Are you coming up with an eCommerce business? If yes, it is recommended to look for qualified and experienced eCommerce accountants who can help the business and handle its accounts related operations. Inability to hire a trained professional can result in a very costly mistake for the enterprise. Before hiring a professional, it is imperative to ask a few questions to ensure that you have made the right choice.
What is the best way to reach out to you and what is your availability?
It is important to have clear and frequent communication with your accountants, so ensure their availability for you with this simple question.
How do you prepare for tax season?
Preparing for tax returns is a time-consuming task and it is important to prepare for the same so that there are no last-minute surprises. Ask them about deduction and tax credits that can be claimed.
What are the considerations that must be consulted with you on a regular basis?
It is the responsibility of the accountant to keep you aware of the factors that can have an impact on your business.
How can you help me in my business growth?
Another question that you may ask your accountant is his ideas about expanding the business and the best ways to go about it.
How can you help me control cash flow?
Another question that your accountant needs to answer is about what ways he suggests curbing cash flow. He must come up with a model that can help you meet your financial goals.
When will my business get break-even?
Your accountant can analyse your business and check different metrices that will help calculating your break-even point.
How will you assess the overall business value?
The job of your accountant would be to estimate the fair market value of the company which is more than the tangible assets. He will help in assessing the financial plan.
Can you help in business negotiations before signing them?
If the accountant answers this question in affirmative, it can be a big help for you.
What is the best help you can extend to my business?
The accountant can share ideas about how he can help give a boost to your business.
What are the common mistakes that I must avoid?
Your accountant will ask you to come clean with him so that he can have your back.
