by Jayna Smithhurst
As a sole trader or small limited company, when you initially start out you generally end up doing everything yourself. This usually involves everything from answering the telephone, invoicing, to tidying the office not to mention actually doing the work that your clients pay you for.
If your business begins to expand, you can find yourself with less and less time available to continue doing all of these extra tasks and at some point you get to the situation where you are no longer able to do everything yourself and you stat looking around for people to help. The first person that you should consider hiring is an accountant. But choosing the right accountant for your business isn't as straight forwards as you might think. To help you out, here are some things to think about when choosing.
Make sure that you select a qualified accountant for your business. There are many people who can do your accounts for you and on the surface they may be able to to carry out a good job but you don't really know how good a job they are doing until the Inland Revenue ask to look in to your accounts in detail. When this occurs you really want security of knowing that the person preparing you books is a professional and that they are up to date with all of the current tax laws.
Find an accountant that you think that you can have a strong professional relationship with. When you start looking around you will possibly find a divide in the type of accountants you turn up. One one side will quite often be the bigger accounting firms where you normally don't speak to the same person twice. On the other side will be the small accounting firms that tend to deal with businesses in their local area. If you are a small to medium sized business then the greater personal attention that you receive from a smaller accounting firm will help in developing a productive long-term relationship. The service fees of a smaller accounting firm are also liable to be much more affordable.
Make sure that whoever you select, they are someone who understands how your business works. Most smaller accountants tend not to be specialised in a certain area of business and have much more diverse accounting experience. Ensuring that your accountant knows how your business operates is essential to them being able to carry out a good job for you so make sure that your accountant understands your industry and business set-up.
Choose an accountant that offers a broad range of services. There is much more to accounting than just bookkeeping and at a basic level your accountant should be able to file your tax returns with the Inland Revenue, prepare your financial statements and if the need arises they should be able to present all of the relevant documentation for auditing. Many accountants will also measure your business performance, help with business and growth planning and support your management team.
Make sure that you interview the accountant before choosing and don't just interview one. Always compare the services that you get for the money that you are paying and compare several accountants like for like. Check to see if they already have clients in your area of business and see how deep there understanding of your business is.
<a href="http://www.nhaccounting.co.uk">Bristol Accountant</a> Neil Houghton provides a broad range of accounting services and has over 25 years of experience looking after the accounting needs of a varied range of businesses. <a href="http://ezinearticles.com/?Making-Sure-You-Choose-The-Right-Accountant-For-Your-Business&id=6259931">Bristol Accountant</a>
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New Unique Article!
Title: Selecting The Right Accountant.
Author: Jayna Smithhurst
Email: seo@willowtreedesign.co.uk
Keywords: Finance,Tax,Business,Accounting,Accounts,Accountant
Word Count: 561
Category: Finance
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