Making Sure You Choose The Right Accountant For Your Business.
>> Friday, October 14, 2011
If you have ever set-up a business the you probably know that in the early stages you usually end up doing everything yourself This includes everything from accounts to cleaning the office as well as doing all of the paid work as well.
If your business begins to grow, you have less and less time available to continue doing all of these extra tasks and at some stage you get to the situation where you can't do everything yourself and you stat looking around for people to assist you. The first person that you should think about hiring is an accountant. But finding the right accountant for your business isn't as straight forwards as you might think. To help you out, here are some things to consider when choosing.
Ensure that you choose a qualified accountant for your business. There are many people who can do your accounts for you and they may appear to carry out a good job but you don't really know how good a job they have done until the Inland Revenue ask to look in to your accounts in detail. If this happens then you really want the security of knowing that your books have been professionally prepared by a qualified accountant who is up-to-date with current tax laws and allowances.
select a personthat you can have a good business relationship with. When you start searching around you can find a divide in the type of accountants you turn up. One one side will often be the big accounting firms where you normally don't speak to the same person twice. On the other side will be the small accounting firms that tend to deal with businesses in their local area. If you are a small to medium sized business then the greater personal attention that you receive from a smaller accounting firm will help in developing a productive long-term relationship. The service fees of a smaller accounting firm are also liable to be much more affordable.
Select someone that can understand your business. Small accounting firms operating in their local often have a more diverse portfolio of clients from different types of business. Who ever you choose, making sure that your accountant understands how your business operates is essential for them to carry out the best job they can for you.
Select an accountant that offers a broad range of services. There is a lot more to accounting than just bookkeeping and at a basic level your accountant should be able to file your tax returns with the Inland Revenue, prepare your financial statements and if the need arises they should be able to present all of the relevant documentation for auditing. Some accountants offer additional services such as keeping track of your business performance and helping with your business planning, they can also work along side and support your management team.
Always ask questions before selecting and accountant nd make sure that you interview several accounts. Always compare the services that you get for the money that you are paying and compare several accountants like for like. Check to see if they already have clients in your area of business and see how deep there understanding of your business is.
If your business begins to grow, you have less and less time available to continue doing all of these extra tasks and at some stage you get to the situation where you can't do everything yourself and you stat looking around for people to assist you. The first person that you should think about hiring is an accountant. But finding the right accountant for your business isn't as straight forwards as you might think. To help you out, here are some things to consider when choosing.
Ensure that you choose a qualified accountant for your business. There are many people who can do your accounts for you and they may appear to carry out a good job but you don't really know how good a job they have done until the Inland Revenue ask to look in to your accounts in detail. If this happens then you really want the security of knowing that your books have been professionally prepared by a qualified accountant who is up-to-date with current tax laws and allowances.
select a personthat you can have a good business relationship with. When you start searching around you can find a divide in the type of accountants you turn up. One one side will often be the big accounting firms where you normally don't speak to the same person twice. On the other side will be the small accounting firms that tend to deal with businesses in their local area. If you are a small to medium sized business then the greater personal attention that you receive from a smaller accounting firm will help in developing a productive long-term relationship. The service fees of a smaller accounting firm are also liable to be much more affordable.
Select someone that can understand your business. Small accounting firms operating in their local often have a more diverse portfolio of clients from different types of business. Who ever you choose, making sure that your accountant understands how your business operates is essential for them to carry out the best job they can for you.
Select an accountant that offers a broad range of services. There is a lot more to accounting than just bookkeeping and at a basic level your accountant should be able to file your tax returns with the Inland Revenue, prepare your financial statements and if the need arises they should be able to present all of the relevant documentation for auditing. Some accountants offer additional services such as keeping track of your business performance and helping with your business planning, they can also work along side and support your management team.
Always ask questions before selecting and accountant nd make sure that you interview several accounts. Always compare the services that you get for the money that you are paying and compare several accountants like for like. Check to see if they already have clients in your area of business and see how deep there understanding of your business is.
About the Author:
Neil Houghton Bristol Accountants have over 25 years of experience looking after the accounting needs of a diverse range of businesses and can offer your company a very broad range of accounting services. Accountants Clevedon


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