Tips for Startups on how to pick the number cruncher that’s right for your business.
The first thing you need to consider when going through your list of potential accountants is whether or not any of them have some degree of familiarity with your business’ sector. It won’t be as much help if you hire someone used to dealing with manufacturing companies if you run is a leisure business as they won’t be as familiar with specific legislation.
Also, look at the size of the firm. A small to medium-sized business accountant will specialise more in the kind of accounts issues common to smaller firms. They are also likely to charge less than a larger firm and give more direct access to more experienced partners.
“The accountant needs to be able to get into your business and show an interest in it as well as just doing your accounts if they are to advise you properly on the business.”
You’re likely to be working closely with your accountant and if you don’t get on at a basic level, your professional relationship may be more difficult than it needs to be.
Ask if you can speak to other clients. This is like asking for references and will be a real test of the calibre of the firm. If they are confident that their service has impressed, they shouldn’t have a problem referring you to a few people. Equally a good accountant should want to make an appointment to come and see your business.