Four factors to think of when choosing an accountant

When you choose an accountant, Newcastle is an excellent place to live due to the number of accountants operating in the city. But choosing an accountant is not simply a matter of finding one who is located nearby. There are a number of factors you should consider before hiring your accountant, and here are the four most important.

1. Specialty: There are many different types of accountant, including management, Taxation, corporate recovery, forensic accountants and more besides. The first thing you need to do then is clarify the exact reason you are hiring an accountant. Newcastle has accountants of all specialties, so you should not have difficulty finding one who fits your specific requirements.

2. Qualifications: Without holding the right qualifications, you should be very wary of hiring an accountant. Newcastle accountants can belong to a number of professional bodies, including the Association of Chartered Certified Accountants and the Institute of Chartered Accountants amongst others, so if you want to reassure yourself that you are choosing the right company then make sure they hold some form of qualification.

3. References: It is always a good idea to ask for suitable references when you are choosing a new accountant. they should be happy to provide you with one or two references of previous or existing clients in a similar situation to yourself to demonstrate how they helped them with their financial issues. You should then ask the references questions such as how reliable the accountant is and whether they are good value, as this will help you to make your decision.

4. Contact:How much contact will you be expecting from your accountant? Newcastle residents looking for an accountant should consider this seriously, because all accountants are different. Some accountants will just contact you once a year to process your taxes, whereas others will stay in touch regularly with news and advice that might affect you and your business, so make sure you know what to expect.ConclusionChoosing an accountant is an important process. Newcastle has a lot of accountants working in the city, but not all of them will be right for you, so remember to look carefully and consider the above factors when making your decision.