With 2018 just around the corner you might be thinking about ways to improve and develop your business and how efficiently it runs. Re-considering your accountant might be one of the things on your ‘to do list.’
It is certainly in your company’s best interests to have an experienced, capable person handling one of the most important areas of your business – your finances. It is, however, important to take the time to choose your accountant carefully.
Things to consider when choosing your accountant
Location – do you want to be able to face to face contact with them?
Software – how much do they know about the software you use?
Taxes – can they help to reduce your business taxes?
Advice – how proactive are they with helping to develop your business?
Experienced accountants have a vast knowledge of a range of businesses, including those in your sector. They see, on a daily basis, what works well in their client’s businesses and what doesn’t.
But what about costs?
When looking at proposals, how much the Accountant is going to charge is probably a big deciding factor.
However, in the long run, the cheapest proposal isn’t always the best option for your business.
Here’s some things worth considering:
The right person will save you time and money year after year.
When growing a business your accountant should be an integral part of your company. Investing in a good accountant leaves the business owner time to get on with developing the business.
When going to an accountant you are paying for two things – their time and their expertise. The less you pay them the less time they have to work on your business. Which ultimately means…
If you want an accountant that can be more active in your business, to assist your growth, you will need to invest in their time.
What to ask yourself
When looking at proposals, rather than focussing just on price it is important to ask yourself:
“What value is this accountant going to bring to my company?” “How much time are they going to save me?” and “How can they assist with the growth and success of my business?”
Our team won’t always be the cheapest but if a personalised, friendly, organised and proactive service are important factors for you when choosing your accountant, it might just be worth giving us a call.