top of page
Writer's pictureBalance Point

7 Key Things to Look for When Hiring a Bookkeeping and Accounting Firm for Your Small Business

Updated: Oct 28, 2024

Running a small business can feel overwhelming at times. Are you unsure of how your business is really performing? Do last-minute tax filings or surprise tax bills catch you off guard? Maybe communication with your accountant is unreliable, leaving you stressed and unsure. At Balance Point Tax & Accounting, we understand these frustrations because we've heard them from small business owners like you. But these challenges don’t have to lead to sleepless nights and financial setbacks.

Choosing the right bookkeeping and accounting firm can make a world of difference. The right partnership not only saves you time and money but also gives you peace of mind, knowing your business is on track, and you’re getting the best deal on taxes. Here are seven key things to consider when hiring an accountant for your small

business:


1. Proactive Communication

One of the biggest complaints we hear is that business owners don't hear from their accountants throughout the year. You shouldn’t have to chase down your accountant for updates or advice. A good bookkeeping and accounting firm will reach out to you with regular updates, questions, and advice to keep you ahead of potential issues. How often will your accounting firm check in with you? At Balance Point, we put you in control of the scheduling process—you can set up meetings as often as you need, whether that’s monthly or quarterly. This ensures you’re always up to date on your bookkeeping and finances and able to make informed decisions.


2. Timely and Accurate Reporting

When was the last time you received a clear, accurate profit and loss statement or balance sheet? Unfortunately, many business owners feel in the dark about their financial status because they don’t receive timely reports or the ones they do get are confusing. Your accounting firm should provide you with clear financial statements on a monthly basis—at a minimum. At Balance Point, we use the latest technology to get your bookkeeping done quickly and accurately. We handle the details, so you don’t have to, and we make sure you always know where your business stands.


3. Proactive Tax Planning

Are you meeting with your accountant throughout the year to discuss taxes and tax strategies? Do you know what you’ll owe at tax time, or are you blindsided? A good accounting firm won’t just focus on tax compliance; they’ll help you plan ahead to minimize your tax liability and maximize savings. At Balance Point, we work with you year-round to implement tax strategies that put you in the best possible position when tax season rolls around.


4. Support and Education

Getting regular financial statements is one thing, but do you know how to read them? Do you understand what they mean for your business and how to use them to improve performance? A good bookkeeping and accounting firm should not only provide you with reports but also help you understand them. At Balance Point, we take the time to explain your financials in plain language, helping you make smarter business decisions.


5. Transparent Pricing

Will you be billed every time you call with a question, or hit with a big, unexpected bill at the end of the year? It’s important to know how an accounting firm bills for its services so you can manage cash flow. At Balance Point, we offer straightforward, flat-fee pricing—no hidden charges or surprise bills. You choose the service level that fits your needs, and you’ll never be penalized for reaching out with questions.


6. Comprehensive Services

Does your accountant handle everything your business needs, from bookkeeping to payroll to taxes? Having everything under one roof ensures your financials are always up to date, and tax strategies can be implemented smoothly throughout the year. At Balance Point, we offer full-service bookkeeping, payroll, and tax solutions to make managing your business finances as easy as possible.


7. Reputation and References

Finally, do your research! Look at reviews, ask for references, and check the firm’s reputation. At Balance Point, our Google reviews and client testimonials speak for themselves. We’re proud to have a reputation for providing small business owners with reliable, expert bookkeeping and accounting services.


Ready for Peace of Mind?

If you’re ready to take control of your business finances, let’s talk. At Balance Point Tax & Accounting, we specialize in helping small business owners like you thrive. Book a Call with us today and let’s take the stress out of managing your bookkeeping and taxes together. 

29 views0 comments

Recent Posts

See All

コメント


bottom of page