When it comes to running your own small business, one of the most important things to think about is your choosing your accountant. You only need to take a look at the tax accountants and chartered accountant database that we have here at The Accountancy Network you will see that there are plenty to choose from.
As experts are all kinds of accountants, we have put together our top tips on ensuring that you have the right certified and qualified accountant for your business.
Make sure that they are a qualified accountant
As they will be dealing with your finances, you will want to make sure that the accountant you pick is fully qualified for the job. There are certain accreditations that you can look out for which showcase a quality accountant. This includes IFA, CIMA, CIPFA, ACCA, and ICAEW.
Do they have experience with small businesses?
If you are just starting up, then chances are that you won’t always know what to do when it comes to some areas of business. Having an accountant who understands some of the problems that you might face is a great help. Particularly if they understand the challenges that small businesses go through.
Shop around
You should never be afraid to shop around for an accountant, after all, if you don’t compare them, then how will you be sure that they are the right one. You should aim to ask them all the same questions, and if they are similar in price, then you should go for the one that you get the best feeling about.
Find out what is standard
The last thing that you will want is to find out that your chosen accountant charges extra for most of the things that you will need to use them for. A good idea is to make sure that you understand what is thought to be a standard service, right from the very beginning. That way there can be no confusion when the time comes to pay your bill.
Ask around for reviews or recommendations
When you set up your business, chances are that you will decide to join some networking groups which will help you along the way. Not only are they are a great place to make good business connections, but you can also use it as a forum for recommendations. Ask your fellow entrepreneurs the accountants they use, and that way you can be rest assured that they will be the quality that you are looking for.
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