Reasons As To Why You Might Need To Look For A New Accountant
It is important for you to know that you must be able to trust your accountant since they are handling your money and maintaining your books. Accountants sometimes can be incompetent, overworked and unqualified for the work and maybe you might even come across criminals. Below are some red flags that will let you know that you might need to start looking for someone else to manage your books.
One thing that should be alarming is when you realize that your filings are always close to the deadline when it comes to your business, no one would want to deal with penalties for filing their taxes late. It is usually a major warning sign for your accountant if they barely meet the deadline every time. The only time they can be allowed to do so is when you are the one showing up with your tax information right before the deadline. If you are getting tax information to the accountant well before the deadline then you should know that something is wrong if they are unable to file in time.
Sometimes an accountant who can’t answer all your questions or at least refer you to someone who is better qualified as they may not have the expertise that you may need. Sometimes an accountant may not have the answer right away, but they should be able to commit to getting back to you within a certain frame with the answers that you need. If you have questions to ask them and written them is not that easy this should be another red flag. If your accountant is not able to answer the phone immediately they should at least respond to inquiries in a reasonable time frame. Another red flag should be when you get good advice from someone other than your accountant which you should have gotten from them. An accountant is usually a service provider, and their work is for them to be available to you as much as they can and put them to respond to all your calls and emails in good time.
You should know that a competent accountant is usually ready to face the busy month and they usually can never bite off more than they can be able to do during the period. They will always have a sort of infrastructure that is needed to take one more work during this period.