Long gone are the days of the shadow accountant. The one who lurks behind the scenes and only appears once a year to handle the taxes. Accountants in London are taking on a much larger role in the corporate world. Financial management and risk management weigh heavily on the minds of business owners because of set backs that have occurred in the past. The modern accountant is an extremely important piece of the puzzle and for that reason you must take extra care when choosing yours.
Whether you're new to the business world or have been doing this for years, finding accountants in London is equally important. It's a good idea to have an accountant before your business has even started. This way they can help you throughout all of the planning as well, but it's never too late.
Not all accountants are created equal, in terms of experience, qualifications, certifications, specialties, and friendliness. All of these factors must be considered before committing to any one accountant or accountancy team. Ideally, you want an accountant that excels in all of the areas mentioned above. It can be difficult, but here are some tips for choosing the ideal accountants in London that will make the selection process easier.
Know Your Needs.
It's going to be impossible to find an accountant with the right credentials if you don't really know what you need them to do. Different accountants tend to have expertise in different areas. By knowing exactly what you need from them, you know exactly what expertise and history to look for. Whether you need an accountant with experience dealing with leases, taxes, or franchising, there is someone for everyone.
Start With Some Referrals.
The majority of business for accountants comes from word of mouth. Referrals are the perfect place to start your search for an accountant. You can get referrals from a variety of different sources. Friends are okay, but only if you can trust their business sense. Business associates and financial institutions are often a better source of referrals.
On that same note, there's nothing necessarily wrong with getting a bad referral because as long as you do your research you'll avoid the accountant all the same. That brings up the next point: research.
Always Do Your Research.
Even if you've gotten referrals from top notch institutions, you need to do as much research as possible. The internet is the best place to do your research. You can look for the accountant's website, check with sites that specialize in accounting reviews, and find forums where previous clients are discussing their work.
There are a lot of great sites online that target businesses and individuals looking for accountants. They let previous and existing clients share their experiences to help out future clients. It can also be a great tool for finding local accountants in London if you weren't able to get any referrals that you liked.
Take Your Time.
You don't have to rush your decision. You might feel pressured by time, but this is an extremely important decision. Get referrals, do your research, check their credentials, and ask for references.