Having a qualified accountant on your side can save you time, reduce stress, and provide the insights you need to make smart financial decisions. Whether you’re launching your first business or looking to grow, the right accountant can be one of your most valuable partners.
Why Hiring an Accountant Matters
Running a small business comes with a long list of financial responsibilities. From managing taxes and payroll to helping you understand your financial statements, a professional accountant offers support far beyond tax season. The sooner you bring one into your business, the better.
How to Find the Right Accountant
1. Ask for Referrals
Start by reaching out to your network. If you belong to a professional organization, ask other members if they can recommend an accountant who understands small business needs. Personal recommendations from other entrepreneurs can be one of your most reliable sources.
2. Choose a Chartered Professional Accountant (CPA)
In Alberta, make sure your accountant is a Chartered Professional Accountant (CPA). This designation means they meet high standards for training, ethics, and professionalism.
Learn more about the CPA designation in Alberta
What to Ask Before Hiring
A good accountant will be proactive and engaged, not just someone who files your taxes once a year. Here are four key questions to ask when interviewing candidates:
- Will your office help with setup and ongoing monthly bookkeeping?
- Can we schedule quarterly meetings (in person or online) to review my financials and cash flow?
- Will you help me understand my financial statements in my first year (income statement, balance sheet, cash flow statement)?
- Will you ensure I meet all my CRA obligations, such as GST and corporate tax deadlines?
These questions help ensure your accountant will provide the right support throughout the year, not just at tax time.
3. Understand the Fee Structure
Insist on a fixed fee model. Starting a business comes with a lot of questions, and the last thing you need is to be billed for every phone call. Before signing an agreement, make sure you clearly understand what’s included in the fee and whether services like tax filings, consultations, and financial reviews are part of the package.
4. Build a Relationship That Lasts
A good accountant is more than a service provider, they’re a trusted advisor. Look for someone you feel comfortable working with, who understands your business, communicates clearly, and has your long-term success in mind.
Need Help?
Our team at Business Link can connect you with the right tools and advice to help you find and work with a professional accountant. From understanding financial basics to asking the right questions, we’re here to support your journey.