How to Choose a Great Accountant

Of all the services your business will outsource probably the most crucial to your business is a trust worthy accountant. Finding somebody whom you can trust to stay up-to-date with your accounts and payments will allow you to focus on expanding your business.

Qualifications
Make sure the accountant you choose is properly qualified as either a certified or charted accountant. If this is displayed on the accounts collateral or website be sure to check with the accountant that they hold the relevant qualifications and can provide proof.

Experience & References
As to see case studies and examples of other clients the accountant has worked for. If possible you should ask if you may contact a few of these clients to get a client’s perspective of the level of service the account provides.

You should also ask the accountant about the size of client they deal with; you want to be sure that they have clients who are of a similar size to yourselves and clients who are larger than you. This way you will not outgrow your accountant and can ensure they have the expertise applicable to your needs.

Cost
This shouldn’t be the only reason you employ an accountant. As with all services you will get what you pay for and the better the reputation, the more the accountant will cost. As an SME choosing an accountant it will be about finding the right balance between cost and service.

One thing you should check is whether your accountants work on an hourly basis or to fixed fees dependent on the services you require. You may be able to negotiate a discounted rate if employing your accountant for a number of services.

Size
How big is the accountancy firm you are employing to manage your accounts? Smaller firms will have an understanding and appreciation of how a smaller business operates and will be more likely to allocated the time and resources required.

Be sure to meet your potential account face-to-face before choosing who you want to use. Meeting face-to-face will give you almost an immediate feel for whether they are the right firm for you. Be certain to meet with a number of accountants before making your decision and if possible you should settle on your chosen accountant before incorporating your business; unless of course you are changing your accountant because you have outgrown your existing firm or they have done you a dis-service.
 

Apple Tree are a firm of Witney Accountants that specialise in bookkeeping and tax advice services for small businesses.

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