Gone are the days when
only big companies/firms required the services
of an Accountant. At present time when
almost all companies whether big or small face the
need of their financial statements prepared, filing GST returns, recording and
analyzing their accounts, audit Services in Dombivli and obtaining financial advice, the utility
of an Accountant cannot be ignored. Even if you are a Sole Proprietor you will
need your financial transactions recorded and analysed
after the implication of GST-
Goods and Service Tax. So, from getting you returns
filled to providing you legal ways to minimize your tax liability,
an Accountant will do it all. you can easily hire a Taxation Services in Dombivli.
As they keep themselves
updated with the latest Tax Laws and their practical
implications, hiring an Accountant
will always be useful. Generally, Accounting practice
covers four basic areas -
·
Providing
business advisory services.
·
Accounting & Bookkeeping.
·
Tax and Legal
advice.
·
Auditing.
As this is very obvious
that an Accountant is a necessity for a company, let's
discuss some ways to find a good Accountant –
A) Searching suitable candidate
to meet.
· Ask
for referrals- It is always useful to ask your co-workers,
friends or other business owners of your industry
for some really good suggests.
· Seek
for an Accounting firm- Check firms offering accounting services in your area
of work. Also, see their performance and previous records.
·
Use
the Internet - In this era of the internet when almost
everything is available at your fingertips, why not search some potential
accountants on digital platforms like LinkedIn.
B) Interview After all
the above things, shortlist some potential candidates and
begin the process of interview. Try
to arrange two meetings for each candidate. One at
your site and another at theirs so that
both parties can know the environment the other works in. During
the interview, clear it in your mind what you need to know
and what you need to communicate to the person you
are meeting. Hire an Audit Services in Dombivli.
· Their
area of service
- Most accounting firms provide expert services in a
particular field. If you are looking for such service
provider who can perform all tasks, then clear it in the
meeting. Search for Advisory Services in
Thane which can guide you.
· Your
need and expectations from your accountant - Communicate to your party
what you are looking for. Tell them about the
expected area of performance and their proficiency in
it.
· Personality - Assure your
compatibility with the working style of the accountant.
Also, make sure the person you are meeting with is
the same one who will be handling your business.
· Fees/ Salary - If you are
going to accounting firm then ask about their fees. Most of these
firms charge fees on hour basis. If you are hiring
an individual then discuss his salary expectations and
the amount you are willing today him.
You have 4-5 options and
then choose the final one keeping Work-Effectiveness and
Cost-Efficiency both in mind. Don’t take a decision which is based solely on
cost factor, as if someone is charging more then he may have more experience
and expertise. After you have made your final decision, spell out the
terms of the agreement in an engagement letter which will have the
details of accountant's area of work and the fees you will be paying.
This is to ensure that
you and your accountant have the same expectations
and to avoid any possibility of misunderstanding
or conflict in future. Keep meeting your accountant in suitable
intervals of time during his period of service.
