Help and Advice
Looking for an Accountant
Your accountant may well have been helping you for many years, quite possibly for your parents before you and as a result, they will not just know your history but will understand you and where the issues are, but most importantly they will have a relationship with you.
To change accountant can, as a result, be a significant challenge and one that most people are understandably nervous about. But it is worth asking yourself the following questions:
- Do you have regular communication with your accountant?
- What services do they provide?
- What are they not doing that you would like them to do?
- Have they sent you any information on MTD (Making Tax Digital)?
- Do they have a secure information exchange system?
If the answer to any of these is no, you should consider looking at an alternative accountant or get a second opinion.
or call us on 020 8863 4566
For Business
Accountants are a fundamental part of any business and when the business is a smaller one they are even more important, providing essential expertise, knowledge and insight that the business may not have internally. So why then are so many unhappy with their accountants.
In banking, it used to be the case that once you opened an account you stayed with them for life, not so anymore. If a person is unhappy with their bank it is now easy to change. And the same applies to accountants.
There are a number of points to check if you are considering changing accountant:
- Do you get value for money from your accountant?
- Are they proactive and help you ensure your requirements will be met in the long-term?
- Have you had a second opinion on what support you need?
Accounting software company Xero recently published research that showed 70% of businesses would not recommend their accountants. Don’t let that be you. If you aren’t happy, look around and find the right accountants to support you.
It is important to get a second opinion, we always say that you should come away from every meeting with something positive and if you are not getting that, then it is probably time to look around for a new accountant.
