Constantly Monitor your Accountant's Performance

Even if you have been with the same accountant for many years, you should always monitor the performance of your adviser.

Some points that you need to consider when you are checking up on your accountant’s performance include the following:

  • Is your accountant available to you when you need him or her?
  • Does your accountant return all your calls within a reasonable timeframe?
  • Do you feel that your accountant is up to speed with the latest changes in business and taxation matters?
  • Do you feel that your accountant is concerned with the affairs of your business or are they too busy with other things?
  • Does your accountant offer advice and a newsletter setting out changes that could be of an advantage to your business?
  • Is your accountant someone that you believe is honest and ethical in all his or her ways?
  • Do you feel that you are getting good value for the fees that you pay?
  • Is your accounting fee in line with the amounts you have paid in the previous years if the same amount of work has been required for these years?
  • When you ask your accountant a question do you receive a clear answer or do you come away more confused than at the start?
  • Does your accountant have a stable business? Is the turnover of staff low? Do staffs appear well trained and happy in their work?
  • Do you feel you have confidence in your accountant? Can the accountant help in any situation that arises?

These are just a few of the questions that you need to address if you want to ensure that your accountant is giving you the best for the money that you pay. If you are happy with your accountant’s services there is no need to take matters further. If you are less than satisfied then it might be time to have a meeting with your accountant so your concerns can be put on the table.

If you are not satisfied after such a meeting then consider a change of accountant.

Bear in mind that it is best not to change your current accountant unless you are absolutely unhappy with his or her performance.

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