How to Choose the Right Accountant in the UK

As a small business owner in the UK, I know how important it is to keep the right records so that when the tax season comes,  all important information is in place. The last thing anyone would want to deal with is looking for receipts or invoices days before the tax returns are due. That would just lead to more confusion, delays and eventually fines. I would always advise any small business owner in the UK to choose the right accountant to help them deal with the tax returns. This will free up time for business owners to work on other parts of the business and allow the qualified accountants to do their job.

If you are wondering how to choose the right accountant for your business needs, here are some quick tips for you:

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Hire a qualified accountant

There are so many people out there masquerading as accountants but they have no qualifications. When you are looking to hire an account for your business, ensure the accountant you pick is qualified to practise in your country. That way, you are certain they know what they are doing and your books are in safe hands. Nathomi Accounting is a good option if you are on the lookout for qualified accountants in the UK as it is an organisation run by a qualified ACCA accountant that looks after Individuals and Small and Medium Enterprises (SMEs) in all sectors. When it comes to checking accreditations, look up professional accountancy bodies, such as ACCA and ACA.

Choose an accountant you can communicate with easily

When you are looking out for the right accountant, opt for one you can communicate with easily. The last thing you would want to deal with is to find yourself chasing your accountant days before your tax is due. The right person for the job should be approachable, available and easy to talk.

Get referrals

If you have friends and family members who have their own business, ask them who their accountant is and if they are happy with the service they are receiving. Before I try out a new product or service I usually look around to see if I could get a referral to a particular business. Never underestimate the power of referrals especially when it comes to online businesses. It saves money and time.

Do your research

I always advise anyone trying out a new product or service to do their own research before they commit. There are loads of options out there, so narrow your research based on your business needs and check the options you are considering before you decide on the accountant to go for. Also ensure you are able to afford the fees involved and that there are no surprises in store. The last thing any business owner wants to see is an unexpected bill in the post.

So there you have them, my tips for choosing the right accountant for your business needs. What do you think of these tips? Please share your views with me in the comments section. Thanks for stopping by. Have a good one.

 

 

 

How to Help Your Business Succeed

*Collaborative post.

There’s no such thing as guaranteed success in the business world. There are simply too many variables at play — even companies that looked, on paper, to be excellent ideas turned into a failure for reasons that are difficult to pinpoint. However, while you can’t guarantee your success, you can increase your chances of being successful. It’s all about increasing your advantages, which will weigh the odds in your favour. In this blog, we’ll look at some useful tips that’ll help you to do just that. 

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Hire Trustworthy Employees

You’re the person that’ll have the biggest impact on the success of your company. But your staff won’t be too far behind. If you have subpar employees, then you can’t be too surprised if you get subpar results. On the other hand, if you can develop a hiring process that pushes the best employees in your direction, then the future of your business will look brighter. Of course, it’s not enough to just hire good employees; you’ll need to create a working environment that allows them to produce their best work. If you’re guilty of micromanaging, learn how to stop; you’ll find that their output is much better when they’re allowed to just get on with things.

Get the Tools

There are many, many tools and resources that companies can use to improve their operations and produce better work. But you won’t get those advantages if you don’t have those tools within your organisation. It’s a good idea to periodically look at the tools that other companies in your industry rely on and then work on bringing them into your operations. Whether it’s hardware, software, or tools that allow employees to collaborate and work remotely, they’ll have an impact on your business.  

Outsider Help

You can’t do everything at your business, and not only that, but you shouldn’t do everything at your business. There are some things that are too complex or too time-consuming to be taken care of in-house. On the complex side of things are your legal, accounting, and marketing tasks; it would be better to hire Beyond Law Group Solicitors to manage the legal side of things rather than doing it yourself. A good accounting firm can ensure that your money is well-managed, while a marketing agency will help to spread the word about your company, helping you to bring in most customers. 

Take Care Of Yourself

Finally, remember to take care of yourself. You’ll want your business to succeed, but if you push yourself too far, then you could accidentally end up causing more harm to your business because your output wouldn’t be as efficient as it would be if you felt good. If you’re exercising, meditating, eating well, and having set cut-off hours, then you’ll always have the energy you need to deliver your best work. We said earlier how you’re the most important person at your business, and it’s true — treat yourself as the star player that needs to be taken care of, and results will come. 





Five Accounting Packages for Small Businesses

As a business owner, I am always looking for new and effective ways to run my business better. It takes a lot to be a successful business owner. I have been a business owner in the UK for about 10 years now and it is still a learning process. Prior to running my business here, I had a retail business in Africa and I know that as a business owner you have to wear many hats and be a Jack of all Trades just to get things done properly. Accounting packages are some of the things you have to pay close attention to as they offer small and scalable business solutions which can help your small business grow massively. However, there are loads of accounting software for small businesses to choose from, and this can be daunting for new business owners.

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If you are after accounting packages for small businesses, you are reading the right post, here are the best accounting packages for small businesses:

Five Accounting Packages for Small Businesses

XERO

This accounting package is great for business reporting. It is very user-friendly with a bright customisable online dashboard and simple design. If you are a visual person like me, you would love XERO because it gives you a bright overview of your books, comes with various add-ons to make your business reporting a lot easier and quicker, and is quite affordable with a Starter plan at £12 per month.

QuickBooks

This is another popular accounting package with over 4 million businesses all over the world. If you are a business owner, it is likely you have already heard of or used QuickBooks, and it is easy to see how QuickBooks are so popular. The accounting software has loads of features to help self-employed people and businesses. Their packages are quite affordable with prices starting from as little as £8 a month for self-employed people, and £12 for a single-user business owner.

SAGE

This accounting software has amazing customer service with 24/7 support. If you think you would need more help setting up your software, SAGE is the one you need. Their most basic plan starts from £12 per month and goes up to £30 a month for bigger businesses. You can also add £7 a month for payroll.

FreeAgent

FreeAgent is a great accounting software for small businesses because it provides flexibility. It removes limits on projects, clients, features, and users. Also, it has award-winning customer service. The prices start from £19 per month for sole traders and go up to £24 per month for limited companies.

FreshBooks

If you are after the easiest software to use, FreshBooks is the one you need. It is a great accounting packaging for small businesses and it is super easy to use. You won’t even need a dummy’s guide to create invoices or enter payments on this accounting software. Plus, it is also affordable with prices starting from £11 a month for a Lite plan, which is pretty much a basic plan, and £30 per month for the Premium plan.

All prices quoted are correct at the time of writing and are excluding VAT.

Have you used any of these accounting packages? Please share your experiences in the comments section.

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