Professional accountants are one of the most important things you need when running a small business. Unfortunately, they’re usually in high demand and hard to find. There are even websites out there that will connect you with local small business accountants in London who meet your requirements, but what happens when you’re not quite sure what those requirements are? If you find yourself in this position, here’s how to find and hire small business accountants in London instantly – just follow these steps!
What Do You Want to Accomplish?
If you want to start a small business, there are many steps involved. The first is getting your books up to speed. While you may think that hiring an accountant right away would be ideal, there’s no need to rush into it just yet. There are a few things you can do yourself before bringing on a professional: set up your records; use accounting software like FreshBooks or Xero, and track expenses as you go along. If you are not familiar with that accounting software, then you can consult an accountant for help/advice.
Set your budget
You need to find that meet your specific needs. To make it easier on yourself, set a budget before beginning your search. Be realistic with your budget so you don’t waste time seeking out accountants that won’t fit within your spending range. Depending on how big or small your business is, expect to spend anywhere from $50 to $1000+ per month for professional services. There are some affordable options worth checking out at the accounting outsourcing company like Affinity Associates.
Look at The Hiring Process
If you’re looking to hire a new accountant for your small business, it can be time-consuming trying to find one. For starters, you may have to research their credentials before approaching them – but if you’re hiring remotely or don’t have any experience with accountants in your area, then how do you go about finding a reputable firm? A simple Google search will give you lists of companies that match your requirements, but what about reviews?
Decide on an Outsourcing Model
There are several models for outsourcing accounting work to an accountant, including a per-hour model, fixed-fee model, or equity stake. Decide which one is best for your situation, then narrow down your list of accountants to those who fit your preferences. For example, if you choose a per-hour model, you’ll need to find an accountant that charges between $100-$250/hr.
Get Free Help
Search online for small business accountants (or similar phrases), and you’ll discover many services are available to help small businesses with their accounting needs. Some of these service providers offer free consultations, so don’t be afraid to get in touch with a few that interest you.
Finalize & Enforce Standards
Establishing accounting standards for your small business is an important step for you to take. Failing to have proper accounting procedures could lead to a host of problems down the road. Avoid these potential pitfalls by getting professional accountants involved early on. By making sure that you meet their standards, they’ll be able to properly prepare your financial statements throughout each year. And when tax time rolls around, you’ll have all your records organized and ready for review.
Evaluate Their Performance
Instead of hiring one accountant for everything, look for accountants who specialize in different parts of your business. If you have a construction company, for example, you may want to find a CPA to handle your financials, a bookkeeper to manage your receipts and invoices on a day-to-day basis, and an attorney who can help with real estate transactions.
Small Business Accountants in London – Free Consultation Available
Well, if you are wondering how small business accountants in London can help you grow your business online, then it’s time to go for a free consultation call with an experienced professional at Affinity Associates.
Affinity Associates is a top-rated outsourced accounting company in London from where you can hire the best accountants and bookkeepers to manage your company’s finances. Whether you are a start-up, a small business, or an established organization in the UK, Affinity Associates can comfortably accommodate your business’s accounting and bookkeeping needs while staying affordable. Please review their pricing packages for your business here. Or call experts at +44-20-8903-2077. Let’s get connected over social networks – like us on LinkedIn and Facebook for daily updates.