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Running a small business involves juggling several tasks at once, which makes it especially easy for small startups to overlook their financial health. Hiring dedicated accountants will make a huge difference to their finances and growth if they employ the right ones.
Accounting services come with a fee, but their benefits do not equate to how much time and money the business can save as they become more compliant with HMRC and able to focus better on business operations. Read on how to find accountant in Manchester for small businesses or SMEs.
How to Find Accountant in Manchester UK
Here are some crucial considerations before hiring accountants in Manchester:
Chartered Qualification
Chartered accountants are highly qualified professionals, having completed rigorous training and education programs. They possess professional certifications such as ACCA (Association of Chartered Certified Accountants) or ACA (Association of Chartered Accountants). Being a member of ICAEW (Institute of Chartered Accountants in England & Wales) is a plus but not required.
To verify the credibility of a chartered accountant aside from certifications, businesses must ensure they have a good experience and track record and with various positive references and testimonials.
Industry-Specific
Small businesses should take into consideration whether the accountant understands the industry it operates in and the risks the sector faces. Choosing an accountant who understands their industry well and has intensive experience in serving small businesses ensures they get tailored advice and support.
Some practices specialise in certain industries or sectors, whilst others cater to a broader client base. Larger practices often have specialist teams focusing on specific sectors such as automotive or property.
Diverse Services
The accountant must be able to assist with various tasks, such as PAYE, VAT, payroll, personal and business tax, year-end accounts, and overall tax compliance. However, they must offer a diverse range of services, too, beyond basic bookkeeping and tax preparation.
Some small business accountants Manchester provides specialised services like helping clients raise finance through bank loans, peer lending, or crowdfunding. They may also offer auditing, investment business advice, business valuations, mergers and acquisition support, and more.
Office within Manchester
Whilst technology has made advisory accessible at fingertips, and location relatively unimportant, having an accountant within the local city is more advantageous. Manchester consultants have a better knowledge of the city’s specific challenges and recommend more council-specific support.
Establishing a good relationship with the accountant may also be necessary for more client-centric services, hence, better outcomes and productivity.
Where to Find
Several platforms can be trusted when it comes to finding top-notch accountants within a city. Aside from online directories and websites, small businesses may ask for referrals and recommendations from other firms, colleagues, or industry connections.
They may also browse the UK’s professional accounting bodies list, such as the ACCA or ICAEW. These associations provide a full list of their members and more information about each firm.
Transparent Fee
As much as possible, the small business must first determine the fees with the accounting firm. Preferably, they should be able to provide a breakdown of payments for each service, with no hidden or surprise fees, and flexible payment options tailored for the small business.
Why Legend Financial for Your Business’ Accounting
When it comes to years of experience and reputation, your search for how to find accountant in Manchester ends here, at Legend Financial. The firm has several offices throughout the UK, and one in Manchester. Google Legend Financial accountants and you will see a lot of positive reviews from our numerous satisfied clients, which reflect the quality of our services.
Unlike other accountancy firms that leave a client once they switch to serving larger businesses, we at Legend Financial focuses on small businesses, providing comprehensive support for their tax, accounting, business development, and financial management needs. Here, we keep that entrepreneurial spirit up. We help your business thrive. Reach us today!
