New business start-ups require an exhaustive amount of time and effort, a busy and stressful period where making a profit should be the priority but accountants do so much more than just deal with tax, they are also important business advisors who deal with many businesses all the time and offer a full range of financial services in order to save time, cut down on unnecessary expenditure and help plan a business road map to future success.
Hiring an accountant at the beginning is a great way to ensure your business finances are well organised, clear and ready for any inspection. Choosing an accountant is the next step and this is very important as most business owners like to stay with the same accountant for years, this in turn develops into a working relationship of trust which is vital if the business is to survive through both the good times and difficult periods where business is slow.
The first step you should take when looking for an accountant is whether there are any in your local area that have worked with businesses like yours. An accountant who has clients in the manufacturing sector might not be best suited to work with someone who runs a hotel or bed and breakfast business. Ask your local business centre advisors who they recommend as the best local accountants in your area, if you can find a good accountants close to where you live this is an added bonus as you can also pop down to see him/her if you have any problems or questions relating to your accounts.
It is also worth finding out how big the accountant firm is, a large accountancy practice might be good for big businesses but they often charge more than a smaller, family run affair who are likely to more familiar with small to medium sized businesses. Checking out the accountants website will give you a good first impression, the next step is arrange an initial consultation.
Competition amongst accountancy practices is usually pretty fierce so they should be eager to impress you, a good accountant will not mind you asking to speak to their other customers. This is the ultimate test as you will get the best reviews from existing customers. If the accountant comes up with some story about client confidentiality then maybe they are trying to hide something, in which case politely sit through the rest of the meeting and then look for another accountant to go and see.
The Yellow Pages or Thomson Local directory will have many accountants listed or you can even check your local newspaper classified ad section.
By careful consideration there is no reason why you cannot hire a professional, friendly accountant who can take your business to the next level. Remember, accountants are not just for tax returns, they can help with whole host of financial services designed to make you business better and stronger.
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