Few Points to Consider Before Hiring an Accountant in London

Posted by Amit Gupta on December 9th, 2016

Hiring the right accountant in London is crucial if you are serious about making your business prosper financially. Having proper accounting support also ensures that you remain in compliance with laws and regulations, thereby preventing issues in the future. But with so many accountants and accounting firms in London, how do you choose the right one? Here are some points to consider when sorting the wheat from the chaff.

1. Check their accreditation.

Make sure that the accountant you choose has qualified through the, the Association of Chartered Certified Accountants, or the Institute of Chartered Accountants. These are the main accountancy bodies in the UK. Members are held to account in the event of bad practice, which means that you’ll be afforded some degree of protection should things go wrong.

2. Ask if they specialize in your industry.

Some of the best accounting firms in London focus on certain sectors, such as medical and healthcare, real estate, retail, technology, etc. Some accountants specialize in helping smaller businesses while others only accept multinational clients. Choose an accountant in London that has plenty of years of expertise in your industry and in helping clients in the same boat as you.

3. Ask about their fees.

How much do they charge? Are the fees fixed or do they have an hourly rate? Choose an accounting firm with a simple, fair, and transparent fee structure. It’s better to work with a company that offers fixed fees so you know exactly what services you’re getting—and at what price. A good accountant in London will quote fixed fees for a certain set of work and would never do anything that involves extra frees without seeking your approval. This way, you don’t get a surprise bill at the end of the year.

4. Talk to their team and assess if you feel comfortable with them.

It’s important that you like their attitude and how they work. After all, they will be advising you on money—and you need to be able to trust them while feeling comfortable enough to be candid about the finances of your business. Trust your instinct. You want to be working with an accountant that you click with.

5. Check how responsive they are.

A good accountant in London will speak to you on a regular basis—not just once a year when tax returns are due. It’s a good idea to hire a firm so that you get support even when your main accountant takes time off.

About the Author:

Allenby Accountants is an independent accounting firm, located in Uxbridge, West London. We are accountants, business advisers, offering financial services and helping you to achieve your business ambitions. Our offered range of services include accounting, bookkeeping, tax management, VAT management, tax planning, Inheritance tax, capital gains tax issues, succession planning, etc. We specialise in offering services to sectors like medical & healthcare, retail industry, professional services, property & construction industry, charity and not-for-profit organisations and more.

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Amit Gupta

About the Author

Amit Gupta
Joined: December 9th, 2016
Articles Posted: 59

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