6 Key Things to Consider When Choosing an Accountancy Firm

Are you looking for a reliable, professional accountancy firm that will not only handle your basic accountancy needs but will also bring valuable business insight and expertise to your work? Picking an accountant or an accountancy firm is not easy. There are many things you need to consider when looking at accountancy firms. The wrong choice can bring problems, not just in terms of issues with the tax authorities but also questions of effective personal interactions. Here are some things you need to consider when you are finding the right accountancy firm to hire.

1. How Do they Charge?

You need to find out about not only how much accountants in central London charge for the work you need completed, but also what they charge for. Some accountancy firms charge a set rate for a job or project and others charge by the minute or by the hour. If you end up calling your accountant for many business queries and considerations, the charge by the hour concept could become very expensive.

2. What are their Specialisms?

Professional accountants in central London generally concentrate on certain business areas – a jack-of-all-trades won’t provide the specialist business expertise you need, so you should look at the areas in which the accountant specialises.

3. Are They Legitimate and Certified?

It goes without saying that accountants in central London should abide by the correct levels of certification in order to be able to offer a decent job and a quality work output. It is important to work with an accountant you can trust. Certification is one of the ways you can find out whether an accountant is professional and knows what they are doing.

4. How Much Advice Do You Need?

Whether you want an accountancy firm that offers in depth business advice or you prefer to go it alone, you need to make sure that the level of advice given by the accountancy firm is tailored to your needs. Many businesses do not want the advice given by full-service accountancy firms, but others will find this invaluable.

5. What is their Availability?

Some firms are happy to answer questions on any subject, at any time of the day. Others have set office hours, and others are only available to answer questions when there is a tax deadline or specific change in regulations. Depending on how much help you need, choose your accountant wisely or you could end up getting frustrated.

6. Is there a Personal Connection?

If you don’t feel comfortable discussing your finances with your accountant, then they are not the best for your needs. An accountant like www.gsmaccountants.co.uk does not talk in jargon or go out of their way to make you feel bad. You need to feel completely at home when discussing your finance and tax needs – choosing the right firm makes all the difference to your overall happiness. You need someone you can talk to and who will offer you relevant, useful business advice.