Finding a new Accountant

Most accountants “get” small business, but what is commonly regarded as small business is probably rather larger than what you have in mind. Most likely you’re a micro-business, but that terminology is not generally well known outside our tech sphere. Anyway, asking an accountant whether they’re familiar with small business is likely to get you an answer in the affirmative, but you’re not actually talking about the same thing. I don’t have a magic solution for this, I think it’s important you speak to a prospective accountant in person and essentially interview them as if they were applying for a job (in essense they are).

For our bookkeeping/accounting, my company actually moved to Xero.com which -apart from many other advantages- enables admin people to work from home (I might do a separate post on Xero some time). It also enables a Xero-aware accountant to have better access to your books for tax reporting but also practical questions.

Which brings me to the accountant him/herself. I recommend looking for someone really local, as in within your suburb or the next one over. Grabbing the phone is one thing, or enabling easy access to your books, but seeing them face-to-face every once in a while can be a great benefit. It also tends to keep people better tuned in “out of sight, out of mind”. I’ve worked with an accountant in other town, and although they’re good with email and such, it’s really not optimal.

So, I’d suggest to make a little checklist of specific things you’d like your accountant to be, do or know about (be way more specific than “understand small business” – for instance, if you are fully self-funded, that might be a relevant topic). Pick a couple of accountants in your local area and go and interview them. Even if you meet one you really like, meet at least one other so you have something to compare with.