Thursday - Sep 21, 2017

What To Expect From Your Accountant


You’ve shopped in the exclusive boutiques, dined in the elegant restaurants, and attended the theatre in central London but did you know that one of the most valuable assets for your company can be found in this very popular location? If you can hire an outstanding accountant to advise you about your organisation’s financial matters, you can save a great deal of money, be prepared well in advance for required reports and statements, and learn some valuable tips about saving money. Your company will have specific needs, so it’s going to be a good idea to make a list of expectations for your accountant; as you discuss the various issues with him, be sure to make notes so that you can review them later and come to a confident decision about hiring him. Let’s take a look at some of the things that you will expect from the accountant that you hire for your company.

  • You should expect your accountant to be able to do the work you need him to do in an accurate, professional, and timely manner. Make sure that he is proficient in doing statutory accounts, VAT, PAYE, and all of the corporation taxes for which you are responsible. He should be able to handle all of your compliance work that includes working with your company accounts and tax returns in the proper formats. He should meet all deadlines so that you will avoid fines, penalties, and fees for late submission.
  • You will want to provide your accountant with the sensitive data that is relevant to the work that he will be doing for you; this means that you must trust him and that he should be committed to honesty and integrity in his work ethic. Establish a preferred method for communicating and keep him informed of any changes made in the business operations of your company; it’s imperative that you partner with one of the professional accountants central London offers that can discuss matters with you in language that is easily understood and that he can explain complex issues to you with ease. You may want to contact one of the GSM Accountants to ascertain his level of ability and to see if he offers the services that you need for your company.
  • From time to time as a business owner, you will have questions and require clarification to ensure you are in compliance with new rules and regulations in London. It will be very valuable and convenient to have a professional ready to assist you with your queries and concerns. Make sure that you develop a good working relationship with this expert since you will be working closely together on some very important issues that impact your company and its bottom line.

Letting your accountant know up front what your expectations of him are can pave the way to a successful liaison between you and this professional. You can reap rewards from his knowledge base, his expertise, and his skills and talents for dealing with financial issues for your company.