17 Mar The big questions startups should always ask a new accountancy firm
Maybe you have just realised you need an accountant. Or maybe your current accountancy firm isn’t delivering.
Either way, when you’re a startup business it is essential to ensure you are working with the right accountants. You need to know that the people you are working with can offer your new business the attention and support it needs. The first few years are always essential to your success, and the quality of your accountancy firm can be the difference between whether your company sinks or swims.
Engaging with a prospective accountancy firm means you need to be ready to ask the right questions. There are going to be important questions you need answers to that will help you make the decision between the potential firms on your list. It’s not just about the qualifications and clients they currently have – you’re going to need to know that your start-up enterprise has the proper backing to succeed.
That’s why we have compiled a list of general questions that you should consider when approaching new accountancy firms. These questions will help define what these firms can offer your business, from VAT advice to payroll duties, and even managing your tax returns. Having these questions ready, and tailored to your business needs, should help you choose the right business.
The questions you must ask
What experience and qualifications do you have? Are you a chartered accountant? Are you regulated by a professional body?
How big is your firm? Will I be working with an individual accountant or will I have access to a team?
How many clients do you currently manage accounts for? How many of those clients operate a similar business to mine? Can they offer testimonials?
What are your fees? What services can I expect included in these fees and what additional charges may I be faced with?
Asking these questions will give you a good consensus of whether or not an accountancy firm suits your business.
If you’re looking for a team that will answer these questions and more, contact us now. SQK Accountancy in Manchester is here to help you and your business today.