New Year, New Accountant

Happy new year!

“If you understand the benefits of changing, stop worrying about them and let Spectrum do what they do best.”

As 2021 ends and 2022 begins, many people are considering new years resolutions and fresh starts. Why not make one of your new years resolutions to switch to a new accountant?

Why change accountants?

A good accountant can save you time and help your business grow; a bad one could cost you much needed money.

Is your current accountant fulfilling all your needs?

If not, then it’s time to switch.

When making your choice when choosing a new accountant, there are some indicators you can use to check if this may be the right accountant for you.

Services

Does your current accountant explain to you the services they offer in simple terms?

Do they explain to you what the jargon they use means?

These are the questions you need to be asking yourself when considering if your current accountant is right for you/your business.

At Spectrum, we take time to get to know and understand you, your business, and your needs.

This ensures that we are able to help you with all your needs.

We are then able to offer practical advice and support.

We can guide you through the initial process of setting up your business and then work with you to achieve your business goals.

As well as this, we can explain to you what all the different accounting terms mean.

Our friendly staff can help you understand the accounting jargon by explaining it to you in an understandable way. 

Location

It used to be important to have your company’s accountant located nearby. But today, more companies are collaborating online, using cloud-based technology to manage their business – especially since the COVID-19 pandemic.

Spectrum work with industry standard software and cloud-based solutions, such as Sage, Xero, Quick Books and Dext.

However, familiarity with local trading conditions, business networking and other professionals is also a point to consider when selecting an accountant.

A good accountant should be able to refer you to:

• Banks
• IFA’s
• Mortgage Advisers
• Solicitors

Spectrum have extensive ties to the Bristol business community and will be able introduce you to the professional services that will help your business thrive.

This means that it doesn’t matter if you’re local to Bristol or from further afield – Spectrum can help you and your business.

Experience

Does your accountant have experience of dealing with other businesses like yours, particularly other businesses within your industry?

If you are a contractor or freelancer, for example, you will usually be better off talking to an accountant with experience dealing with similar situations.

You can check an accountant out by asking for testimonials from other clients and checking the accountant’s LinkedIn profile.

Spectrum have a wide-ranging client base.

This provides us with experience in many fields, and with a variety of company sizes.

Fees

Find out what fees your accountant will charge.

• Are they annual or monthly?
• How will extra work be charged for?

If work falls outside the agreed tasks to be performed for your business, you need to be clear about what you can expect to pay.

Spectrum’s fixed fee structure will usually cover all costs.

We will always be clear about any additional costs that arise in the course of our work.

If you’re still not sure whether to switch or not, here’s a testimonial from one of our clients TP Tele :

“We were concerned about the stress involved with changing both our accountants and accounting software part way through our financial year but Spectrum ensured us that the process would be seamless.  They audited our data and ran a test to ensure that everything would move across simply, and everything went as smoothly as they said. The new software is considerably easier to use and their service and support has been fantastic. If you understand the benefits of changing, stop worrying about them and let Spectrum do what they do best.” 

Conclusion

The decision about who to choose really comes down to what suits you and your company best. Depending on how you want to handle the finances. To talk about how Spectrum Accountancy can help get your business off the ground and make sense of your finances, get in touch.

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Categorised in: Accountancy Services, Business, Small Business

This post was written by Daisy Vowles