3 Red Flags That You Need To Find A New Accountant

All accountants are not created equally.  Here are three red flags that you could be getting sub-standard advice and help from an accountant who stands between you and your best bottom-line.

Red Flag #1:  Your accountant isn’t responsive.

If your “client experience” with your accountant has you feeling like you’re unimportant or that he is too busy to return your call, this is a huge red flag that it’s time to look for a new accountant.

When you have questions or concerns for your accountant, since they are a service provider, it’s perfectly reasonable to expect a text, call, or email…even during tax season.

Every proficient accountant is well-aware of the constraints of the tax season and they make sure that they are fully staffed so that they are available for their clients.

Don’t settle for an accountant who doesn’t give you top-rate customer service, even during “busy” season!

Red Flag #2:  You only hear from your accountant during tax season.

Here’s the deal.  If you only hear from your accountant during tax time, then you could be getting a  raw deal…and it’s likely that you are leaving money on the table and inevitably paying more to Uncle Sam than you would with a proactive accountant who actually gives you tax advice throughout the year.

A good accountant will meet with you at least a couple of times (outside of tax time).  He will be interested in your business and open to sharing recommendations that extend beyond taxes.

You could even gain insights on subjects, like business management and insurance,  that will help you to run a more profitable business.

Red Flag #3:  Your accountant acts as if he is employed by the IRS.

If it seems like your accountant is so risk-averse that he’s unwilling to take reasonable risks, this is a red flag.

And while it’s not advisable to hire an accountant who breaks the law, it is important to feel as though your accountant is on your side, has your back, and is willing to ensure you are well-informed about the risks and rationale for his recommendations.

If your accountant just prepares your taxes, then you are getting short-changed on all the benefits of a well-seasoned, highly informed, and service-oriented accountant.


Top 3 Tips To Bulletproof Your Biz During Times Of Economic Uncertainty

Absolute Accounting blog-744x300
With everything happening in the world today as many of us have started the practice of social distancing, I wanted to take a moment to acknowledge the complex situation that you may be finding yourself in.

If you are feeling anxious about the unknown financial stress your business may have to endure, in addition to fears about your health and the health of those you love, you’re not alone.

I wanted to quickly share the top 3 things you can do to bulletproof your business…

#1: Take care of your mental and emotional well-being. I know this one is hard for most small business owners because there is so much to do. Yet, since your business is the best when YOU are your best, this is not the time to ignore your needs.

So, take frequent stops during your day and do something simple like taking five deep breaths in between reading emails or client calls. Play with the kids. Satisfy your spiritual needs. Enjoy the moment.

#2: Stay on top of laws affecting small businesses right now. The House and the Senate just passed the Families First Corona virus Response Act which could affect any small business owner with 500 or less employees and expands the provisions of the Family and Medical Leave Act to apply to a public health emergency. This bill still needs to be signed by President Trump (which he’s promised to do) and will go into effect 15 days after he’s signed it.

In addition, the White House has postponed tax payments for 90 days for most Americans and some small businesses. These changes are happening quickly and some of them could impact you, depending on your business size and how much you owe Uncle Sam.

#3: Ask for help.
Ask an accounting consultant how these recent changes in laws and tax payment deadlines might affect your business. We stay on top of these issues so that YOU have the information and tools you need to survive and even thrive during uncertain times.

To schedule a complimentary session to see how these changes impact your business, message me and let’s talk. You’re not alone in this. We’ll get through it together!