When hiring an accounting independent contractor, the client should clearly define the scope of services, such as bookkeeping, tax preparation, payroll, or financial reporting, to avoid misunderstandings.
Payment terms should be specified in detail, including hourly rates or project fees, invoicing schedules, reimbursement of expenses, and late payment policies to ensure financial clarity.
It is advisable to address confidentiality and data security obligations, especially when the contractor will have access to sensitive financial records, and consult legal counsel to ensure compliance with applicable accounting and tax regulations.