09 Feb How To Get The Most From Your Accountant
The best accountants add value to your business, all for an affordable cost that you can control
A Growing business rapidly finds they need the services of an accountant to help them manage the finances of their business.
But which services are actually essential to business growth?
How should you pay for them? And how do you make sure you’re getting good value for money?
Here’s some top tips for getting the most from Stafford Accounting while managing the cost of our service.
- Use Fixed Fees
Agree on a fixed fee for your accountant’s services, rather than paying by the hour. This will enable you to plan ahead for the cost of the work and to control costs. Our fixed fee agreement will come with clear detail on what you’ll get in return for your money, but you’ll also have the option of commissioning additional work should it prove necessary.
- Be realistic about your budget
While it’s important to keep a tight rein on all costs, accountancy fees included, review your budget on a regular basis. Over time, the work you require from your accountant will change – you may need additional, more wide-ranging services, as your business grow. At Stafford Accounting we adapt our services to best suit your individual needs, so that your business is the best It can be.
- Timing is crucial
The frequency of the work your accountant produces can make as much difference as the work itself. If interactions with your accountant are limited, then getting timely analysis of trading and business may not be attainable. That is why here at Stafford Accounting we understand the importance of timing and understand the need for frequent communication.
- Relationships matter
It’s your accountant’s responsibility to make an important contribution to your business’s growth, but if you don’t trust them, or feel comfortable talking frankly and openly with them, you won’t be able to take full advantage. An accountant should be a trusted business partner who can provide constructive support as you run your business. If that’s not an accurate description of your relationship, it’s time to ask why.
Stafford Accounting- your business adviser, accountant and bookkeeper all rolled into one. Get ready for real advice not just accountancy