The task of choosing Solihull accountants can be daunting for many new business owners, there are many things to consider before making the final decision as this person is ultimately responsible for an issue that can make or break your business.
Before making a decision there are ten things to ask your prospective Solihull accountants:
- The first thing you need to do is ask about their qualifications, this is very important; accountants that are qualified should have the name Chartered or Certified in their title. They should also have membership of associations such as the ICAS, ICAI, ACCA, ICAEW or CIPFA.
- The second question is about the specialization of the accountant. This is a wide profession so accountants may narrow down their area of expertise; instead of a general accountant that covers a wide range of areas you may prefer one that specifically deals with the area you need help with.
- You also need to find out from you prospective Solihull accountants how many years of practice they possess in your specific business sector. Just because an accountant has experience with business doesn’t necessarily mean they have experience with ‘your businesses.
- Find out the size of the firm, some people prefer one on one contact of a smaller firm while others are okay with larger ones that subcontract your work to junior staff.
- Understand how fees are calculated and what the charges cover. Also, will you be paying an hourly, monthly or fixed fee?
- Find out what additional services they offer. These can range from cash flow forecasting, business advice, inheritance planning among others.try to get a good deal for your buck.
- Find out who will service your account on a daily basis. Some business owners may want a team of accountants while others may be comfortable with one person.
- Ask the firm about their average response time.
- Before hiring a Solihull accountant you may also want references from previous clients, most firms will have no problem supplying this information. If there are issues with giving references this is a red flag.
- The most important question to ask the prospective Solihull accountant is how they can help your business to make money. If the accountant reviewed you financial statement in detail they should be able offer advice on how to improve your business.