accounting firm—your business will just get more attention. If you’re a small business working with a big firm, you might be handed off to a more junior-level accountant. If you are starting a small business on a limited budget, you might not want to spend the money to hire an accountant. However, if you lack experience in managing the financials of a business, you might want to hire an accountant.

What does an accountant do for a small business?

A business accountant examines your company's finances and prepares financial reports. Their job is to make sure your data is correct and your taxes are paid correctly and on time. Some may also provide bookkeeping services.

You can also keep reading to help identify the key things you need to look for when searching for an accountant. If we’re unable to support then we have a range of other accountants that we work with who will be able to help you. Ok, given that we just said that it’s important to check out reviews, then TrustPilot is a really great place to either find or verify an accountant. It can be a decent option to find some accountants although it seems that most profiles generally don’t have a large number of reviews. You can also explore different accountants and invite them to provide you with a quote – here’s our Bark Accountant profile. The process is pretty simple to get an accountant quote and you can get quotes from up to 5 accountants. Unlike Xero, their accountant search allows you to easily explore and identify accountants by a range of different skills.

Chartered Global Management Accountant (CGMA)

As part of an initial consultation with an accountant, ask them about the services they provide their clients. Discuss how they work with clients and how much experience they have in your industry.


This service includes a tax return CT600 filing to Companies House and HMRC for micro businesses. If your needs are more bespoke, you can request a custom quote to see the firm’s fees up front. But after a certain point in time, it does make sense to hire a professional or a team of accountants to handle accounting, payroll, and tax responsibilities. Whether you need a CPA or a solo accounting firm depends on the scale of your business and the number of transaction you do per month.

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3) Prepare a short list of questions you want to ask prospective accountants. Ask him or her about his education (such as whether he’s a CA or CGA) and about his experience with your industry. You can also check with their professional association to see if their stated qualifications are valid and there are no outstanding disciplinary issues. 2) Call the four or five accountants you’ve selected and ask to discuss their services. If you’ve got a specific question that needs answering, try bookkeeping software Bench’s accounting expert Q&A.

They may be able to help you change business structures in a way that will help you save on taxes. For instance, some LLCs can file as S corps which reduces their likelihood of being audited.

How to choose an accountant for your small business

Aside from rote and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts. Through ratio analysis, accountants pinpoint the areas where your business could improve efficiency, boosting your bottom line. Business owners lean on their accountants to suggest changes to the business model that can yield profits.

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