When it comes to managing your finances and taxes, it is important to find the right accountant for your own specific needs and circumstances. Whilst there are many accountants in operation these days, it is not always easy to work out which one to go for. In fact it is often not even easy to determine whether you need an accountant at all!
The first thing you need to work out when it comes to finding an accountant is whether you will really benefit from having an accountant. Of course, if your taxes are quite difficult to manage or you feel that you could ultimately save yourself time, money and stress by having an expert on hand, then it is always worth considering having an accountant. You can always stop the arrangement if you later believe that you can manage without one. If your taxes are really straightforward, as they often are for self employed individuals who work from home and have few business expenses, they you may want to try going it alone to see how you get on.
It is tempting for those who decide that they do need an accountant to simply opt for an accountant who is located near to them geographically. This may offer increased convenience but it is not necessarily the right move, as accountants can specialize in different areas of accountancy and the one that is situated close to you may not be in the right specialist field for your needs.
There are a number of things that you need to take into consideration in order to try and find the best accountant. This includes:
The area that the accountant specialises in: It is important to look at the areas in which an accountant specialises before you determine whether he or she is right for your needs. This is because the more expertise your accountant has in an area that is relevant to you, the more he or she will be able to help you
The cost for services: The amounts that accountants charge can vary from one to another, so you should always look into how much the accountant you are considering is going to charge and how the payment structure works (e.g. is it an hourly charge?)
Location: Whilst the location of your accountant should not be your foremost consideration, it is something that you should look at, as it could be difficult for you to go and see your accountant if he or she is located a long way away