As a sole trader or small limited company, when you initially start out you almost always end up doing everything yourself. This includes everything from invoicing to tidying the office not to mention doing all of the paid work as well.
If your business is successful and starts to grow, you have less and less time 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 consider hiring is an accountant. But choosing the right accountant for your business isn't as easy as you might think. To help you out, here are some things to think about when choosing.
Ensure that the accountant you hire is qualified. There are always people around that have carried out some bookkeeping in the past and possibly can do it very well but until the Inland Revenue ask to have a look at your books you will never be certain that they are doing the job correctly. If this occurs then you really need the assurance that your books have been professionally prepared by a qualified accountant who is up-to-date with current tax legislation and allowances.
select someonethat you can have a good business relationship with. Once you start hunting around for an accounting firm there is generally a dividing line between the big accounting firms and the smaller local accounting firms. The more personal attention that you receive from a smaller accounting firm often suits a small to medium sized business better. This is because it is often easier to build up a strong working relationship between businesses of similar sizes.
Ensure that whoever you choose, they are someone who understands how your business works. Most smaller accountants tend not to be specialised in a certain area of business and have much more diverse accounting experience. Ensuring that your accountant knows how your business operates is essential to them being able to carry out a good job for you so make sure that your accountant understands your industry and business set-up.
Ensure that the account you select can offer you a wide range of accounting services. There is 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. Many accountants will also measure your business performance, help with business and growth planning 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 is successful and starts to grow, you have less and less time 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 consider hiring is an accountant. But choosing the right accountant for your business isn't as easy as you might think. To help you out, here are some things to think about when choosing.
Ensure that the accountant you hire is qualified. There are always people around that have carried out some bookkeeping in the past and possibly can do it very well but until the Inland Revenue ask to have a look at your books you will never be certain that they are doing the job correctly. If this occurs then you really need the assurance that your books have been professionally prepared by a qualified accountant who is up-to-date with current tax legislation and allowances.
select someonethat you can have a good business relationship with. Once you start hunting around for an accounting firm there is generally a dividing line between the big accounting firms and the smaller local accounting firms. The more personal attention that you receive from a smaller accounting firm often suits a small to medium sized business better. This is because it is often easier to build up a strong working relationship between businesses of similar sizes.
Ensure that whoever you choose, they are someone who understands how your business works. Most smaller accountants tend not to be specialised in a certain area of business and have much more diverse accounting experience. Ensuring that your accountant knows how your business operates is essential to them being able to carry out a good job for you so make sure that your accountant understands your industry and business set-up.
Ensure that the account you select can offer you a wide range of accounting services. There is 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. Many accountants will also measure your business performance, help with business and growth planning 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
No comments:
Post a Comment