There are a wide range of personal or business related financial problems you may encounter throughout life that are beyond your expertise. Topics such as tax investigation, tax and statutory compliance, personal or company tax planning, audits, general accounting, tax solutions and more. These matters can be complex, time communing and difficult to deal with without expert financial knowledge. 

It is often helpful to see the advice of an accountant in such matters but how do you know you have chosen a reliable source?

Tips and Advice for choosing the right Accountant and Getting Advice:

• If you are planning a business proceeding or transaction then be sure to speak to an accountant early on. If you are planning any serious business proceedings it is not a good idea to wait until the first year has passed to discover a few different tips and techniques that you could have used to help save your business some money

• Speaking with an accountant will be beneficial to start with as they can help assess and advise whether or not you should start up as a limited company, partnership, or launch operations as a sole trader.

• You may also acquire business financial help when it comes to start-up capital to launch your business. An accountant may be able to offer advice and offer help with a business plan to help suggest tax effective ways of backing your business.

• A lot of the advice that an accountant will be able to offer you will depend on the sector and nature in which your business operates in, as there are different rules and regulations depending on the type of business that you're operating. This alone is means that an accountant is needed as there can be tricky unfamiliar details that you will require expertise help on in order to succeed.

• If you are aware of any discrepancies with your personal finances it is also not a good idea to wait before seeking help from an accountant.

• Before seeking financial help always verify that the accountant or accountancy firm is legit and credible. Research the accountant’s license, certifications, affiliations and accreditations and review their client testimonials and feedback ratings. 

• Meet up with your accountant first is a good decision as you can use your own instincts/ It is important that you feel comfortable and are able to easily communicate your needs to your chosen accountant. 

• You need to consider whether to hire an accountant that works alone or for a company. An accountant that works for a company generally deploys the work around the team to speed things up.

• Do not be misled by fees because a higher charge does not necessarily make them a better accountant, however somebody that has a lot of experience in the accountancy field may charge more due to their knowledge.

Salisburys Accountants Hale and North Wales are a highly experienced firm with a great reputation for client service. They cover the regions of Hale, Bowdon, Altrincham and North Wales. They specialise in both personal and business finances.