Choosing an Accountant in Peterborough?
A good accountant is perhaps the most valuable adviser to have for small to medium sized businesses. If your accounts are in order and you are up-to-date with payments, you are far likely to be more able to concentrate on building the business. From our experience, we see a pattern with all our Peterborough clients especially, they all breathe a sigh of relief knowing that their Accountant (Stonehouse Accountants Peterborough, that’s us!) does all the hard work.
There is absolutely nothing more stressful than feeling behind or not in a position of trust with your accountant in Peterborough, so here are some basic tips from the Stonehouse Accountants team on choosing an accountant for your business:
- If possible, investigate and choose an accountant before you start your business in Peterborough
- Ensure your accountant in Peterborough is fully adverse with all tax legislation and procedures – tax is the killer if not dealt with promptly and efficiently.
- If you are a small business in Peterborough, it is essential that your accountant works with small business clients already.
- Online Business Accountant – If your business generates a large number of transactions (for example, an online shopping service), make sure the accountant has enough experience with dealing with companies in your sector if possible.
- Important question ,how much does the accountant charge? Is there a fixed annual or monthly fee to complete all business tax requirements, or do hourly fees apply? Compare the fees of several Accountants and always keep an open mind as what might sound cheap rarely provides good value for money in the long run. Paying less for your accountant can sometimes be a false economy if your accountant doesn’t fully appreciate you tax situation. Pay more tax/pay less fees to an accountant isn’t wise in our opinion.
- When meeting a prospective accountant in Peterborough, you will know straight away if you see eye-to-eye. It is vital to develop a good relationship and know that your Accounts are being handled by someone you trust and someone who understands your financial and life goals.
- Find out what other services the accountant provides – can they complete your self assessment returns?, do they provide business advice or further information to help grown your business in Peterborough?
- Ensure your accountant keeps up to date with your business and not just at year end! If you think your current accountant no longer meets your requirements for whatever reason, change your Accountant!
- Need to sell your business?, you will more than ever need a good accountant in Peterborough to minimise your tax liabilities payable on the sale.
Above all, choosing an Accountant is one of the most important aspects to your business strategies, choose wisely and its one less headache to deal with in the long run. Stonehouse Accountants with protect you, your business and anything related to your tax situation either now or in the future.