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 maths 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. 

Working with your accountant 

So, you’ve paid due-diligence and you’ve hired an accountant that you feel is best matched to your business. We’ve put together some of our key top tips about how to best work with your accountant: 
Check in regularly throughout the year – not just at key dates 
If you are struggling with something, ask for advice 
Engage with your accountant when making decisions 
Know what your accountant needs from you to get the job done 
When you speak to your accountant, take notes so you have a clear idea on what needs to happen next 
If you’d like to hear more about Abaqus and whether we’d be a good match for your business, drop us a message at tom@askabaqus.com or call us on 01452 596765
Share this post:

Leave a comment: 

Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings