Your accountant should be aware of how your industry works and understand the nuances associated with your business. Does your accountant know where you stand in the market? Are they interested in the particular industry you are in?
You should not be telling your accountant how to improve your financials or that there are tax breaks you are qualified for. Your account should be advising you on how to achieve the greatest amount of tax savings and look for ways to improve your cash flow and bottom line.
Your taxes should be filed timely and correctly.
Since tax regulations change regularly, your accountant should be aware of changes in tax laws and programs that may impact your business.
You should feel comfortable asking your accountant questions about your financials. Meetings with your accountant throughout the year are important for each of you to stay abreast of changes and discuss your goals and strategize on how to meet them.
Ultimately, your accountant is your ally. A person who will keep an eye on your finances and allow you to concentrate on growing your business. We work with a lot of accountants and would be happy to assist you in finding the right fit. Or, if you are in need of a bookkeeper, reach out to us to see how we can make your financials (and QuickBooks) work for you.