Choosing an accountant
Posted on 30th March 2021
We aren't all great with numbers. After all, our schooldays may be many moons ago. But you know, you don’t have to be a math's genius to run a successful business, you just need a good accountant!
An accountant can help with many different activities, such as:
Preparing your accounts each year
Providing advice on funding options, such as investments and loans
Taking care of your tax return (corporate and individual), as well as VAT
Helping create an achievable budget
Liaising with your bank, on your behalf
When it comes to selecting an accountant, it’s important to choose one that has experience in working with businesses like yours. It’s not worth hiring an accountant that specialises in multimillion-pound corporations, for example, if you are a small business with a turnover of £25,000. You want someone who understands the possible challenges a business like yours may face.
When you think you’ve found one that fits the bill, ensure that they are certified/chartered and check their references. Make sure their customers are happy with the service and quality of accounting that they are receiving. You want an accountant that is not only well liked, but someone you can trust.
When deciding on an accountant, it’s important not to be driven by price. If you are on a budget, look for those that can provide a fixed-price service. At Abaqus, we provide fixed-price packages from £295 for sole traders and £1,295 for limited. We can also create a fixed-price bespoke package if this is something you’d prefer. This way you know what you will need to pay and when.
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