Lin Leo & Beak

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What should I look for in an accountant?

When searching for an accountant, it is important to ensure they are registered with a professional accounting body and have the right qualifications

If you’re looking for a personal accountant for tax returns, look for someone who has had experience doing tax returns for people in the same occupation as you This way they will be knowledgeable about what you can and can’t claim on your tax returns

If you’re looking for an accountant for your business check if the accounting firm has handled clients in the same industry as you before and check whether or not they are able to handle the size of your company especially if it is still growing The last thing you want is a firm who cannot cope with your growing business

Before you hire an accountant you may contact them for a consultation and this is where you can ask them questions about their expertise and qualifications A good accountant will not rush through processes and will explain each step to you so you can understand They should know what you or your businesses goals are so they can provide you with the best personalised solutions

LLB Accountants are a team of licensed tax agents, Certified Public Accountants (CPA) and Chartered Accountants (CA) Throughout our 10 years of operation we have worked with clients in a range of industries including retail, manufacturing, transport, mining, pharmaceutical, health care, childcare and many more We always take the time to sit down with our clients to get to know them and/or their business better in order to give the most cost effective and efficient solutions

What questions should I ask my accountant?

Before seeing your accountant, it is good to come prepared with some questions to find out if they are suitable for you or your business Some questions you may ask an accountant are:

• What industries have you worked with?
• How much do you charge?
• What is the average size of your clients?
• Will you be able to handle the size of my business?
• What do you specialise in?
• What services do you provide?
• What can I claim in term of work deductions?
• How long has the firm been operating for?
• How do you do your consultations? In person, phone or video conference?

What qualifications does my accountants need to have?

In Australia accountants must be a member of a professional accounting body such as:

• Chartered Accountants Australia and New Zealand (CA)
• Certified Practising Accountants Australia (CPA)