{"id":4445,"date":"2021-09-09T16:19:24","date_gmt":"2021-09-09T15:19:24","guid":{"rendered":"https:\/\/www.langricks.com\/?p=4445"},"modified":"2021-10-18T09:34:11","modified_gmt":"2021-10-18T08:34:11","slug":"how-to-get-the-most-out-of-your-accountant","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/langricks\/how-to-get-the-most-out-of-your-accountant\/","title":{"rendered":"How to get the most out of your accountant\u00a0"},"content":{"rendered":"

An accountant helps\u00a0an organisation\u00a0to stay in full control of its finances. Businesses that hire a good accountant can often benefit from a wide range of\u00a0accountancy\u00a0services, which can help to save money and reduce workload.<\/p>\n

Whether your accountant is carrying out tax compliance work or producing your\u00a0annual\u00a0accounts, being prepared will ensure they can carry out the tasks smoothly and efficiently and with little disruption to your business\u00a0and staff.<\/p>\n

We share some tips on how to get the most out of your accountant:<\/span><\/b>\u00a0<\/span><\/h3>\n
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Choose\u00a0the right accountant<\/span><\/b><\/a><\/h3>\n

When deciding on an accountant, it\u2019s important to choose one that is right for you and a good fit for your business.\u00a0The right accountant will work alongside you and understand the needs of your business.\u00a0They will tailor their services to meet your needs and ensure that you are getting the best service and value for your money.\u00a0<\/span>\u00a0<\/span><\/p>\n

Be clear about what you need<\/span><\/b>\u00a0<\/span><\/h3>\n

Make sure you give\u00a0them\u00a0clear guidance on what you\u2019re looking for. If you don\u2019t, you could end\u00a0up\u00a0getting a minimal service or paying for services that you don\u2019t need. It\u2019s important that you understand what\u00a0services\u00a0they can offer and what you need from them.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Understand what you\u2019re paying for<\/span><\/b>\u00a0<\/span><\/h3>\n

It\u2019s important to understand what\u00a0is included in the fees that you are paying your accountant and what services you are getting.\u00a0For example, how much tax planning is done? Are VAT returns included?\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

If you are keen to keep costs down, be sure to ask\u00a0them\u00a0for advice on how this could be done. The more you get\u00a0an\u00a0accountant to do, the higher your fees will be,\u00a0but they should be able to save your money,\u00a0so\u00a0make sure you are clear\u00a0about what you want and need.\u00a0<\/span>\u00a0<\/span><\/p>\n

Keep records up to date<\/span><\/b>\u00a0<\/span><\/h3>\n

Setting up and maintaining your books in an organised manner will help an accountant to extract quickly and easily any information needed to prepare or audit your accounts.\u00a0This means recording all of your business transactions into a spreadsheet or accountancy system.\u00a0It also enables them to see at a glance the state of your business.\u00a0Your accountant will be able to offer advice on which system would work best to help manage your books.\u00a0<\/span>\u00a0<\/span><\/p>\n

Listen to their advice<\/span><\/b>\u00a0<\/span><\/h3>\n

Some accountants may work with a variety of industries and in certain sectors. If you are paying for their advice and expertise, be sure to listen and take it on board as they will have the knowledge and experience that will be useful to your business.\u00a0<\/span>\u00a0<\/span><\/p>\n

Stay in touch<\/span><\/b>\u00a0<\/span><\/h3>\n

Be sure to keep in touch with your accountant and keep them updated with any changes in your business that could affect their work. That could include changes to:<\/span>\u00a0<\/span><\/p>\n