A good accountant is able to look at your numbers and know more about your business than even you do. They also need to have a team of accountants with proven experience that can prove they have dealt with a business of your type before.
Many of us do not know how to do any of our bookkeeping at all, especially those who run a self-employed business, so you need to have your accountant be able to give you a full and detailed list of what you need to provide them with, what counts as expenses etc.
Another important part of the process is speed – they should be able to give you a rough estimate fairly quickly, and complete the job not long after. Organisational skills are key to a good accountant – if they cannot keep track of all of your important transactions and details, then you should look elsewhere.
Alternatively, you can look for an accountant who can provide you with a thorough and detailed list of things you could do to cut costs and help the business purely profit. For example, there could be excesses that you currently pay that could be avoided, service contracts that could be replaced by a cheaper alternative etc.
The right accountant for your business should be able to provide you with a careful, and comprehensive assessment of your entire business and how it runs, how it could be improved, and give you some ideas for strategy. They should be able to think of business practices for you – a good accountant has a good business mind, too.
Placing your faith with an accounting firm is an important thing to do for your business. It saves you from having to do a lot of different tasks to keep yourself in the right books of the tax man. They should be able to provide you with not only detailed financial analysis for your business, as well as any other helpful information regarding how things could be improved.
Get to know your accountant if you like the look of them, and look into them even further online. Ask for references, but first of all, make sure that your accountant is a principled individual who can look out for your business ethically and legally.