Your Accountant

Making the Most of Your Accountant There are a lot of factors to take into account when choosing your accountant. You need someone you feel comfortable with, that you trust and that, most importantly, matches your priorities. These factors are:
  • Easily Reached: Help and advice should be part of the accountancy package, so make sure your accountant is willing to be at the end of the phone when you need them.
  • Approachable: If you have concerns or questions, you need to know it’s okay to ask. Find someone who’ll understand you, and respond in a way that makes sense to you.
  • Commercial Awareness: Does your accountant understand your business? Are they willing to take the time to talk and learn about your ideas for your business?
  • Quick Response. Make an enquiry and see how quickly they respond. If they aren’t fast now when trying to get your business, what will they be like when they act for you?
  • Will Visit You. Ask them if they will visit you for an initial consultation free of charge. If spending the time travelling or consulting with you isn’t worth their time, is working with them going to be worth yours?
  • Use of Email. Equally, if they’re willing to communicate regularly by email, it will speed up service and save costs.
  • Gives Tax Ideas. Ask them what tax ideas they have for you. You want an accountant who will pro-actively come up with regular new ideas.
  • Prepare for Meetings. Make sure you prepare for any meetings you have with them and let them know beforehand what you want answers to.
  • Fixed Fees. Make sure you get a fixed fee wherever possible for your work. If not, get a fee they won’t go beyond without your agreement. Don’t worry about hourly rates, it’s the value of what you get that matters and the more experienced accountants with higher hourly rates can do the work a lot more quickly and efficiently anyway.
  • Fixed Timescales. Equally, agreeing fixed timescales for work means you have their guarantee it’ll be complete and one less thing for you to worry about.
  • View their Website. To see how pro-active they are and what they offer to clients. If they don’t even have one for you to find out more about them or it’s a very poor website what does that say about the service you’re then likely to receive.
  • Who Will You Deal With? Find out who you will be dealing with in the firm or will you be passed around lots of different people?
  • What Services are offered? Find out if they offer all the services you need and are likely to need in the future?
  • Existing Clients. Ask to speak with some of their clients to see what they say about them.
  • Engagement Letter. Ask for a copy of their engagement letter and make sure everything you need is included and make sure they keep to what they are to do.
  • Engaged: Do they listen to you or mostly talk at you? You want an accountant who takes a real interest in you and your business and takes action on what you need. If not, lose them, lose them quick!

To find out how we would work with you, please contact us 01622 671199