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Choosing an Accountant Part 2: The Competent Accountant


Business owners expect that their accountant is “competent” in the financial and tax matters that effect their operations. Unfortunately this is a Catch 22 situation as the knowledge that defines competence is what the owner doesn’t have and is expecting to receive from their accountant. Therefore, where does knowledge and competence come from? There are several sources including the study of accounting and finance, experience, the organization they represent and professional development to name a few. As the body of knowledge in the accounting, payroll and tax business is extensive it is important that your accountant has access this knowledge to answer your questions. It is okay for the answer to depend on a second opinion of their organization. Find out about this organization and you will understand better the competence and knowledge of your accountant. Padgett Business Services was founded on these principles.

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