Accounts or finance is one of the most critical functions of any organisation.
How will you find the right accountant to trust and rely on? You need someone who not only knows accounting and finance, but also someone who can explain it to you in Plain English when needed.
Managing your business accounts is:
When conducting your research please consider the following key questions.
- How long have they been in the tax and accounting business? You want someone who’s been in business long enough to know what they are doing.
- Is there any particular accounting sectors they specialise in? If you know you’re going to be audited, make sure you get someone who has experience dealing with audits and HMRC
- Are they qualified?
- Do they have professional indemnity insurance?
- Do they like to work closely with their clients?
- Do they embrace modern technology and social media platforms to communicate their message?
- Is their initial client meeting free of charge?
- Are they well versed in cloud accounting?
- Do they use plain english when interacting with clients?
- Does their office do all the work in-house or do they outsource some or all it? You want to know who you’ll be dealing with and how your privacy is valued.
- Are their fees competitive and reflective of the service offering? Value for money should always be a priority.
- Do they have enough staff to be able to cope efficiently with your business? If they have lots of other clients, find out where you will be on the list.
- Do their values match yours? Are they keen on the environment or supportive of charities that are aligned with your values.
- Can I get the fees in writing? Get a written estimate of how much it will cost to prepare your returns and other service offerings.
- Can they save you money based upon how you are doing things right now? A good accountant can advise you.
By hiring an accountant you can leave your finances in the hands of an expert. A professional who will free up your time by helping you to understand your responsibilities while they balance the books. The best accountants will go even further and help you think long term.
Look out for someone who’s passionate about small business someone who can help you with financial strategy and improve processes to make you more money.
Working with local companies or individual accountants makes sense and is recommended.
If you plan to buy a product or service for your business in the next 12 months please complete the form below.