How to choose an accountant

Here is the answer to how to choose the right accountant;

Be careful if you choose a wrong one you will lose money, time, and maybe even the business…

1) Investigate and, if possible, choose an accountant before you start your business.

2) Make sure your accountant is fully qualified, for example as a certified or chartered accountant.

3) It is essential that your accountant works with small businessclients. If your business generates a large number of transactions (forexample, an online shopping service), make sure the accountant hasexperience with dealing with companies in your sector if possible.

4) How much does the accountant charge?

5) When you first meet a prospective accountant, you will know soonenough if you see eye-to-eye. It is important to develop a goodrelationship and know that your finances are being handled by someoneyou trust. You should contact at least 3 accountants and find out whichone best meets your requirements.

6) What other services does the accountant provide – can they completeyour self assessment returns?, do they provide business advice orfurther information to help grown your business?

7) As a small business, we find that the best accountants are also likely to be smaller in size.

8) Ask to speak to existing clients before signing up.

9) Make sure your accountant keeps in touch with your business.

10) If at some stage you decide to sell your business, you will need agood accountant more than ever to minimise any tax liabilities payableon the sale.