In our last blog, we discussed the professional qualifications of a tax consultant who’s best suited to support your small business. But, as we mentioned, those five credentials are only a starting point.
Because the right tax partner works with you on a regular basis, his or her personality is extremely important. And we’re not just talking about a friendly demeanor. Identify these three traits for a successful relationship.
1) The Ability To Develop A True Connection
Do you relate to him or her? Does he or she relate to you? You need to develop a strong relationship – one in which your advisor understands you on both a business and personal level.
2) The Capacity To Communicate Effectively
Much of a strong relationship is dependent on your communication. Your tax consultant must understand your business in the way you talk about it, and he or she must explain taxes, reporting and compliance in your language.
Furthermore, are you confident that your partner will promptly return your calls? If you prefer face-to-face meetings to phone calls or emails, is he or she able to accommodate your needs? Ultimately, ensure that your advisor can deliver information in a way that you’re comfortable with.
3) Credibility And Confidence In His Or Her Own Abilities
When it comes to your partner’s credibility in terms of being able to support you, it’s often the case that both an overconfident tax preparer and one who lacks self-assurance is apt to make mistakes. Confidence is key. If a tax consultant doesn’t appear confident, it may be that this person questions his or her own ability to help you.
In the next Padgett blog, we’ll outline perhaps the most important determinant of a partner who is capable of supporting your small business needs: level of availability. Check in next week to learn this critical aspect of tax support.
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All content posted on this website or distributed by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only. To determine whether these concepts are appropriate for your business, you should seek advice from a PADGETT BUSINESS SERVICES® representative or an independent advisor before implementation.