Posted: 14. November 2019 by: Rupert Tennant

What to Look for in an Accountant

An accountant is one of the most important employees you can hire. Their work will end up saving you quite a lot of time and money. At the same time, they know the tax code better than you would and thus allow you to pay less tax legally.

It’s therefore important to hire an accountant with care and by knowing what kind qualities you’re looking for in them. It’s obviously a matter that depends on what kind of work you do and what you need the accountant for, but these are the most common qualities to focus on.

General-purpose or expert

The first thing to look for in an accountant is expertise. There are two ways to approach this. You could look for a general-purpose accountant that will do all the tax-related tasks, or you could look for an expert that will do one particular task only.

The general purpose accountant is more common and less costly. However, there might be a case when they aren’t that equipped to help out and when you need a professional to deal with it.

Being expressive

It’s important that you’re able to understand your accountant. There is a lot of jargon and professional secrets in the job, and that can be overwhelming for someone who’s going into it from the outside. At the same time, it can mean that a person you’re hiring knows the job, and that can be overwhelming for someone who’s going into it from the outside. At the same time, it can mean that a person you’re hiring knows the job.

It’s therefore useful to have a sit down with your future accountant and to be sure that they are expressive and that you understand what they are talking about when it comes to the job.

Risk tolerance

There are risks in running any business. That’s something that you need to plan for as a business owner, and if you don’t plan it right, you may be in trouble in regards to your obligations. The accountant needs to be on the same page as you are in regards to this risk.

That way, you’ll know when you can go into a risky investment and make sure that your obligations, especially the ones towards the government, are covered.

A team

 A lot of the work done by accountants is about keeping track of the records that you need to give to the government. These are mostly about how much you earn and what are your expenses that are related to running the business. This requires the accountant to have a team for doing that in an orderly manner.

When you hire an accountant, you also need to consider the team you’re hiring with them since they are equally important for the job as the accountant themselves.  This means that the process requires you to try the team out before you hire them.

The certificates

There are certificates that the accountant needs to get before they are able to do the work. It’s important that you ask for a proof of this certificate from the accountant before you hire them. There are a few reasons for it. First of all, you need to make sure that they are legally allowed to work, but there’s more to it than that.

Secondly, it’s proof that they have gone through the government required training and that they know how to do the job and use the software assigned by HMRC. It means that you, as a business owner, could let go of that part of the work.

A person you can trust

In the end, it’s a very important job, and it’s a job that very much affects the finances of a business. Therefore it needs to be done by someone who can be trusted. It’s not only about them being trusted with the job and as a professional.

It’s not easy to find someone you trust as a person, and it’s especially not easy when you need to find them fast. That’s why probation periods are an important part of hiring, and you should use them.

Conclusion

The accountant needs to be chosen with care. They are the one that can affect your finances and cut down on your costs in the long run. That’s why they need to be chosen based on their qualifications but also about their personal qualities. It’s also useful to have a probation period and to work with them a bit before you hire them.

You’re also hiring a team that comes with the accountants, and that’s responsible for keeping track of the records and sending them to HMRC on time. It’s also important to know do you want to hire an expert or a general-purpose accountant.