What to look for when selecting a startup accountant for your new business
If you’ve finally taken the leap and started your own small business, you may be caught up in the whirlwind excitement of it all. With so many things to think about, it can be a struggle to ensure a smooth and streamlined process is put in place for your startup.
There are plenty of freelance accountants and agencies that offer simple and easy accounting for startups. Choosing the right startup accountant can be difficult as you need to find someone who completely understands the needs of your company.
Choosing the right accountant
The right accountant should not only take some weight off your shoulders but also help benefit your business. They should be able to help you reduce expensive taxes that may take a hit on your startup and advise you on making important financial decisions.
You’ll also want to consider whether the location is important to you and the running of your startup. With the new Making Tax Digital scheme being enforced, business and accountants are starting to deal solely with digital bookkeeping. This means there is no need for face to face meetings and eliminates the need to travel. This will also open up the pool of accountants you can choose from, as you won’t have to stick to your specific location.
How to find a good accountant
Hunting down the best accountant is also becoming increasingly easier. Many will be referred by friends, colleagues and family members, but search engines and directories are also crucial.
Some accountants may specialise in specific niches and industries, so ask around to see if anyone has any recommendations. You can also search on Google with keywords such as ‘(industry) accountants’ or ‘accountants in (location)’.
Make sure you arrange a call or meeting with your candidates to talk through your requirements prior to hiring them. Put together a list of questions that can help you determine whether they are a good fit for you and your business.
Choosing the right accountant for your startup is crucial, especially when you’re just starting to learn the ropes of owning your own company. Remember that your accountant is there to answer any financial or tax questions you may have and they are there to help you with anything you may not be able to get your head around.
If you are looking for the perfect startup accountant, why not drop us a message or give us a call? We can talk through your needs and see how we can work with you to make your finances stress free.