One of the most useful and important contacts you will ever have in your business is your accountant. Your accountant is an expert in tax and finance and can guide you in the right direction and help you make some very important business decisions.
This is why you should choose carefully and ask the right questions before making your decision. Here, we list 5 questions that you should ask your potential accountant before signing on the dotted line.
- Do You Have Any Professional Qualifications?
You do not need any specific qualifications to be able to call yourself an accountant. Hence when choosing an accountant you should only really consider one with recognised qualifications for example the ICAEW (Institute of Chartered Accountants in England & Wales) Chartered Accountant qualification. Qualified accountants must comply with their professional bodies and are on top of their game.
By choosing a qualified chartered accountant you can rest assured that your business will receive advice from a highly qualified professional with a recognised qualification. Unqualified accountants may be restricted by law and may only be able to do a small number of things for you.
- Do You Charge A Fixed Fee?
It’s always useful to have an indication of fees from the moment you sign up with an accountant. Further, once you know how much your accountant charges you don’t want to find your fee going up as a result of further meetings or consultations over the phone.
Having a fixed fee service means that you will know exactly how much your accountant will charge you, hence no nasty surprises down the line.
- Can You Show Me Examples Of Other Clients That Have Been Happy With Your Service?
Before choosing an accountant it’s always wise to see examples of previous work that they may have done. Your potential accountant may have some case studies that you can peruse at your leisure, or better still, there may be testimonials on their website that you can view.
- Will I Have Access To You When I Need It Most?
If your accountant is your business adviser it’s important that you have access to him and his expertise when you need it most. You must ensure that you can pick up the phone at any time and if need be visit your accountant to discuss your business requirements in more detail when necessary.
- Can I Access My Accounts At Any Time And From Anywhere?
Some accountants use cloud accounting software which has made it easier for businesses and their accountants to view and manage their accounts in real time. This has led to time and cost savings and improved data security. This has many obvious advantages for your business and is something you should definitely consider when choosing an accountant.
Appleby Mall are qualified chartered accountants and more than willing to answer any questions that you may have. We can speak to you over the phone and are happy to take a video call via Skype or face time. If you prefer a more personal touch you may visit our offices in Wolverhampton or we can visit you at your business premises anywhere in the UK.