Our last article on the Knowledge Hub explored the differences between how a bookkeeper, like Tradermate, works with your business and how an accountant does. If you’re still looking for a bookkeeper, then look no further… Talk to us. And if you need to find an accountant, then read on. This article shares our top five tips to help tradespeople choose an accountant.
Five top tips to help tradespeople choose an accountant.
1: Ask your mates:
Whatever trade you’re in, we bet you’ve received plenty of client referrals because your fellow tradespeople say you’re great at what you do. Similarly, you need an accountant who comes highly recommended. So, ask around and see who similar tradespeople that you meet on-site use. A personal recommendation is always a good place to start.
2: Choose someone that’s easy to chat to:
At the end of the day, business is a whole lot easier when you do it with someone you like. So, before you sign up for services, make sure you get on with the accountant. You should feel comfortable asking questions, and they should make time to explain things you’re unsure about. You deserve an accountant who values you as a client.
3: They should ‘get’ your business:
While not essential, finding an accountant with experience in your industry is always a bonus. You may find they can offer tailored solutions for your trade’s unique challenges and opportunities. They are often better equipped to offer advice and strategies that align with the specific needs of your business.
4: Check they have the credentials:
As an electrician, your customers expect you to have NICEIC registration. As a gas engineer, you’ll know the importance of being on the Gas Safe Register.
It’s a little-known fact that anybody can trade as a bookkeeper or an accountant without being qualified, which is quite frightening. So, before you employ an accountant, ensure they have the right qualifications and are affiliated with their governing body. This will give you peace of mind that you’re dealing with a professional. And, if you’re unhappy with the service you receive, it gives you a clear reporting process.
5: Insurance for assurance:
Whoever you choose to work with, check they have the right level of professional indemnity insurance. This insurance not only shows a level of professional accountability but also provides you with a financial compensation safety net if the worst happens.
We hope you’ve found our five top tips to help tradespeople choose an accountant useful. We are always happy to liaise with our client’s chosen accountants to ensure the financial tasks in your business run smoothly, leaving you to concentrate on the work you’re good at!