28 Nov How to find a good accountant for your limited company
Choosing the right accountant for your limited company can mean the difference between success and failure.
A reliable accountant will help with the initial setup process, such as forming your limited company and advising you on various financial matters. Here are four tips that can help you find a good accountant for your limited company.
1. Choose a Specialist
Although any qualified accountant can provide limited accounting services, it’s vital to work with specialists who deal with contractors, freelancers, and sole traders. Such firms offer a superior and unmatched level of service than you’d obtain from a general accountant.
Additionally, specialist accountants have greater knowledge of the areas that concern you, including setting up your company via Companies House, VAT and Corporation Tax. They can also offer cloud accounting services, ensuring all your business records are safe, secure and readily available upon request.
Ask your friends, family and other limited company owners to recommend accountants they’ve worked with in the past or are currently working with. They’re more likely to give you an honest review, and you’ll easily discover the firms offering a good service.
3. Services Provided
The needs of every limited company are unique, so there’s no one-size-fits-all checklist when it comes to the services you need. It’s advisable to appoint an accountant who’s right for your company by determining the services you need.
For instance, do you need basic bookkeeping, tax advice, payroll, annual accounts or a fully inclusive package? Once you know what you need, ask your potential accountant whether they can provide the services and be specific.
Knowing the scale of work involved allows you to agree on fair and accurate charges and get what you’ve paid for.
4. Qualifications and Certifications
Checking whether an accountant is certified and qualified is essential as anyone can legally set themselves up in business as a tax advisor or accountant. So, look for FCA/FCCA or ACA/ACCA after the accountant’s name to confirm if they’re qualified.
If you’re looking for a specialist limited company accounting firm, your search ends here. SQK Accountancy provides accountancy for limited companies in Manchester. Contact us today for reliable limited company accounting services.