In order to maintain and mange the fun many people take the help of an accountant and that is a good practice to do. But even after hiring an accountant many people lose their money because they make some mistake while hiring an accountant. If you wish to know about those mistake that people make while hiring their accountant so you can avoid those mistake, then following are a few mistakes people make when choosing an accountant or an accounting firm in Dubai.
1.Not knowing their needs:
This is one of the biggest mistakes that many people make while choosing an accountant for their work. Many time people hire an accountant without knowing what they actually want to have from their accounting expert. This mistake not only cost more money to you but you do not get the best output as well from your accountant. So, when you hire someone for your accounting make sure you evaluate your need first before hiring an accounting expert for any of your accounting work.
2.Not asking questions:
Keeping the mouth shut while hiring an accountant is one more major mistake that many people make on regular basis in this requirement. When you hire an accountant then you might have a lot of question in your mind and asking those questions would explain if your accountant knows something about the work or not.
Hence, if you wish to avoid this complication then make sure you talk with him and you ask as many questions as possible. Also, if you have any doubts in your mind then don’t mind asking that with your accountant.
3.Not taking references:
Not taking references for accountant is another big mistake done by many people while hiring and accounting expert. With the help of references from other people you can know if any accountant is good enough for its work or not.
So, if you will check the references while choosing any accountant, then you will be able to choose an expert who knows about the work in the best possible manner.
4.Hiring a less experienced accountant
In terms of accounting, experience is a major factor and if you will hire a non experienced accountant then it will be a big mistake from your side. To avoid this mistake it is necessary that you choose only an experienced accountant that has done the accounting work for other people. This precaution will keep you away from any kind of trouble and problems.
5.Not talking about the fees:
If you have a small work such as filing of income tax return, then you would prefer not to pay a lot of money to your accountant. There is nothing wrong with your expectation but if you will not talk to your accountant about the fees before giving the work to him then you might need to pay a lot of money for that. To avoid this mistake it is strongly recommended that you talk about the money in advance and you go ahead only if you are fine with the fees.
6.Not contacting a local Auditing & Accounting Firm in Dubai:
Many people think if they will contact some external firm for the accounting work then they will get better result with it. However, I have a different opinion here and I believe that is mistake that people do very often. I only suggest you to hire a local accountant for your accounting work.
This local accounting & auditing firm in Dubai can see your details can talk to you in case of need and he can guide you the right ways for the solution of your problems.
7.Using a very big or small firm:
Choosing a very big or small firm for the accountant is one more mistake that you should avoid. If you will choose a very big firm then it will charge more money to your work and it may give less importance to you if your work is not big enough for them. Similar to this a small firm may not have the capability to finish the work for you and that’s why it is necessary that you choose a firm or accountant in wise manner.
8.Not knowing accountants capability:
If you are choosing an individual accountant then you need to have clear idea about his capabilities else it will be a big mistake by your side. To know more about the abilities of your accountant you can simply talk to him, you can ask about his previous work and you can ask how he will give benefits to you if you will hire him.
9.Not asking about your benefits:
The basic idea of hiring an accountant is that you keep your books in order. But along with that you expect financial benefits as well and not asking about these benefits is a big mistake by people.
To avoid these mistake it is suggested that you talk about all the benefits that you will get if you will hire him as your accountant and if you get satisfactory answer then only hire him for same.
10.Not checking reviews:
It doesn’t matter what kind of services you are taking, checking reviews of that service provider is
always the best thing to do. If you will skip that part then I would call it a mistake and I would urge
you not to make this mistake in any condition. For this step you can simply go online and you can
check reviews about your accountant on various reviews forums. In most of the cases you will get
detailed review about the accountant from online websites and you can choose one in wise manner.
11.Not checking licenses:
An Accountant needs to have some licenses and certification to do the work and if you are not checking the licenses, then you will be making a mistake in this case.
So, I don’t have to explain that while choosing an accountant you shall check all the licenses or certifications as well that he has.This precaution will keep you away from many troubles and you will get only the best output from the service.