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Accounting Firms in the UK
Williams Knowles
Worksop, Nottinghamshire, East Midlands, S81 7AD
Williams Knowles & Co is a well established accountancy practice that has been providing accountancy services in Worksop and the surrounding area for over 30 years. If there is anything else you wish
Otter Accountants
Ottery St Mary, Devon, South West England, EX11 1DT
Rachel Hollox, director of Otter Accountants, qualified as a Chartered Accountant whilst working for Coopers & Lybrand in Plymouth (now PwC), and worked in industry in the financial services sector in
Calcutt Matthews, Chartered Accountants
Ashford, Kent, South East England, TN24 8LF
While we have made every effort to provide accurate and up to date information on our website, the law is constantly changing and affects each person or business in different ways. The information
KBMS Accountants
Forest Gate, East London, London, E7 8NW
KBMS is determined to assist you with the accountancy and tax obligations of your business irrespective of the size, reach and nature of your business. Our varied client base extends from sole
Bhatti & Co Chartered Accountants
Wolverhampton, West Midlands, West Midlands, WV10 9LE
Bhatti and Co are accountants specialists based in Wolverhampton. For professional advice on Accountancy, self assessment Tax and vat returns, tax-planning including VAT and Payroll, and for a free
Turpin Bookkeeping Services
Turpin Bookkeeping Services is owned and managed by Liz Turpin who has worked for small and medium sized businesses since 1989. Much of my time was spent working in the back office, preparing accounts
Four Fifty Partnership
Weston super Mare, Somerset, South West England, BS23 1NF
Owner managed businesses choose Four Fifty because they can rely on positive, sensible advice delivered in a friendly, professional manner. They also have the benefit of a range of services to support
Auditax Accountants
Hillingdon, West London, London, UB10 9AJ
We are a firm of professional accountants that offer personal and efficient service in all aspects of accountancy and taxation to its clients. No job is too small. We are here willing to assist anyone
Chancellers
Hitchin, Hertfordshire, East England, SG5 1BG
The business world today can be complex and it is imperative to practice good financial management to give your business the greatest chance of success. Chancellers is an established firm of Chartered
Certax Accounting Preston
Preston, Lancashire, North West England, PR2 2YB
Welcome to Certax Accounting Preston, accountants in Preston & S.Ribble, providing a personalised service to local business owners and individuals. Our aim is to provide you with the best value for
David Stonefield
Cheadle, Staffordshire, West Midlands, SK8 4RS
Helping you to pay the least amount of tax within the law, we work closely with you to provide pro-active support and guidance; helping you evaluate progress, make plans, take key decisions, manage
Newton Company Accounts
Jarrow, Tyne and Wear, North East England, NE32 3DT
Newton & Co is a dynamic firm of accountants and business advisors, headed up by our Senior Partner Mark Newton. We have been established since 1990 and in our Jarrow office from 2001. In these
Fergusons
At Fergusons we provide a genuinely pro-active service offering a range of valuable business services which makes us stand out from the crowd. We'll work closely with you providing easy-to-understand
Torbay Accounting & Consultancy
Paignton, Devon, South West England, DE VON
Whatever your reason for contacting us, whether you need your year-end accounts and tax returns prepared, or want advice and support for setting up or developing your business, we are here to help. We
Stephen Hill Mid Kent
Maidstone, Kent, South East England, ME14 5DZ
Welcome to Stephen Hill, we pride ourselves on being an independent firm of Chartered Accountants, based in Maidstone and New Romney, Kent; our focus has always been to offer a personal service with
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Accounts will become a very important part of your business endeavours, therefore you are maybe wondering how to find the best and most reliable accountant. Since every pound counts for a business owner, you want to know where you stand by the end of every month and year, here is when a reliable and knowledgeable accountant will help you. While using accounting software can help you monitor your business costs, it is simply not enough for your business. There are many benefits of working with a reliable accountant and they extend beyond simply monitoring numbers and costs. If you make sure to choose a good, reliable, and reputable accountant, they can become the financial partner of your company for life. This is why you want to take your time and ensure the best choice when looking for an accountant.
Before you decide to hire an accountant, make sure you understand the four fundamental areas where an accountant can be much of a help.
Fundamental Areas of Accountant’s Expertise
• Accountant can help you with business advisory – An accountant should be knowledgeable about the business environment of your company, also your tax situation, financial statements, etc. Once the accountant is knowledgeable of all these aspects, they will be able to fit all pieces together and help you come up with a business plan and a personal financial plan. An accountant should be able to provide you with helpful and knowledgeable advice on different business aspects from insurance to expansion and everything in between. A reliable accountant will be able to provide you with an objective and unbiased insight and opinion.
• Accountant can help you with book-keeping and accounting – Of course, the main expertise of an accountant is accounting and book-keeping. An accountant will help you by setting bookkeeping and accounting systems to help you monitor and manage your day-to-day business records. A good system set by a reliable accountant will allow you to evaluate the profitability of your business and modify prices if required. An accountant will also help you with monitoring expenses and tracking budget, spotting trends and reducing accounting fees, etc.
• Accountant can help you with tax advice – A good accountant will also provide you with help on tax-related issues and questions in two main areas: tax compliance and tax planning.
• Accountant can help you with auditing – Auditing is a service most commonly required by a bank when it comes to loans. There are many levels of auditing and an accountant can help you with preparing financial statements, the actual audit, and other aspects of auditing.
How to Choose an Accountant?
Of course, the best and often easiest way to find a reliable accountant is by getting referrals. You can get reliable referrals for an accountant usually from your attorney, banker, or business colleague because these are the professionals, who often need to work with an accountant. While a good accountant will often work for a big company, there are many reliable and experienced specialists, who are certified public accountants and work for middle- and smaller-sized companies and businesses too. It is very important to check if the accountant has a CPA. Once you narrow down your choice and settle on an accountant professional, it is important to consider and discuss with the accountant how much of the work will be done by your company and how much of the workload will be done by the accountant. In general, an accountant will be able to help you in three broad categories: recording transactions, assembling transactions, and generating returns and financial statements. It is important to determine in which category you will need the help of the accountant.
The next step when choosing an accountant is to interview them and see how you will “click”. If you have narrowed down your choice to more than one accountant, make sure to arrange interviews with all of them. There are many questions you can ask in order to determine whether an accountant can be helpful to your business or not, most of them we will explore below.
Questions to Ask an Accountant
There are three main categories of questions you would like to ask the accounting specialists during the interview you arrange with them.
• Services – Is the accountant offering bookkeeping besides tax and auditing services? What about management consulting, estate planning? Does the accountant help with the design and implementation of a financial information system that works for your business? Does the accountant offer additional services such as analyzing transactions for loans and financing, preparing, auditing, reviewing and compiling financial statements, managing investments, representing you before tax authorities?
• Personality – You should make sure that the style of work and personality of the specialist is compatible with yours. Is the professional the right choice for handling your business? After all, you are leaving your business in their hands, you want them to be reliable and professional. Ask specialists how they will handle situations and issues relevant to you and your business. Listen to the answers and make a decision on how they will approach your company.
• Fees – Make sure to ask about service fees upfront. A reliable accountant will never be hesitant about asking such questions and they will provide you with all the information you need to make a decision. Most professionals will commonly charge by the hour. Make sure their fee system and all the costs involved in working with them works for you and your business. Get a range of quotes, if needed, and you can also make a final decision based on the budget you can use for working with an accountant. However, don’t base your decision solely on cost and mainly look for experience, professionalism, reliability.
Make the Most of Your Work with an Accountant
After you make a final choice and decide on a specialist, make sure to engage them through a letter or a document that spells out all terms of the agreement. Such a document should mention all details including the fees to be charged. Such a document will make sure that both you and the accounting specialist have the same expectations from this relationship.
Fundamental areas of accountant’s expertiseHow to choose an accountant?
Questions to ask an accountant
Make the most of your work with an accountant