Read the Tips Carefully for Choosing an Accountant for Limited Company

Are you going to set up a limited company? Well, you need to appoint an accountant as most of the limited company owners do. Although, they have an option of taking care of their accounts on their own, but they prefer to hire an accountant. Are you wondering that what is the reason behind this? The accountants are not only responsible to simply accumulate your accounts at the end of a year and submitting VAT returns. They perform several other tasks also that include:

•    Keep all the records in bookkeeping.
•    Handle all the company-related correspondence such as HMRC, company’s house, etc.
•    They offer advice on tax planning.
•    Register the company with different tax departments like PAYE, VAT, corporation tax and many others.
•    They provide suggestion on dividend administration.
•    They offer professional references.
•    They set up and run the company’s payroll and also follow all the new RTI rules. 

How to choose a right accountant for your company?

For this, you need to follow some tips:

Select a specialist:

It is important to look for an accountant who is highly qualified as with them, as you can only get your desired service. There are many specialist firms that have knowledgeable and experienced accountants for limited company who have worked across different market sectors. With the specialist accountants, you will find a package for a fixed monthly fee that includes corporation tax return, preparation of accounts, statutory affairs, payroll matters and telephone support.

Cost of the service:

It is advisable to pay attention to the service cost and after knowing this, compare it with others and especially from those who are marketed as cheaper. Remember one thing that there are various things in life for which firstly you need to pay and then you will get according to your requirement, while it is not possible with cheaper ones.

Size of the firm:

You need to decide whether you want to take service either from a small or large firm. With the large firm, most of the time the case is that you do not get support when required, so it’s better to go with the small firm. The reason is that with these, you will get the telephone support each time from the same person.

These are some of the points that you need to keep in mind while selecting the Accountants for Limited Company. If you are facing problem in searching an accountant, then you can take the recommendation from your colleagues or you can take the help of an internet where you will find the complete details of an accountant that you want to hire. So, what are you thinking? Just talk with your friends, relatives and colleagues and choose a firm with utmost care and attention as the accountants for your limited company are required for a long time. That’s why, it is necessary to look for a reputed firm.

Report this Page