A qualified accountant is essential for business owners who don’t want their time spent worrying about VAT returns and balance sheets. This is where problems can begin. Google “accountants Yorkshire” for example and you’ll find a lot of listings. But how can you choose the right one for your business?
We look at the most common problems small businesses have when searching for an accountant, and offer some solutions.
While most accountants offer the same services in tax and accountancy, there will be differences in their client expertise. While some accountants may specialize in working with small businesses, others might be more focused on sole traders. You want to work with accountants who have previously worked with companies similar in size and revenue as yours. If you are a sole trader, it is not a good idea to select a firm that specializes in SMEs with a turnover greater than £1m+.
Consider whether sector expertise might be of value. It is a good idea to hire someone who knows how to submit CIS returns and is familiar with the Construction Industry Scheme rules if you are in the construction industry.
Yorkshire Accountancy has a wide range of experience working with a wide range of clients, meaning that we can tightly integrate within many types of business.
It can be confusing to know what services you need when there are so many accountants who offer a variety of services. Are you only looking for tax returns? Do you have a major concern about self-assessment? Would you like to receive business growth advice?
Accountants have full access to your financial data, so they can help you spot trends and identify areas that need improvement.
Even if you don’t feel you have the support you need now, consider what you will need in the future. You don’t want to be looking for a new accountant within 12 months to help you grow your business.
Yorkshire Accountancy can tailor packages perfect for your needs and requirements.
Finding an accountant for small businesses is difficult because of money. Companies want excellent service at a fair price. This is why it is so important to know upfront how your bill will be.
Fixed fees give you the benefit of being able to access advice throughout the year and the security of knowing what you’ll be paying. If you are only looking for help in one area such as taxes, an hourly rate might be a good choice. However, you will be charged for all phone calls and emails. If an unexpected problem is discovered, this can quickly add up.
Yorkshire Accountancy offer simple and flexible pricing to ensure that you get no random bills!
There is a wide array of accounting software out there that have different benefits and drawbacks depending on your business needs and requirements, finding and using the right one for your business is necessary! This is why Yorkshire Accountancy is qualified and experienced in all of the mainstream accountancy packages including Xero, QuickBooks, Sage and many more, which means we can work with you to find the best accountancy package for you or work with your current accounting solution is one is already in place.
It is not difficult to find an accountant, but it can be difficult to find one who meshes with your business perfectly. This is why it is important to meet with them first. This will allow you to identify the services you require and, most importantly, ensure that you are a good fit with your chosen accountant.
We provide a wide range of accounting services, and we are happy to assist you in any way you need. For a complimentary consultation, call us today.
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