Things to Consider When Choosing an Accountant

 

In my client meetings, the first thing I ask is, "What's the reason you're looking for an accountant?" Most business owners answer, "To maintain company records and fulfill financial responsibilities to the government." Therefore, accountants are often seen as solely responsible for tax matters.

 

However, as businesses grow, expectations increase, and needs extend beyond taxes. You want to know how profitable your operations and investments are, evaluate your growth plans, and receive guidance on branch openings, leasing, or incentive processes. These are no longer optional; they are essential for the sustainability of your business.

 

Therefore, when choosing an accountant, you should consider not only your current needs but also your business's future goals. If the person you choose can analyze financial data and provide you with the right guidance, you've made the right choice. Otherwise, you're likely not receiving sufficient consulting support.

 

Additional Support Areas You Can Expect from Your Accountant

 

1. Tax Strategy and Planning

 

Simply filing your tax returns isn't enough. Your accountant should be able to predict the future tax burden your business may face and plan accordingly. This gives you a long-term financial perspective.

 

2. Business Development and Management Support

 

A successful accountant is not just someone who keeps records; they also help your business develop.

 

They should be able to anticipate risks, offer personalized solutions, and provide information on pricing, profitability analysis, leasing and purchasing comparisons, and internal control processes.

 

Accountants with corporate experience can provide more comprehensive guidance because they have a deeper understanding of the challenges businesses face. Monthly reviews of your balance sheet and income statement also contribute significantly to your business management.

 

3. Digital Solutions and Use of Technology

 

Thanks to the rapid advancement of technology, even small businesses have easy access to affordable digital services. Therefore, it is important for your accountant to be proficient in modern technologies.

 

Sharing documents over the cloud or offering income and expense management applications significantly streamlines your business processes.

 

4. Business Connections and References

 

Your accountant should not only be a financial advisor but also a business partner who can direct you to the right people on various matters.

Providing appropriate advice on matters such as loan applications, needing a lawyer, or establishing a business partnership is a significant advantage.

 

Basic Questions to Ask Before Choosing an Accountant

– Do you have a Professional Competence Certificate (CPA)?

 

According to Law No. 3568, only CPAs are authorized to keep books. Learning about this certificate is a fundamental step.

 

– How does your pricing system work?

 

Accounting services are generally offered for a fixed monthly fee. Sole proprietorships may charge lower fees than capital companies. Factors such as experience, scope of service, transaction volume, reporting skills, and foreign language skills affect the price.

 

Another important point to keep in mind is this:

Accounting firms affiliated with sole proprietorships pay a 20% withholding tax. This is an often-overlooked detail that increases the total fee paid.

 

- What is your client portfolio like?

 

Having clients in similar industries to yours is an advantage, but it shouldn't be the only criterion. The important thing is whether they have the time and resources to support you.

 

- What advice can you offer regarding my business?

 

Working with an accountant who not only provides accounting services but also offers creative solutions for savings and incentives is much more valuable. It's important to remember that a consulting fee may be charged when answering these questions.

 

- Are you an expert in digital tools?

 

Working with an accountant who can utilize cloud technologies and streamline your work with internet-based applications offers significant advantages in terms of both speed and cost.