When it comes to your finances, don’t be afraid to ask what he or she would do in your shoes. Assuming they’ve been in the field for a while, your accountant may have experience from hundreds of small-business clients over many years. Let their hindsight be your 20/20. Another benefit: Accountants can be fantastic connectors.

Is it okay to ask your accountant to do something unethical?

Not even “just this once.” Never compromise the relationship by asking your accountant to do something unethical or unlawful. Always maintain your integrity. If you don’t, it will eventually come back to haunt you, and you’ll pay a heavy price for that act in the future, even if you don’t get caught.

Is the accountant responsible for the correct numbers?

While this is true to a certain extent, it turns out that you are ultimately responsible for providing the correct numbers for the tax calculations. In the event of an audit, the accountant is responsible for only the calculations and not the actual baseline data.

Where can I find an accountant to prepare my tax return?

Be sure to ask how long it will take the accountant to complete your tax return if time is of the essence, and you decide not to use a retail tax company. Many retail tax companies also sell software at half the cost in case you don’t mind spending a little time at your computer.

What makes an accountant a ” special circumstance “?

Accountants often specialize in certain kinds of tax issues. If you have a special circumstance, seek an accountant who has expertise in that area. Special circumstances might include living outside the United States, day trading in the stock market, or owning a small business. Some accountants have earned licenses or certifications in their trade.

Is the accountant your first hire or your personal assistant?

It’s not your first hire, your personal assistant or even your lawyer. Rather, it’s the person who balances your budget, prepares your taxes and P&L statements, and helps you leverage technology to gain efficiency: your accountant.