Accountants are responsible for creating and maintaining accurate records of business transactions and ensuring that the company has complied with tax laws. They are also responsible for preparing financial statements and advice on legal matters to help companies minimize their taxes. Bristol accountants work in various capacities, including auditing, accounting, managing finances, and advising businesses on legal matters such as taxation or bankruptcy filings.
Tips for hiring the best accountants in Bristol
- Set realistic expectations
The first step when hiring bristol accountants is establishing realistic expectations and goals. If a company needs help with bankruptcy, for example, an accountant’s focus will be on that issue and less on developing financial statements for the company’s shareholders. Understanding the user’s needs at this stage will help you more effectively manage your search and ultimately select a qualified professional.
- Consider specialization and certification
A state board licenses accountants to perform specific duties such as auditing, managing taxes, creating financial statements, and advising businesses on legal matters; however, they can specialize in a specific area based on their training or experience. For example, certified public accountants (CPAs) are trained to audit a company’s financial statements. Bristol accountants offering this certification are likely highly qualified, especially if they hold a degree in accounting or finance. Many other types of accountants can also be found in Bristol that offers specialized skills and credentials, including:
- Avoid fly-by-night operations
When seeking a Bristol accountant, always ensure the services offered are from a professional establishment that has been operating for some time. Hiring someone with little experience can lead to higher costs and an uncomfortable work environment, which could impact productivity and your bottom line.
- Consider the fees
Most accountants in Bristol are paid either by the hour or per job, with a minimum and maximum charge depending on the services offered. However, many professionals offer flat rate pricing, but this might not be as stable as you expect. For example, suppose a professor at a university is willing to teach students for free in exchange for their annual tuition fee. In that case, they could offer that service directly to you without charging you anything, but it’s unlikely that your accountant, who charges by the hour, will do so. Other accountants may charge per hour and then provide services for up to a certain number of hours.
- Get referrals from friends and family
If you already have a few accountants in Bristol that you feel comfortable with, ask them for recommendations. A referral is always the best place to start when looking for a professional. However, you should ask if they are familiar with their colleagues’ work and if they have worked directly with the company.
- Look for business growth or stability
The business environment can be tough on professionals even when everything is going well, so when hiring a Bristol accountant, look beyond their education and experience and consider how well-equipped they are to handle unexpected issues.
Conclusion
To hire the best Bristol accountants, ensure you understand exactly what services will be needed. Hire someone with extensive experience and an impressive track record. Also, look for a company that has been around for some time and still offers the same level of service.