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Choosing an Accountant: What You Need to Ask

February 28, 2012 | Comments: 0 | Views: 183

Keeping your company finances in order is no easy task and it is likely that you will need to employ the services of an accountant sooner or later, but how can you go about finding an accountant that is right for your business? What should you look for and what questions should you ask?

Choosing the right accountant for your business will depend on the complexity of you company needs, as well other factors such as company size. You will also need to consider exactly what kind of services you are looking for. For example: Do you want help only with the more complex tax and payroll issues, or do you want a comprehensive service that includes even the most basic book-keeping?

Once you start looking for an accountant you may want to consider asking the following questions:

Does the accountant hold professional accounting qualifications? Qualified accountants will often attach the word "chartered" to their title. This means that they have been incorporated by royal charter. Choosing a qualified accountant is important because if the law is broken through poor practice it is you and not the accountant who will be held responsible. Does the accountant have professional indemnity insurance? If things go wrong as a result of poor advice, you may be able to make a claim, so it could be very important indeed. How many partners does the accountant have, and who will you be dealing with on a day-to-day basis? Smaller accounting firms often work well for smaller businesses, and knowing exactly who you will be dealing with will help you make a more informed decision on the most suitable accountant for you. Does the accountant have experience relevant to your requirements and your business needs? How much will the service that you require cost? On what basis will payments be made? Straight-forward questions such as these may seem obvious but getting the information at an early stage can help you better compare different providers and find the option best suited to you.

A chartered accountant can help you with a range of services from payroll and tax returns to book-keeping and filing your annual accounts, many accountants will offer a service tailored to your needs.

Getting a new company up and running can be time-consuming and stressful, employing a chartered accountant that you can trust can help lighten the load leaving you to get on with what you do best: Whatever product or services that your new company specialises in.

John Hughes writes for Juniper Accountancy, a professional Bristol accountancy firm. As chartered Bristol accountants we can provide your business with a complete end to end service to take care of all your accounting and tax needs.

Source: EzineArticles
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