Finding the best accountant for your business is a necessity. You should always ask questions to make sure the accountant you hire can always meet your business needs. Whether you are a start-up or well-established business, advice from qualified accountants will be beneficial.
Coleman & Co offer advice and consultation, ensuring we can discuss your needs before beginning our accountancy services. We work in Lisburn and throughout Northern Ireland to help all businesses as an accountant.
What Are Your Fees?
One of the biggest factors for new start-up businesses is how much hiring an accountant will actually cost. You want an accountant who meets all expectations, however, if they are too expensive, this shouldn’t fit your criteria. The cost of your accountant will differ depending on personal or business taxes and the type of business you run. Furthermore, prices could increase if you want more services from your accountant to improve business finances.
Nevertheless, hiring an accountant could also save your business in tax money. Although you still have to pay your accountant, this can be taken from your business expenses, meaning profits go down, but business tax would not have to be paid on the loss in profits. Before hiring your accountant, you should always consider the cost and whether this fits within your budget.
Do You Have Experience & References?
Accountants should always have experience under their belt. You want someone who is an expert when it comes to managing other businesses’ finances and this can only be achieved with experience. If it is possible, you should try to find references to businesses who have worked with the accountant.
This will give you a good understanding of whether they have worked with similar businesses before and if those businesses have been successful. As a start-up, you want the best possible guidance for you to flourish. With advice from someone already knowing the industry and the financial side of your company, this experience can be vital.
How Will We Communicate?
Perhaps the worst scenario you could be in is where you are unsure regarding finances and can’t contact your accountant. You may not find an accountant who is available 24/7, but you want queries responded to quickly. For more thorough and detailed financial reports, you also want to book regular meetings and consultation, so communication should be at the top of your priorities.
Your accountant will discuss how often to meet regarding your business finances but if you want to meet more often, this should be an option. Furthermore, ask for the best method of communication. Whether this is email, phone call or any other methods, you want to know how to get an answer without delay.
How Is Your Current Accounting Improved?
Chances are that your current accounting process is not as efficient as possible, otherwise, you wouldn’t hire an accountant. When you have worries regarding your current accounting, you should make sure the accountant you hire has a good understanding of how to improve your current accounting process.
This will also give you a better insight into how your overall finances may improve with more effective accounting. You will have your own ideas about how the business can improve financially. Having an expert to talk to regarding this makes a big difference.
Do You Offer The Services I Need?
If an accountant doesn’t offer the services needed for your business, then they clearly aren’t the right choice for you. Accountants should have varied experience in all aspects of business finance and accounting.
Make sure you discuss the services you expect to receive for your business and anything you are struggling with that you need an accountant for. This will quickly identify whether the accountant is right for you or if you need to look elsewhere.
To book a consultation with Coleman & Co and discuss the services we have available, contact our team today. We offer any advice and information you need for personal or business finances, talking you through what our team can do for your specific situation. Call us on 028 9266 3599 or fill in our contact form to make an enquiry.