Hiring an experienced professional accountant who can help you manage your money better than if you

Accountants usually have a degree in accounting or are certified public accountants (CPAs). They know how to make sure your business is following the law and staying on top of all federal and state tax requirements. Accountants also work with other professionals like bankers, attorneys, insurance agents, etc., so they're great at helping coordinate everything for you. An accountant may also offer financial planning services that could be helpful for individuals or businesses who want more comprehensive guidance with their finances.

Why should I hire an accountant?

1. You'll save time

You probably don't have much spare time, so hiring an accountant to handle your finances can be a great way to free up some of your schedules. Whether you're running a business or just need help to manage your money at home, it's always better to hire a professional to take care of things for you. Not only will it save time, but you won't have to keep track of receipts and pay your bills — an accountant can do all of that for you!

2. They know the tax laws

You probably don't want to spend hours doing research about tax laws or trying to figure out how to prepare your taxes. An accountant knows how to make sure you're correctly following the tax laws, which can be complicated. For example, if you are running a business, an accountant can help you minimize your liability and avoid any fines or penalties from tax authorities. With the right professional on your side, you'll have peace of mind knowing that everything has been taken care of.

3. They can help you grow your money

An accountant can help you increase your income and ensure that it's being properly managed. If you're self-employed, an accountant will make sure all the business expenses are deductible from personal taxes too, which could save a lot of money in the long run. An accountant can also help with retirement planning, which is important.

4. You won't have to do any accounting or bookkeeping

If you're good at math, then maybe you could handle the accounting yourself, but that would take up a lot of your time and effort. Hiring an accountant who knows how to keep track of expenses, income, and other details is a much better idea! They will make sure all your records are organized and up to date, so it's always easy to find what you need.

What else do I need to consider when hiring an accountant?

1. Experience

Make sure they have years of experience in accounting services in Dubai, so you know they're qualified to handle your case. You might also want to ask about their educational background and which accounting courses or certifications they have that will be helpful for you.

2. Their fees

Accountants may charge an initial consultation fee, then charge anywhere from $50 to $200 per hour, depending on the type of work they are doing. Ask about all their fees upfront, so you know how much it will cost to have them handle your case.

3. Their availability

Don't hire an accountant that isn't available when you need them or who doesn't offer support after the initial consultation. Look for someone who is willing to work in the evenings or on weekends, just in case you have an emergency that comes up. If your accountant isn't available when you need them, you might end up having to do things yourself again!

4. Their communication skills

Even if you are very comfortable with numbers, it's not always easy to ask for help or explain your situation well enough for an accountant to understand all the details. Make sure you like and trust their communication skills because they must explain everything clearly and understandably.

5. Their availability

Make sure they're available when you need them, so you can ask questions or get help with your case as soon as possible. Look for an accountant who is willing to work in the evenings or on weekends, if necessary. If they aren't available when you need them, it might be more trouble than it's worth to continue using their service!

If your original professional doesn't meet all of these requirements, look for another one! It can be very difficult to find someone who is experienced, affordable and available.

At Virtual Accountants LLC, we understand that a business needs more than an accountant. That's why our team from Big 4 Accounting Firms specializes in providing effective and affordable on-site and off-site services for all your accounting, bookkeeping, VAT (Value Added Tax), Internal Audit requirements as well as Financial Advisory with a special focus on small & medium size companies!