7 Indicators Your Accountant Might Be Hurting Your Finances—and How to Choose the Right One

A professional accountant when hired can make a huge difference in your financial score. But, not all accountants are the same and some might actually exacerbate your money matters. Learn seven signs your accountant is actually costing you money and how to pick a better one.

1. Lack of Communication

If you have trouble getting in contact with your accountant or they do not respond to queries promptly then this may be a reason for concern. Like any good relationship, communicating with the University about your financial situation opens up dialogue that is crucial to understanding where you are financially and what risks accompany certain actions. If you often wonder what the status is, perhaps it’s time to think of a new accountant

2. Inconsistent Advice

As an accountant you should offer reliable and consist direction. Then, it leads to errors in your financial plans down the road or you have conflicting advice and a lot of recommendations that constantly change. The accountant you want is the one who has a formula that can be executed over and again, ideally yielding identical results every time.

3. Missed Deadlines

This includes filing on time and being compliant with tax laws. Your accountant has to provide the data before due date, If he becomes a serial offender with missing deadlines it can lead up additional fines and penalties. Search for an individual with a history of dependability and organization.

4. Lack of Proactivity

Ideally, your accountant will seek to find ways for you to save money or amend some aspect of your financial strategy. If they are simply responding to your questions and not proactively meeting / exceeding those needs, it is likely that you may be missing out on some very valuable usage scenarios.

5. Limited Knowledge

As the economy evolves at breakneck speed an accountant has to advance with regulations and financial trends. When they seem to have no fuckin clue and can’t tell you what’s happ hon — find a professional with more up-to-the-minute information.

6. Unexplained Fees

Beware of any charges or traffic that you have not made yourself. Transparency in billing is a key to trust. Make sure that your accountant breaks down exactly what they are offering and how much it is going to cost.

7. Lack of References

An established accountant would happily provide references from other people they have worked for. If during this process, they Yaka their own chain regarding providing you with a testimonial it is due to not having believed in what the presented.

Making the Right Choice

So in order to get a better accountant, do your research. Get references, check reviews and make sure they are certified. A great accountant can be your best friend in the battle to conquer fiscal hurdles, so make sure you spend time selecting one that works with what exactly it is which are after. Eventually, financial assistance will be worth the time.