How Often Should You Meet With Your Accountant?

Meet With Accountant

If you’ve hired an accountant, you’re already on a great path to financial success. With regular meetings and communication, an accountant can help keep your financial records organized and up to date while saving you immeasurable time and money along the way.

Related: How a CPA Can Help You Save Money

But how often do you need to meet with accountant? That really depends on what you hired them to do.

For Personal Finances

Most people make the mistake of only meeting with an accountant once a year, right before taxes are due. While this can sometimes be enough, it really is not recommended. Ideally you are meeting with your accountant about twice per year, once in January or February and once in March or April.

The first meeting gives you a chance to learn about any updates to tax laws that may have been passed in the last year. It also gives your accountant an opportunity to review your finances before the deadline and point out any deductions you may have missed, new rates you need to be aware of, etc.

The second meeting is to file your taxes and get things squared away for the past year. We recommend scheduling this appointment for March or early April rather than waiting right up until the deadline.

For Business Finances

If you’re using an accountant for your business finances, you should be meeting with them at least quarterly. This will help you to ensure that your quarterly tax payments are correct and on time, as well as establish a regular time for you to review your records and documentation to make sure everything is in order. This will make filing your taxes in the spring much easier.

You should also make a point to meet with your accountant before any major financial decisions. If you’re considering expanding, it’s a good idea to meet with them to make sure your business can bear the weight of two locations and the associated extra expenses. The same goes if you’re planning to sell or close the business — meeting with an accountant can help you identify all of your options.

For Bookkeeping Services

If you’re also using a bookkeeping service through your accounting firm, you’ll likely want to meet with them more often. Depending on how frequently you pay your employees, you may want to meet with them weekly, bimonthly, or monthly. Ask your bookkeeper to suggest a good meeting frequency.

Related: CPA or Bookkeeper: Which Does My Business Need?

Do You Need To Meet With Accountant?

For more tips on on how to meet with accountant or to learn more about Hacker Accounting’s services, give us a call at 602-375-5251.