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7 Great Tips For Choosing An Accountant For Your Business

By Mark Walters
Oct 19, 2009
This article aims to give you a few pointers for choosing an accountant to look after the reporting of your finances - naturally, this will perhaps be on the most important relationships in you business, so you need to get it right.

So, what are the top 7 tips for choosing an accountant?

1) Analyze your own needs. Do you just need someone to help you meet your statutory requirements? If so, then a larger, reputable, brand name accountancy firm will probably be your best option. However, if you are looking for specific help and someone to help guide your business financially on a regular basis, then a smaller, more responsive firm would probably be better.

2) Ask for an initial meeting. Any accountancy firm worth utilizing should be more than willing to offer you an initial meeting, which is free of charge. This is an opportunity to assess whether what you need, and what they provide, are one and the same thing.

3) Get a detailed, transparent pricing list. Don't accept general answers as far as pricing is concerned, as otherwise you may be hit by unexpected, hidden charges at a later date. Tell them exactly what you need and ask them to tell you exactly how much it will costs. Also, be sure to agree on what terms, and on what timescale, payment can be made.

4) Ask for testimonials. The testimonials should be more than just a list of company names - ask for the names of senior people within client companies, with contact details. Even better, take client names from the website and call them unprompted; this may garner a more honest opinion.

5) Look over their website. Check out the website of the accountancy firm - is it up to date, and a place with useful resources? If they don't have one, are they really likely to have the most efficient use of technology within the firm?

6) Use the internet for research. It's amazing how much information can be dredged up just by Googling a company name. As well as getting credit reports, a few minutes spent scanning search results will often point to comments on forums, recommendations or outstanding disputes, all of which can help you form a picture of the firm.

7) Evaluate their response times. If you fired off an email enquiry, how quickly did they respond? The chances are that the speed and comprehensiveness with which they answer your initial questions, will be reflected in their ongoing service.
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