Good Accountant For Your Small Business Or Home Business

So – where do you find this aws accounts sell You might try the Yellow Pages, check the listings with each of the accounting bodies, ask family, friends or, maybe your banker? All of the above, possibly. But how do you know that the people on that list are reputable and right for you and your business?

Accounting firms come in all shapes and sizes.

Tier 1 firms are international firms and tend to only work with large businesses. The second tier firms generally are international firms as well with the same name throughout the world, and while they might not be as large as the tier 1 firms, they also prefer to work for businesses of a reasonable size. The next tier firms are likely to have several partners and generally have a national and sometimes an international affiliation. They tend to work a lot more with small businesses. Finally there are smaller firms with one, two or maybe three partners who generally specialise in small business or people who earn salaries and wages.

When selecting an accountant, you are looking for someone who specialises in your size of business, has some experience in your industry and who gives timely, pro-active and useful advice at a fair and reasonable cost. It is also someone who shows they care for you and your business and who you feel you can build a longer term relationship with – someone you are comfortable with and can come to trust.

You need, therefore, to put some effort into selecting the right person and firm.

Step 1: List What You Need from an Ideal Accountant

What do you want from your accountant?

Is it just to complete your annual accounts and tax returns – or are there other matters that are important to you?

To help you in that task we have attached a list of many of the services that accounting firms may offer. Refer to the list to ensure you do not overlook an important service that you will require from your accountant.

Make a list of the services that you think you might want from your prospective accountant. This way you can draft some questions that are relevant and pertinent to your specific needs.

Step 2: Lookout for the Credentials of Certified Public Accountants

Make a list of say 4 or 5 firms.

Check their web sites – how informative are they? Do they seem to provide services for a small business like yours? If they have no web site – ask yourself – how progressive and up to date are they likely to be?

Are the principal(s) qualified? Do they belong to one of the main accounting professional bodies – Chartered Accountants (CA), Certified Practising Accountants (CPA) or National Institute of Accountants (NIA)? A member of one of the 3 main accounting organisations must complete a minimum number of annual Professional Development hours keep themselves up to date.

Step 3: Evaluate the Reputation of a Good Accountant

Ring each of them (or reduce the number to 2 or 3 firms) and ask to meet with a person who might be able to help you, or speak to them immediately if they are available. Explain who you are and ask if they can offer their services to a business such as yours, and whether you can you meet to discuss those services and costs. This meeting should be at no cost to you and be, perhaps, about an hour in length.

Assess your experience with them so far – how were you greeted by the receptionist and the accountant – if you spoke to one at that point? Were they pleased to talk to you, friendly and helpful.

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