There are many factors to think about when you need to find reputable Bristol accountants. It’s vital that you don’t underestimate how important picking the right accountant for your needs is. The best accountants can save you time and money whilst helping your business prosper, but if you make the wrong choice, you could find yourself paying out for a service that causes more problems than it solves.
Weighing Up Your Options
With so many accountants to choose from, the amount of options available to you can seem daunting. Some say that hiring the wrong accountant can be even more damaging than recruiting the wrong employees. Experts advise those looking for Bristol accountants to enlist someone comparable to a business partner, with vast experience and expertise in helping companies grow. You may wish to meet with multiple accountants before you come to a final decision. It’s a clever idea to speak to at least three potential accountants to see what they have to offer before the final choice is made. As you’ll be working so closely with and placing so much trust in your accountant, it’s wise to look for someone who you have a great rapport with. You’ll also need to check they have relevant qualifications and are regulated by a professional body.
Asking For Recommendations
Why not speak to trusted business associates from your sector and see who they can recommend? Meeting current clients can be very useful – most reputable accountants will have no problem with facilitating this. Whilst accountants are associated with looking after accounts and tax affairs, the best accountants can also assist you in various other areas. They may be able to introduce you to tax relief schemes, help you obtain government funding and grants and identify ways of saving money legally without losing productivity or efficiency.
Think carefully about fees. Even if an accountant can save you a great deal of money, this is worthless if the savings are offset by the money you’re paying them. It’s wise to be upfront about costs from the start and ask how much their services are going to set you back immediately rather than risking a nasty surprise further down the line. It’s also vital that your accountant has sufficient experience in your specific sector. The best accountants will help you plan for the future and assist you with working towards clear goals.
Staying in Touch
Ask how often you’ll be able to contact your potential accountant, and whether they prefer to communicate over the phone, via e-mail or in person. The less contact you need, the more money you can save, but make sure you’re not getting less contact with your accountant than you actually require. If you’re working with a big firm, the person you talk to initially may not be the figure doing the work. Once the deal is sealed, you’ll need to examine their performance on a regular basis to ensure you’re getting the service you signed up for. Don’t be afraid to look for alternative Bristol accountants if things don’t seem to be working out.