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How to find good accountants in Liverpool

There are many reasons why business owners and the self-employed need the services of an accountant. They can lessen tax liability, help improve cash flow, help write business plans, sort out the new Making Tax Digital requirements and much more. So, how do you find good accountants in Liverpool?

Location

You may prefer to have an accountant based in Liverpool. Although communication between you and your accountant can be done through phone, letters and email, sometimes it is beneficial to meet face to face, which makes finding a local accountant important.

Qualifications

Chartered accountants are highly qualified professionals who have completed a degree level training and are subject to professional standard requirements.

You could save money by using a bookkeeper, but they will not have the breadth of financial knowledge of an accountant. If you want your company to grow, you will need the expert advice of an accountant. You may want detailed business plans with sales forecasts in order to get a loan or investment, or need to purchase new premises and equipment. These are many financial decisions to make when running a successful company. An accountant can help you make informed financial decisions.

Relevant experience

It is useful to use an accountant that has knowledge of your business sector. For example medical companies, doctors and dentists need an accountant who is familiar with NHS pensions and other financial issues in the health sector.

If you own a large company, you need an accountant who has experience with large company finances.

You can ask an account for a list of their clients to confirm that they have experience relevant to your business.

Recommendations

You can talk to business contacts and other business owners about which accountant they use and recommend.

At networking events, ask fellow business owners about the accountants in Liverpool they recommend.

Social

Ask your LinkedIn and Facebook connections about who they use. Many accountants have social media accounts, so check them out to get a sense of what they are like.

Face-to-face

When you have found what appears to be a good accountant, arrange a meeting to talk to them in person. Your relationship with your accountant can be a long one, so it helps to hire one that you get along with. At a face-to-face meeting you can establish if the accountant understands your business and its financial structure.

Fees

All accountants in Liverpool charge fees, some more than others, so don’t necessarily go for the cheapest accountant you can find. It is worth paying extra for a better accountant, especially if they can save you tax payments, and improve the financial stability of your business. The extra money you pay a top accountant can be recouped in the money they can save and the extra profits they can help you generate.

The are many accountants in Liverpool, and that’s not surprising when as a metropolitan area, it has a population in excess of two million. It is important to choose the best one for you and your business.

Posted by Peter
March 11, 2019
Accountants

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