The Business Bulletin
How to choose your accountant Whether you are relatively new to the world of business or have been trading for many years, it’s important to make sure you have a good accountant in place to advise and support you. But there are a lot of accountants out there, so how do you know which one is right for you?
There are many factors to consider
if they don’t that should ring alarm
what business entity is most suitable
bells straight away).
for you such as a limited company, a sole trader or partnership. A good accountant will be able to advise on this, so get them on board as soon as
Paul Marks Michael Paul Accountants Paul specialises in onsite services for our clients in particular management accounts preparation, accounts software implementation and training, VAT returns and general business advice. 07761 465120 paul@mpaccountants.co.uk mpaccountants.co.uk
should offer a free initial meeting (and
when starting up in business, including
possible to make sure you are getting the best advice right from the off. So, you are ready to find yourself
It’s very important to have an accountant that you feel you can build a rapport with, after all they will hopefully be supporting you and your business for many years to come. Visiting their premises gives you a chance to get a feel for them
your first accountant or need to find
and at this point in the process, you
a new one to replace your existing
are very much relying on gut instinct.
accountant. But where do you start?
How professional do they seem, how
If possible, I would always start by talking to people you trust who already have an accountant and asking if they would recommend them. If you
approachable are they, do they make you feel comfortable and as if your business is valued. Alternatively, you could arrange
don’t have anyone to ask, then you
a video call but (and call me old
might just have to rely on a Google
fashioned) I still think a physical
Before we get to the nitty-gritty of
search. If you are using accounts
meeting is better in the first place.
how to choose an accountant, if you
software, you could also check if they
Even if you never actually meet them
are just setting up in business then
have a directory of accountants who
in person again.
it’s important to say that you should
are knowledgeable in their software.
appoint an accountant as soon as
When you have your shortlist of
accountant is very important, however
possible. Don’t leave it until you have
potential accountants (I would suggest
you also need to make sure they
been trading a while and need your
considering at least 2 or 3 to start with),
know what they are doing. Many
first set of accounts preparing.
go and see them at their office. They
people don’t realise that anyone can
30 | Issue 1 – Finance
Feeling comfortable with your
