How do you know you have a great Accountant ?
Category: Accountancy | Jun 9, 2019
How do I know if my accountant is doing a great job
Having been an accountant for over 20 years, David Rodick of Beans Accountants in Cheshire has heard all the accountant jokes before.
Beans aims to be a true partner to its clients, there are no men in grey suits counting money in a back room, just sound advice from people with a great deal of experience and knowledge, and we’re easy to chat to. After all, as with any area of business, when you employ an accountant, you’re employing a person, not just a skill set.
So, without further ado, David takes an irreverent look at how you can tell if your accountant really is as great as he tells you he is!
Q. How many accountants does it take to change a light-bulb?
A.How much money do you have?
At Beans, our main aim is to help you to make the most of your money, not take as much of it off you as possible. We have years of experience in all areas of accounting. And, although we don’t change light-bulbs, we have a clear and transparent set of packages and rates that will enable you to really choose what level of service you want from us at a price that’s affordable to you.
You should never choose an accountant who isn’t up-front and honest about their fees.
Q. What is the definition of a good accountant?
A. Someone who has a loophole named after him…
Mmm, perhaps. There are nefarious accountants out there who will leave you with alluringly small tax bills, and often saddle you with huge fines and back-taxes at a later date. As in life, so it is with tax planning: if it appears too good to be true, it probably is! But it is the job of a good accountant to ensure that you legally pay as little tax as possible. A good accountant will help you to take advantage of tax reliefs and give you lots of great tax tips throughout the year.
An accountant is someone who solves a problem you didn’t know you had in a way you don’t understand
At Beans we believe a good accountant will be much more than just the person who does your tax returns. A good accountant will help you to understand exactly what they are doing and why they’re doing it, rather than leaving you thinking they are some sort of deranged alchemist. A good accountant wants to help you turn your business into gold.
Be sure you know how qualified your accountant is, what experience they have and speak to some of their clients before choosing so you know your new accountant will go the extra mile for you.
Q. What happens when you lock a wild hyena and an accountant in a room?
A. The hyena stops laughing.
This would only be the case if the hyena hadn’t hired a very good accountant. In general, accountants, like other people, vary greatly in personalities. But one thing that every good accountant will have in common, is a wide and diverse professional network that they will often be very happy to get clients involved in at no expense. If the hyena’s accountant had given him this sort of help, he would still be laughing.
Make sure you make the most of what your accountant has to offer and you, too, will be laughing all the way to the bank.
Accountants love being given a bag full of receipts to sort through…
This one isn’t true. A lot of sole traders drop off bags of receipts – unsorted and mixed with all sorts of unrelated paperwork – for their accountant to sort through and enter onto a spreadsheet. Yes, it’s our job to deal with the accounting, but it really will save everyone time and money time if you file your receipts properly. Think about it: Why would you pay another person, and an expensive accountant at that, to do your basic administration? Also, a good filing system will make it more likely that your records are complete and that you have what you need to claim for all your costs. So help your accountant to help you and then he can spend more time to keep your taxes low.
Be wary if your accountant seems happy when you bring bag of receipts like this, it can often mean he charges an hourly rate.
Accountants know the cost of everything and the value of nothing, meaning accountants are people who cost everything and are worth nothing…
This one couldn’t be further from the truth. In addition to helping you with your taxes once a year (or more often, if you’ve found a really good accountant) a good accountant can offer you all kinds of different help with your money. Whether you want to start a business, manage your costs or plan for the future, a good accountant will have lots of experience in financial management to help you at each stag business..
In fact, at Beans we specialise in helping SMEs in every area of their business. Our directors have spent many years in the corporate world and will use their knowledge and expertise to help grow your profits. We may get a thrill from making debits and credits balance, but what really excites us is helping you get your finances in order and building a thriving business.
We’re proud of our holistic approach to business: We don’t only count your beans, we also help them grow. So if that doesn’t sound like your accountant then maybe it’s time to think about a change.
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