Published on Entrepreneur
Your accountant should be well-versed in several disciplines, including but not limited to GAAP [generally accepted accounting principles], corporate and individual tax, retirement planning and financial planning.
He or she should also be open to assisting you in weighing the financial ramifications of certain decisions, like whether or not to hire an independent contractor or a full-time employee, buy or rent an office space, or rent or lease a company car and much more.
Your accountant should also work collaboratively with you in a way that makes it easy for you to consider and understand which actions you need to take now and in the future, ideally without the usual confusing accounting jargon.
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