Categories Business

Perfect Choice for the TAX Accountants

Today the presence of an accountant in any business or company is essential, that is, because the Tax Administration Service (SAT) requires specific information that, in most cases, an accountant is the one to send that information.

But in addition to that, an accountant is of great help to plan and control your finances, document your operations and submit tax returns to the tax authorities. In choosing the accountant the accounting interview questions happens to be essential there.

How to choose an accountant

Once you know the scope that an accountant can have, the next question is: How should we choose an accountant?

Hire your accountant before starting to operate your business, you can do it fulltime, parttime or hire an accounting firm.

  • Try to find an independent accountant, that way they will give priority to your information.
  • Look for expert accountants in your business.
  • Preferably request references about your accountant.

Compare the collection rates between accountants, some may charge per hour of counseling and others have a fixed fee.

One of the most important points is trust, look for an accountant with whom you can talk about your finances, answer your calls and emails. Every accountant is gaining experience and developing strengths according to the situations they face. Do you agree? For this reason, here are some strengths that you should find in each counter.

Strengths of every accountant

  • Have on hand tools that automate the processes of electronic accounting.
  • Have the confidence of a specialized work group.
  • Maintain an excellent relationship with your internal and external customers.
  • Professional technical knowledge skill.
  • Constant training to deal with extraordinary situations.

These strengths can be compared with weaknesses that are presented, and in turn, discover what are the opportunities and threats that are around every counter.

There is an analytical tool called SWOT whose main objective is to specify which are the Strengths, Weaknesses, and Threats, so that you can work directly with your business environment. Keeping a managed and orderly accounting of your company allows you to know at all times its financial health and helps you  make strategic decisions. The work of an accountant, whether internal or external, includes more than preparing tax returns and making tax payments.

Advantages of orderly accounting

Having your accounts in order offers your business the following benefits:

  • It offers in depth knowledge about the economic and financial situation of your business.
  • Helps anticipate financial risks and facilitates financial planning.
  • Gives a better understanding of costs and expenses.
  • Optimize the use of resources to improve profitability.
  • Supports financial decision making.
  • It facilitates tax planning and contributes to reducing the tax burden.
  • It allows the evaluation of the appropriate level of indebtedness for the business.