The right accountant can minimize your tax bill and find ways to save you money throughout the year. But what makes a good accountant. It very much depends on what you want from them, but the following should give you some pointers:
BUSINESS
Corporations & Big Businesses
Today's business environment is fast moving, complex, and highly competitive. Business owners need the support of professionals who provide on- time, effective solutions to help their business move forward. A suitable Accountant should be able to offer you the following services as part of an overall package to meet your individual requirements: Accounts, Audit, Forensic Accounting, Business Development Advice, Business Taxation and Vat advice, Pension Scheme Management, Bookkeeping, Business Disposals and Acquisitions.
Small to Medium Businesses
Look for an accountant who has worked with businesses similar to yours. Ask for a profile of their existing client base – does this sound like your business? An accountant who performs wonders for a local plumber or builder may not work the same magic with your specialised clothing firm’s bottom line.
Tax focus
Your accountant should know tax law inside and out and keep up with frequent tax law changes so they can advise what action to take to minimize your liability.
Adding It Up
A human calculator won't help you much. You want an accountant who's willing to get to know your business and its particular needs — not someone who just completes forms, files your information away and forgets you. Hire someone you'll feel comfortable calling for advice at anytime and that will come and visit you as and when required.
PERSONAL
If you need to deal with any of the following, then you may save yourself a lot of time, money and worry by seeking the help of qualified accountant
- Self Employment & Partnerships
- High Personal Wealth
- Working as an Expatriate
- Investment Property other than your home
- Elderly Relatives with money concerns
- Trust & Pension Schemes
- Inheritance Tax
- Tax Rates & Personal Allowances
You need to find an Accountant that will offer a comprehensive service that covers the full spectrum of your personal requirements from simply relieving you from personal tax calculations through to developing and implementing a tailor-made financial planning schedule. |
