Jul
04

Accountant Bristol – Finding The Best One For You

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Of all the advisers you are likely to encounter when running a small business, a good accountantis perhaps the most valuable one to have. You will be in a much better possition to focus on building up your business, if all your accounts are in order. Tips for choosing an accountant.

 1) Before you even start your business up, it’s a good idea to do your research and select the accountant that you are happy with.

 2) Make sure the accountant that you choose is fully qualified. The vast majority of the specialist firms offering services to consultants are run by chartered accountants who have chosen to specialise but also have a professional qualification and code of ethics, which may give you some degree of comfort. Stay away from any firm that is not qualified.

3) The actual size of the accountants business may not be your first consideration but it may influence your decision. For most start ups a smaller local accounting business is often more suitable than a large national accountant that deals with large corporations. However, you will still need to decide on the type of accountant that you want to work with.

 4) You should aim to visit at least 3 accountants personally. This is likely to be a long term relationship, so it pays to find someone that you can relate to and get on with. 5) Find out if there is an hourly fee and whether this varies depending on the seniority of the person doing the work. Also check whether there is a fixed fee for your annual audit and when and how these fees are payable.

 6) Ask each accountant you see if they have 2 or 3 references from other smallbusinesses that they can show you. Contact the references to find out their feelings about how easy it is to work with that accountant.

 7) What other services does the accountant provide – can they complete your self assessment returns? Do they provide business advice or further information to help grown your business?

 8) The accountant you do decide to hire should be in contact with you regularly, not just at the years end. If you feel that they are not living up to your expectations then you should look for a new one.

 For more information and free advice on choosing the best accountant for you business please visit Accountant Bristol

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