How to choose an accountant for your small business?

Firstly, do you know what an accountant for you and your business?

It's often the tasks that many business owners find difficult or just plain boring such as PAYE, VAT, personal tax, business tax, year-end accounts, returns - tasks that many

Not everyone is good with figures and doing it yourself could cost more than paying an accountant to do it for you. From a tax perspective, the business is being properly administered, which gives piece of mind and frees up the owner to do other things.

Whether you meet virtually or in person you need to prepare for your meeting and do your research. If you get the right accountant for you it will save a lot of time, effort and money.

  • Look for an accountant who will add value to your business. Someone who can act as a business partner. A good accountant for your business should have the skills and knowledge to support your business.
  • Talk to a few accountants, it is useful to compare different offers. Don't necessarily go with the cheapest. 
  • If your business is in a sector with specific tax rules, you'll need an accountant with experience in that field. Rules for most other business are largely the same, so you'll just need to find an accountant with a good track record of working for small or new businesses.
  • Ask questions. For example, do they use/support the accountancy software that you use?
  • What are their qualifications and are they regulated by a professional body?
  • Do they have professional indemnity insurance? This is important as meaning any losses to your business due to bad advice will be covered.
  • Ask to speak to existing clients of the accountant
  • What are payment terms? Can you pay monthly to spread your costs?

If you have any questions about our service, then please get in touch. We offer a free initial consultation.