Hiring An Online Accountant Checklist

Gary Green
Gary Green
May 15, 2020

Hiring an online accountant is a big deal for your business. In today's post, we provide a handy checklist to work through before you make your decision.

When it comes to hiring an online accountant, there are a few things you must make sure you do. Our previous article How To Choose An Online Accountant For Your Business ran through the process in detail. Today, we'll give you the 10 questions to ask yourself before you hire a new accountant.

If you’d like some more information about all the changes that might have affected your business so far, check out our Coronavirus Tips. And be sure to visit our Coronavirus Update page.

1. Do you know what you want?

What do you plan to keep doing yourself? What do you need help with? Which tasks cost you a lot of time in the business? Is there anything you CAN'T do?

2. Is the accountant chartered?

Have you checked? Which professional body is he/she chartered by (ICAEW, ACCA etc)? Have you seen a certificate?

3. Have you seen any reviews?

Have you seen a case study? Are you able to read a review or testimonial? Tip - look for reviews on contractor websites.

4. Does the firm have a blog or article archive?

Good online accountants will have lots of free tips, advice and information on their website.

5. Are you clear on the fees?

Will you be paying hourly, monthly or by completed job? Are there any hidden fees? Will you have to pay extra every time you pick up the phone to ask a question?

6. Do you trust them?

Follow your gut. Are they easy to get hold of on the phone? Do they take the time to listen to you before trying to sell to you? Do they have a professional website and a registered address?

7. Has the accountant worked with a business like yours before?

Small businesses need accountants who specialise in the finance and tax affairs of small businesses! Can they help with obtaining funding (EIS, SEIS, R&D etc)?

8. Have they ever worked with your accounting software?

If you use (or plan to use) Xero, are they a Xero Partner? Are they data savvy? Do they understand cloud accounting? Do they practice good cyber security?

9. Are they on social media?

If the accountant or firm doesn't have a social media presence, it's a red flag! They should be visible (photos), professional and engaging. Tip - when was the last time they posted/tweeted anything?

10. Have you asked about reporting?

How often will they send you reports? Will they only contact you if they need something? How hands on do you want to be?

If you've worked through this checklist and are still interested in working with us, please get in touch! We would be happy to have a free, no obligation chat to answer any questions you might have.

Interested in our services?
Fill in your details and a member of our experienced team will be in touch shortly to discuss your needs.
Contact Form Demo (#1)
We adhere to strict GDPR rules and do not reveal or sell your data to any third-parties. For more, please read our Privacy Policy.
Latest Insights
June 13, 2024
Credit Card Sales Campaign

Originally set up in 2014, HMRC’s Credit Card Sales Campaign was aimed at individuals and businesses...

June 6, 2024
Advice Regarding Tax Litigation

The term “litigation” is used to refer to a tax dispute’s resolution when a statutory appeal...

May 30, 2024
Let Property Campaign

HMRC has looked closely into tax compliance among UK property investors and UK landlords since 2013...

May 23, 2024
What Is A Residence & Domicile Enquiry?

Questions regarding domicile and residence have significant effects on taxes that are payable and due in...

May 16, 2024
Company Tax Investigations By HMRC

If HMRC decides to carry out an investigation into a company’s tax returns, it is important...

May 9, 2024
A Guide To The WDF (Worldwide Disclosure Facility)

More than a hundred countries around the world have made a commitment to exchange information with...

May 2, 2024
Contractual Disclosure Facility And HMRC COP9

Any tax investigation that HMRC carries out can be regarded as serious. However, if you become...

April 25, 2024
A Guide To Managed Service Companies, Personal Services Companies And IR35

Usually, people work as either a self-employed individual or an employee for a business. Nevertheless, there...

April 18, 2024
Criminal Tax Investigations

It is HMRC’s aim to ensure that taxpayers comply with the regulations and law, but HMRC...

View Our latest insights »
Get the latest UK tax & business news and guidance delivered straight to your inbox
Newsletter Form (#2)
We care about the protection of your data. No spam. Unsubscribe anytime.
Copyright © 2022 Key Business Consultants LLP. Reg: E&W OC389322
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram