Kelowna is a city that attracts new people on a regular basis. Known as being business friendly many people move here and immediately start a new business. Of course one of the first things you need as a small business owner is an accountant. Oh where to start!
Start with a professional, you can’t afford not to.
Unlike many other professionals, anyone can call themselves an accountant. The term accountant is not reserved or in any way restricted. This does not mean that a non-designated accountant is not competent, it only means that they do not have to adhere to the standards of professional accountants.
Professional accountants, CGA’s, CA’s and CMA’s study for many years and are required to pass rigorous examinations before they can use their designations. Additionally, professional accountants are required to keep their knowledge up to date, which is closely monitored by the respective associations. Public accountants must go one step further and attend additional training and are required to carry insurance.
If that wasn’t enough every three years, a mandatory practice review is conducted by the associations to ensure the quality of the work performed meets the high standards that you have come to expect.
Ethics play a very big role for professional accountants. What that means is that you should expect professionalism and strong ethics from your accountant or from other professionals you may deal with.
Most people aren’t aware this but regardless of who prepares your tax return, you are ultimately still responsible for its contents. You want to make sure that it is done correctly.
For more information on professional accountants you can contact one of the three accounting associations in British Columbia — Certified General Accountants (CGA), Chartered Accountants (CA) and Certified Management Accountants (CMA). In 2013 all Professional Accountants in Canada have merged and are now Chartered Professional Accountants (CPA)
Get it done right and use a professional accountant!
I am Chartered Professional Accountant serving small businesses in Kelowna and Lake Country. Please visit my website at: www.dufordcpa.ca for more information.