Thursday, February 5, 2009

Finding the Right Accountant For Your Business By Michelle L Kirkbride

When you start up in business or turn towards self-employment, you're going to need to manage your own money and keep your books nice and clean. You may not have skills in accounting, but you'd better find someone who does -and fast.Accounting isn't just keeping track of income and expenses. By law, you must keep certain records on file. If you're not an expert at knowing which documents you need and how to file them properly, then you need someone to help you.Getting an accountant to help with your financials is a good idea anyways. Accountants can help you save money by providing advice on your expenditures, or they can give suggestions on maintaining or increasing your income. They can tell you when you're running into issues that need your attention, and they can maximize your business tax credits.Accountants train for years, too. They're experts with numbers and math, and they have the ability to help you keep more money in your business where it belongs. Sometimes, accountants can save businesses thousands of pounds each year. That's well worth the cost of their consultation and accounting services!Ignoring your record keeping is the fast track to business failure. You need to be on top of this aspect of your business, ending up with all the proper records at year's end. Neglect your records and books, and you face hefty fines or even the closing of your business. Is that what you always dreamed of? Of course not.Organizing your records and accounts according to an accountant's recommendations isn't a big deal. It's a habit that you'll quickly fall into, with every paper in its place and every penny accounted for properly. At a glance, you'll be able to see the health and vitality of your business - or notice impending trouble so that you can attend to the situation before you have problems.Choose an accountant that makes you feel comfortable. This person is going to be taking a close look at your financial information and working with you to maximize your company's income. That means you need a strong bond of trust and a sense that this person is the right person for the job. Your accountant should have the best interests of your business at heart.Hire a professional. Plenty of people dabble in accounting, but they can sometimes do more damage than good or miss cashing in on a big tax credit. Ask other business owners whom they recommend or call associations that can point you towards an accountant with a good reputation. The ACCA or CIMA are two good places to contact.Shop around. Call a few people that you feel might be good accountants for your business to get a sense of their expertise, professionalism and personality. Ask about credentials, experience and past history, too. Ask about the type of services offered and see if one accountant doesn't offer more than the next.Ask questions - lots of them. Where your money is concerned, there are no silly questions, so don't be shy. Make sure that you get clear answers that satisfy you, too. If the accountant doesn't answer questions clearly or seems dodgy, don't hire that person.Also make sure your accountant is discreet. If the person you're talking to discusses other business owner financials or the affairs of people, then they'll chat about your money matters to others, too.Find out who you'll be dealing with. Will you be talking to the accountant directly or will you have to deal with staff when you call in with questions? Is the staff knowledgeable and friendly? Can they provide real help in a pinch or are they only there to field calls and take messages.Speaking of messages, ask about how long you'll have to wait to get answers or help when you need it. You may want to know about business hours, too, and if it is possible to schedule meetings when you have issues to deal with or when a quick phone call isn't going to be enough.Lastly, don't be afraid to question rates. Don't shop for your accountant by price. Always shop by quality of services and information first and shop by price second. Remember, the person you'll be dealing with needs to be someone who can help you and your business, and that person should be someone that you can feel good about, no matter what the cost.Online business is growing rapidly but there is still such a large number of businesses missing out on this opportunity. Kaplang is a unique design firm that provides quality services for web design, web development, search engine optimization and all other web solutions. Make sure your business stands out from the crowd when adding an online presence to your new or existing business. http://www.kaplang.comArticle Source: http://EzineArticles.com/?expert=Michelle_L_Kirkbride

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