How to Choose the Right Accountant for Your Business
For business owners, choosing an accounting is one of the most important decisions you’ll make. After all, business is about money, and you’re selecting someone to help you manage exactly that. A good accountant can help your business grow, offering advice and assistance every step of the way. So, what do you need to consider when it comes to finding the right accountant for the job?
Check for certification
Number one on the list is certification. A certified (or chartered) accountant is someone who is fully qualified, has completed adequate workplace experience, and displayed professional competence. For you, this is a guarantee that they’re fit to do the work you need. Going for an accountant that isn’t chartered may save you a bit of money, but could cause problems in the long run. Not least because chartered accountants are a necessity for things like audits and business loans.
Location, location, location
Certification aside, most business owners look for an accountant that’s local. Is this essential? It depends on your business, and the type of accounting you’re looking for. With the digital revolution sweeping across almost every sector, a lot of companies are opting for cloud accounting. This puts all your financial data online for both you and your accountant to view – eliminating the location barrier.
It’s perfectly conceivable for a UK business to have an accountant working in another country. So, you’re free to choose the best accountant for your company. However, if you still want face to face discussions – or an accountant who can accompany you meetings – then it’s worth factoring in their location.
Experience and expertise
When you’re comparing candidates, try to find out what kind of businesses they have worked with in the past – and whether this matches what you’re looking for. Have they worked with other companies in your sector? Do they work with businesses of a similar size to yours? What kind of accounting practices are they familiar with for small or medium businesses – tax returns, auditing, invoicing? And, if you’re looking for cloud accounting, do they have the necessary cloud computing expertise?
Use your contacts
Choosing an accountant doesn’t have to be something you do on your own. Speak to other business owners and ask for their advice. They might have a trusted accountant they can recommend. There are also a range of business advisors and local organisations available for help. Check the Government’s Great Business page to find organisations near you, where you can get advice, training and even network with people from other businesses.
Do your final research
Once you’ve narrowed it down, it’s always a good idea to do some extra research. Dig a bit deeper into the background of your candidates. Check their experience, ask about their professional network, speak to their existing clients. It’s usually worth meeting them to see if they’re enthusiastic about what they do.
Who are we?
UWM Accountants is a team of chartered accountants based in Leeds. We offer stress-free accounting in plain English, and have been helping businesses grow for over 30 years. Whether it’s standard number-crunching, cloud accounting or business planning, we are experts across the board. Feel free to get in touch with our expert accountants today to talk about your business and how we can help.