Don’t undervalue your accountant by meeting up only once a year. Also, the right accountant should go above and beyond for you, understand your business completely and offer solid advice that you need to manage and grow your business.
What services should a good accountant offer?
A well-rounded accountant offers services that can address the current and future needs of your business, which can include but not limited to:
- Company secretary services
- Corporate tax planning and advice
- Accounting and bookkeeping
- Payroll services
- Cash flow forecast
- Short and long-term strategies
Essentially, you are looking for someone to take over the administrative work (like bookkeeping and PAYE) as well as someone who can help review your numbers and make sound recommendations so that your business has the best chance to succeed.
Every business is unique too. Perhaps you have just launched a start-up which is in need of funding, a contractor who struggles with IR35, a small business owner whose business is experiencing consistent growth, or you may be looking for an exit strategy – this is why our accountants are divided to teams that specialise in start-ups, contractors, small businesses and individuals respectively in Central and Greater London. Having expert knowledge in your area means we can provide relevant accounting and tax advice that help you manage and grow your business.
How do I check their qualifications?
While most people find their business accountant through word-of-mouth referrals, it is always worth checking if they are ICAEW (Institute of Chartered Accountants in England and Wales) accountants.
Guided by strict codes of conduct, ICAEW accountants uphold the highest standards of professional conduct and business ethics. At Tax Agility, we are ICAEW chartered accountants and we follow these principles:
- Professional competence and due care
- Professional behaviour
This means that as our client, you will receive honest answers from our knowledgeable accountants who keep abreast with the latest developments in practice, legislation and techniques. We also act diligently and respect confidentiality. With us working alongside you, you know you are in good hands.
Top key traits of a good accountant
- Knowledge and skills – A good accountant should be able to assist you in areas that you need.
- Listen to you – Only by understanding your situation first, then your accountant can come up with ideas that will make an impact to your business.
- Excellent communication skills – Having the ability to interpret data and convey the information in a meaningful way to you.
- Adaptable – Your needs evolve and how a good accountant assists you should evolve too.
- Honesty – A good accountant should provide honest answers, as well as excellent work without any hidden charges.
- Efficient – A good accountant will make sure that your financial records are managed efficiently, so you can concentrate in other aspects of your business.
At Tax Agility, our fees are transparent – most of our clients pay a fixed monthly fee with no hidden charges. In the event that you have additional projects that need our attention, we will discuss the work and cost with you upfront.
What can Tax Agility do?
Our accounting services include but not limited to:
- Annual compliance with Companies House
- Maintenance of statutory books
- Management accounts
- Accounts payable and receivable
- Cash flow
- Sales reporting
- Tax returns
- Tax planning
- VAT returns
- PAYE registration
- PAYE administration
We have offices in three locations – Putney, Cavendish Square (Central London) and Richmond.
For more information on our services, talk to us on 020 8108 0090 today or use our enquiry form to get in touch.
If you liked this post, you might also like:
- The complete guide to buying a small business
- Planning the future of your business
- 10 things to avoid when starting a business
This post is intended to provide information of general interest about current business/ accounting issues. It should not replace professional advice tailored to your specific circumstances.