Important Things to Consider.

Now that you're ready to look into choosing an accountant, don't fret, is here to help you make a decision.

First of all it is extremely important to make sure that the potentials actually have the word chartered in their job title. It is very easy for anybody to call themselves an accountant, if for example you help a family member with their yearly tax return you could consider yourself and accountant, the chartered bit comes from actually having the qualifications.

If your looking for an accountant for personal reasons such as tax returns, then try asking friends or other family members for any recommendations they may have. If you're a company then do the same but also try asking any contacts you have met through business, as there is no better way of locating someone than a personal recommendation.

With regards to costs, it is important to always get a low down of these in advance. There is absolutely no point in appointing someone, only to receive a bill for some services six months later and be bowled over by the price. Getting in advance what is going to be due and when it is going to be due by will make everything run a lot smoother. Also check out whether or not your initial meeting is going to cost you anything as a lot of companies will offer this first meeting for free, but obviously other will still charge a fee.

Contact two or three potential candidates and meet up with them all. From this initial meeting you will get a grasp of whether or not you get on with this person, and this is extremely important because if you see eye to eye with them you will feel a lot better about trusting their company and this person in particular with your finances.

Ask the company themselves for the contact details of some of their clients, any firm worth dealing with should be quite happy to do this and should have a list ready with their clients asked previously if this is ok.

Finally your chosen chartered accountant should be in regular contact with you all the year round. It is no good not speaking to them for most of the year and then getting stressed out when it comes to year end. Some firms might recommend a bookkeeping service to you, which normally involves a member of their staff coming out to you on a monthly basis to update your accounts or do the payroll etc, but it means that your in constant contact and that your accounts are always up to date, although there will be a charge for this service.