Having an effective accountant is a critical part of any small business. Unfortunately, hiring one is one of the most hastily-made decisions that small business owners make. Too many times, they choose the accountant that already does the personal taxes for the owner, not one that knows their industry or even fits well within their company.
This can be dangerous, especially if that person does not have the background required to work with small businesses. By getting the right accountant, the owner can focus on running the company and making the most informed decisions based on the information he or she is receiving.
Unfortunately, many owners see their accountant as a nuisance exclusively associated with paying taxes. The truth is that a great accountant can do so much more. If your current accountant isn’t helping your team as a whole, it’s time to let him or her go and bring in someone new who can really help. Here are seven signs that an owner needs to fire his or her accountant.