Choose the accountant who can help lead you on the path that you want to take - accountants from Farnborough - Penney's Accountancy
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Accountants are an integral part of a business. They can help you avoid costly mistakes and save you money in the long run. However, when choosing an accountant there are many factors to consider, so here is a quick guide on what to look for: 

When choosing an accountant for your business, are they qualified? Do they suit you on a personal level and can they achieve what you need from them to help your business grow? 

1. Experience 

You wouldn't trust your health to an unqualified doctor, so don't trust your business to an unqualified accountant. Make sure to check their qualifications and licensing. 
 
Are they qualified through one of the main accountancy bodies (the ACCA, ICAS or CIMA)? What is their specialty and what industry experience do they have? Whatever your specific requirements are, make sure that they have the experience and the kind of services that you need. (E.g. goal setting, tax planning or cash forecasting as well as compliance services). 
Make sure you choose an accountant that is qualified under one of the main licensed accountancy bodies - accountants in Farnborough - Penney's Accountancy

2. Fixed Fee Basis 

The next factor to consider when choosing an accountant is their billing rate or fee. Fixed fee accountants charge one price for their services no matter how much you communicate with them, whereas other accountants charge by the hour. 
 
For budgeting and cash flow purposes, it's far better to be on a fixed fee arrangement so that you don't end up being nickel and dimed for wanting to understand your finances. 

3. Accessibility & Proactiveness 

The most common complaint about accountants from small business owners is that they never hear from them until they need their accounts from them. This shouldn't be the case anymore! A great accountant is your financial advisor all year round. They are there to support you and your business through all the growing pains, not just at tax time. 
 
When choosing an accountant, check their accessibility (referrals and reference checks is a good way to see whether you're likely to get handed off to a junior accountant). It's also good practice to see how proactive they are (e.g. coming up with solutions, such as tax savings or business opportunities) all year round. 
Choose an accountant that will be there to help you not just for your taxation dates - Accountants in Farnborough

4. Personal Connection 

If you feel confident and comfortable with an accountant, that's a great sign that a strong relationship can be built. It's a sign that you will both get along, resulting in a win-win situation. 
 
You will be working closely with your accountant throughout the year, so make sure they understand the specific needs of your business; they know your motivations and aspirations, and they truly love what they do. If they tick all of these boxes, you can be sure that they'll make it their mission to help you succeed. 
Build a strong bond and connection with your accountant to build and help your business grow - accountants in Farnborough

An Accountant is a great Investment 

Regardless of whether you’re just entering the business world or you’re a fully-fledged entrepreneur who has been running your business for a while, you can benefit from the expertise and advice that an accountant brings. In fact, the earlier you partner with a great accountant, the better it is for you and your business. Just make sure to choose the right one. 
An accountant is an investment - be sure to pick one that is right for you - Penney's Accountancy, accountants in Farnborough

Call your friendly Farnborough Accountant today 

We are Specialist Accountants serving plumbers, builders, electricians and all other trades, providing business advice, compliance, bookkeeping, CIS, tax returns, payroll, VAT, management accounts and cash flow forecasting 
Or call us on 01252 856 150 

Book a half an hour discovery meeting with us - find out how we can help your business 

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