Tag: Find an accountant

Are you struggling to manage your cash flow? You are not alone. 

According to The Financial Challenges of UK Businesses, over half (55%) of UK SMEs have outstanding invoices. Consequently, this suggests potential cash flow issues and the need for financial guidance.

Finding a suitable accountant within your budget can become a headache. But what if there were hidden gems beyond the reach of your local chamber?

In this article, you will find some of the best ways to find the perfect small business accountant. An accountant who helps you avoid common mistakes with small business accounts UK.

1. Online Search

Look beyond traditional directories. Additionally, use social media tools, groups, and freelance platforms to find suitable accountants.

Social Media (Reviews & Feedback)

• Look for Facebook Groups or LinkedIn communities for local small businesses
• Visit business profiles like yours
• Find recommendations they share for accountants and pick the best one

Advertisement Platforms

• Target potential accountants on platforms like LinkedIn based on location.
• Filter out accountants with the required expertise and software they use
• Find accounting services that work with businesses like yours and.

Outsourcing Platforms

• Explore Upwork, PeoplePerHour, or Fiverr for freelance accounting services.
• It is the best way to find cost-effective options for occasional help with specific tasks.

Note: If you are tight on a budget, find an accountant just to fulfil your legal requirements.

2. Referrals: Ask People Around You (Expand Network)

Your professional network can help you expand your network. Therefore, consider referrals from:

• Mortgage Advisors: They deal with financial documents and can recommend small business accountants.

• Solicitors: Since they handle property transactions, they have connections with experienced accountants.

• Brokers: Brokers can recommend accountants familiar with your financial needs. 
• Financial Advisors: With a holistic view of finances, they know accountants who can organise your financial plan.

3. Find Accountant Through Professional Industry Bodies

You can find certified accountants through professional organisations. Moreover, these accountants have the knowledge and experience to guide your business.

• Membership signifies a commitment to ongoing skill development.
• Complaint procedures and professional indemnity insurance offer additional peace of mind.

Visit professional accountancy bodies. Also, search through membership list and find a suitable accountant for your small business.

1. ICAEW
2. ICAS
3. ACCA
4. IFA

4. Finance & Accounting Publications

Without a doubt, finance magazines and accounting news are a treasure trove for finding qualified accountants. Additionally, look for newsletters from CIMA or ACCA. These publications often:

• Feature articles written by or showcasing qualified accountants.
• Offer insights from accountants with specialised knowledge.

Also, general financial publications like “Financial Times” are very informative. But for a more targeted search, consider industry-specific publications like:

• ACCA Advance e-magazine
• ICAEW Accountancy Magazine
• CIPFA Public Finance Magazine
• Tax Journal (for UK tax law and practice)
• Accountancy Age

5. Leverage Events & Conferences 

Attend industry-specific seminars and conferences on accounting, finance, or business management.

Furthermore, these events offer opportunities to network with professionals, gain insights from experts.

• Network with potential clients and referral partners.
• Learn about the latest trends and regulations impacting your industry.
• Gain insights into effective communication strategies for client relations.

Look for workshops offered by accounting software companies like QuickBooks or Xero. Also, here are some of the recommendations for conferences and events:

1. AICPA & CIMA ENGAGE
2. Accountex London 
3. The Alternative Accountancy Management Summit
4. Festival of Accounting & Bookkeeping

Don’t lose yourself in the maze of company accounts submission. Instead, integrate a streamlined process, so you can put more time into what matters – running your business.

Contact us today at 01618040808 or Get a Quote online to learn more about how we can help you save time and money.