Choosing an accountant is similar to choosing a new business partner. The correct accountant will become a colleague on which you can depend, who offers guidance and will help your business grow. When you have decided it is time to hire an accountant, it is important to take certain steps to find the best accountant possible. This article will provide information on choosing the correct accountants for your business in Wirral.
Does Location Matter?
In previous years, it was essential that the company’s accountant was located close to the business. In today’s society, more businesses are utilizing cloud-based technology to manage the company. This means that you can collaborate with your Wirral accountant using cloud accountant software where real-time data can be viewed by you and your accountant at the same time.
The decision about where to find an accountant will come down to the company’s preferences on handling financial affairs. As a remote worker, an accountant could be based anywhere across the globe. If you are happy to collaborate using cloud accounting software, then there is no need to take location into consideration when choosing an accountant. Of course, there is the chance that you prefer face-to-face contact finding it more beneficial to have a person attend meetings with you.
Regardless of where the individual is based, it is essential they are an expert in the tax laws relevant to your company.
Choose A Chartered Or Certified Accountant
In various countries, accountants are regulated by professional bodies according to their accounting qualification and attempt to maintain high professional standards. Dependent on the country you are in, professional accountants can be known as chartered or certified public accountants. A chartered accountant is a qualified professional who has completed an accounting degree, has workplace experience, and has completed a professional competence program.
If the individual is a chartered or certified accountant, they can add value to your company from the beginning. Furthermore, if the business is expected to grow, it is a good idea to hire this type of accountant at the beginning instead of later on.
Of course, it is possible to utilize accountants who are not certified or registered in the beginning; however, this may be a bad business strategy. Bookkeeping, general financial management and tax preparation may not require a chartered accountant; therefore, you will need one if your business plans to reach the point when you would require a loan.
Relevant Accounting Experience
Needless to say, you will need an accountant with experience in Wirral in preparing financial documents for businesses of a similar size when choosing the professional. If the company utilizes a cloud-based accounting software, much of the task is done; however, you may want to find an accountant who understands the basics along with cloud computing.
It may be even more beneficial if the individual has experience with companies in a similar sector; therefore, they will have an understanding of your business’ needs. If their portfolio indicates work with larger companies, this is a good sign that they will be able to handle growing needs as the business improves.
Talk To Business Associations And Government
Small businesses are the lifeblood of a country’s economy, and this is why governments encourage small business growth. As a small business owner, you can take advantage of the networks business advisers make available to you when choosing the correct accountant for your business in Wirral. Voluntary organisations and local chambers of commerce can also offer advice – make use of these as they can help and it is often free of charge.
Use Your Social Networks
When searching for an accountant, the ideal individual may be directly beneath your social networking nose. Begin by asking family or friends who own small companies if they could recommend their accountant. If so, why? If not, why not? The responses to these questions can prove useful later on, when interviewing the candidates.
While Facebook may not be the best place to post requests for accountant recommendations, it is far more business-oriented. LinkedIn is the most useful when advertising for a professional post, and you may have more luck when choosing from connections on this social network.
As can be seen, there are certain considerations to make when choosing the correct accountants for your business in Wirral.