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How to choose the right accountant: Tips for choosing an accountant

How to choose the right accountant: Tips for choosing an accountant

If you decide your business needs the services of an accountant, you should take care in deciding who you hire. You will need to consider factors such as experience, location, fees, and ultimately how much of a net positive your accountant is.

The right person for the job should be experienced in saving you both time and money. Here are some things to consider when entrusting someone with your company’s finances.

Location

When you consider your accountant’s location, you need to consider how your business operates. Do you need an accountant in person, or can your finances be managed online? More companies are utilizing cloud-based shared working environments, making it easier to hire a remote accountant whom you can grant access to relevant information.

That being the case, location is no longer an issue. Your accountant could potentially be located anywhere in the world, allowing you to focus on looking for someone based on other factors, such as experience.

Alternatively, if your business does not utilize this technology (or you simply prefer face-to-face contact with your accountant), location is one of the first factors to consider. Your options are then limited to accountants who reside near your business or are capable of travelling there when necessary.

Chartered or Certified

You should consider whether your business requires a Chartered or Certified Public Accountant. You should also consider the scale of work your accountant will take on, in addition to what your business needs and where you are located. Both Certified and Chartered accountants are highly experienced and have completed above degree-level education, accompanied by extensive professional experience. The only difference is that Certified accountants can work internationally due to their status under the ACCA.

This might be more applicable if you need to make use of an accountant internationally. Additionally, this brings you peace of mind in knowing your accountant is regulated by a recognized professional body.

Consider multiple candidates

Before you decide on an accountant, you should interview multiple candidates. Interviews will provide you with information on an accountant’s qualities and background. With this in mind, you should weigh this up against their expected fees and workload.

After you have interviewed a good sample of candidates, you should compare their professional experience and qualifications, and compare this with what your business needs. Does your business require the most highly qualified person for the job available to manage its finances, or can you save expenses with a less experienced candidate? At the same time, you ideally want someone with more utility if you are audited, and is proactive about saving you money. Therefore, your choice should lie with the person who will provide the biggest net positive to the company.

Consider these tips for choosing an accountant, and get in touch with us to find out more about how your company’s finances can be managed in a way that works for you.

Affordable Pay-monthly Packages

We offer a full range of services to limited companies, solo trader, partnership, charity, LLP, CIC as well as individuals. We have arranged our services into easy to choose packages that suit your needs.

Start-up
£ 50  / Month (+VAT)

This price plan is suitable for the start-up companies who are not VAT registered.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Payroll & RTI submission for 1 employee
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Assisting with correspondence from HMRC and Companies House
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 80K
Limited Company
£ 100  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.

  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 2 employees
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • MTD VAT returns submissions – quarterly
  • Unlimited face to face advice and email support
  • 1 Director
  • 1 Shareholder
  • Annual turnover should be less than 100K
Company Pro
£ 150  / Month (+VAT)

This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.

  • Company formation (if required)
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission for up to 5 employees (Free)
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for Director only (Free)*
  • Unlimited face to face advice and email support
  • 2 Directors
  • 2 Shareholders
  • Annual turnover should be less than 200K
Company Premium
Let's talk.  / 

This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.

  • Company formation
  • Year-end accounts preparation and submission
  • Corporation Tax returns
  • Monthly payroll including RTI submission all employees
  • MTD VAT returns submissions – quarterly
  • Personal tax return [salary & dividends income only] (Free)*
  • File confirmation statement (annual return) with Companies House
  • Reference letters for the all Directors (Free)*
  • Unlimited face to face advice and email support
  • Flexible and can be discussed
  • Annual turnover should be more than 200K

Add on Services

  1. Personal Tax Returns

    This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.

    If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.

  2. Tax Investigation
  3. Business Legal Support
  4. Company Formation
  5. Business Mentoring
  6. ARA accounting services for ATOL & ABTA travel companies

    Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate. 

Taxcare Accountancy was formed to provide Small & Medium Businesses with an affordable, proactive and professional accountancy services…