Whether you are starting your own business or looking for a new accountant, the search can be frustrating.
After all, when it comes to handling money, you need someone that you can trust. Experience and skills are also essential.
But even if you know what you’re looking for, it can be tough to figure out whether potential accountants have those skills.
With more than 45,000 businesses related to finance and insurance in the UK, many of them dealing with accounting, the choices can be daunting.
Before you start searching for accountants in London, check out these questions that you can use to help narrow down your search.
Have you ever worked with small businesses in my industry?
As with any business, you have needs that are unique to the industry that you work in.
Maybe you work online and deal with electronic invoices. Or you have a cash flow that is very heavy during certain times of the year and much lighter during others.
Choosing an accountant with experience in your industry helps prevent a learning curve. They can help you make decisions you aren’t familiar with. They can also offer advice if you’re starting a business.
How can I communicate with you?
There are hundreds of free and paid accounting services available online. But while they have their perks, they don’t offer the same benefits as an actual accountant.
One of those benefits is the ability to speak to an actual person when you need help or advice.
When you’re just starting out and have questions, you should be able to email or call your client to ask them.
Later on, the accountant that you choose will become familiar with you and your business. They’ll be able to answer even more questions and concerns.
Some people have preferences in the way that they communicate. If you’re one of those people and prefer calling over email or vice versa, communicate this.
If you find the accountant is reluctant to tell you how or when to contact them, you should continue your search. Open, easy communication between client and accountant is essential to smooth business operation.
What services do you offer, and how much do you charge for them?
Accounting services range from payroll services to tax filing. Different accountants in London offer different services.
You’ll want to choose an accountant that offers plenty of services. But you may not need all of those services right from the start.
That’s why it’s important to find out if you can pay only for the services that you need. Whether you find that you can or not, having an accurate cost in mind will help you compare the value of those services with others.
How can you help my business, and why should I choose you over other accountants in London?
Some accountants in London will be a better fit for your small business than others.
Sometimes figuring out whether they are the right choice isn’t something that you can ask with a specific question. Instead, let your potential pick tell you why they would be a good fit for your small business.
Asking how they can help your business and why you should choose them over others allows the accountant to tell you about any specialties that they may have. It also gives you a chance to see where they place emphasis and what their approach to helping you would be.
When you ready to start searching for accountants in London, be sure to give yourself plenty of time. By devoting time and effort to asking these questions and deciding whether the partnership would be a good fit, you’ll be much happier, and more successful in the long run.
It can be a long process, but in the end, finding the right accountant for your small business will always be worth it!