Whenever a contractor is looking for an accountant to manage their finances, the usual process is to evaluate the ones already working with their friends/associates etc. it makes sense too, as you may get some valuable advice from your contacts about the pros and cons of hiring a particular accountant. But what are the main factors that you should be looking for in a reliable accountancy firm? How do you know what is the best you could be getting for your money? Let’s have a look at the essential features that all the best accountants for contractors have in common:
Dedicated resources: with top companies, you will not find yourself clamoring for a person to talk to when you are in desperate need of help. Rather, they will have a person solely dedicated to your needs and ready to assist you whenever you need them. They will be completely up to date on all you financial complexities and account situation, which will save you even more time when explaining your requirements/ problems.
24/7 Support: When setting up your own business, you’ll often be working nights and not caring much what time it is. That means you could need financial advice or assistance in a technical issue any time. You need your accountant to be there for you that time. Specialist contractor accountants understand that and make it a point to be available round the clock.
Certified accountants: Every single one of the staff at any accountancy firm worth its salt will have proper certification. One time clearing of tests and exams does not mean an accountant is eligible for life. Regular exams are a must for accountants in order to keep up with all the latest techniques and government regulations. So, if you are considering a firm, make sure to check out their qualifications and make sure they are what they claim to be.