They’re handling your money. Your accounting firm needs to be on point, and you need to know what to look for. Don’t worry. This list has you covered.
Managing your money isn’t an easy thing! If it was, it’s safe to say that we’d all have a bit of extra padding in our pockets these days.
So if you want to get your finances in order and save up for the future, one of the best things you can do is find an accounting firm to help you.
It doesn’t matter if you’re a millennial trying to find your way or an “established” person trying to get a better handle on their family’s budget, we can all benefit from some good advice and solid help!
Like most things, though, not all accounting firms in London are made equal. You’ll want to do your research and find a company you can trust.
To help you find a firm that’s best suited to you and trustworthy, we’ve put together five things you’ll want in your accounting firm!
The top 5 things you want in your accounting firm
Finding someone to help you with your finances isn’t a light duty. The firm you go with needs to know the laws and taxes, help you keep your paperwork in check, and crunch the numbers for you.
This process shouldn’t be stressful so here are our five things you should look for in your next accounting firm.
A fair price
One main thing you need to keep in mind is that working with an accounting firm shouldn’t break your budget. They’re here to make sure your money is in order, not drain it from you!
Make sure that the firm you are working with charges a fair price and you can check what this is in your area by asking different firms as you are doing your research.
Don’t go with the lowest price, but instead find a reputable firm with a price that falls in the middle.
Make sure that the firm you chose to work with doesn’t hold a seasonal schedule.
This means that you can get help during times of the year that aren’t the UK tax season since we should all be taking care of our finances year round!
Your tax professional should also be there to help you when you need either with open appointments and walk-ins.
Your accounting firm should be a one-stop-shop for you. Why give yourself more work by having to find different firms for different issues?
If you are looking to keep your budget and books in line make sure they can also help you with taxes later on.
Voice your needs and any questions you have just to make sure you and the firm are on the same page when it comes to what you’re looking for.
Have they worked with people like you before?
Make sure that you aren’t the test subject that accounting firm is dealing with when it comes to a specific situation.
Single mother? Student? Freelancer? Let them know your situation and ask if they have experience with your needs.
Part of doing your research must be finding out the experience level of the accounting firm before you settle on working with them.
Is it a brand new firm full of newbies or is it new but full of people who have 30+ years in the industry? Make sure to ask to see certification as well!