Choosing an accountant for your business is both a significant investment and an important decision. So, before engaging one, ask whatever questions you need to be clear on what they have to offer. A good accountant will be happy to answer these.
Create a short-list
When choosing an accountant, start by finding some that you think will suit your needs. An internet search using a relevant search term is a good way to see what is available. For example, if you like the convenience of a local accountant, do a search for accountants in your area, like ‘accountants Chippenham’. This will give you a list of local accountancy firms, including https://chippendaleandclark.com/
Four questions to ask
- How can you help me keep more of my earnings? A good accountant will know of legal ways to reduce a tax bill, such as allowable expenses.
- What is included in the cost? As well as knowing what the accountant charges, you need to be sure what is included in that fee and what costs extra.
- What risks are there in my business, and how significant are they? The best accountants will be proactive in identifying risks such as VAT issues or problems with cash flow, particularly in areas you may not have recognised.
- What software or tools do you recommend? There is a variety of accounting software available, and it is important to know what they will use and if you will have access to it.
If you are not satisfied with the answers, this may not be the accountant for you.
