When you hire an accounting partner and get an external on board, you want someone who does more than processing your payroll, keeping track of tax payments, and managing bookkeeping. 

An accounting partner will provide you with tax and accounting specialists to overlook the tasks and deliver their services and also work towards boosting company’s growth.

Therefore, it’s critical not to rush through the hiring process and instead take your time to ensure you’re hiring the best accounting partner for your company. There are several elements to consider when partnering.

Without further ado, here are 3 tips to assist you in making an informed decision.

What Services Do They Offer?

Various companies offer multiple accounting and financing services such as financial management, statutory reporting, secretarial services, annual financial account submissions, tax registration, financial management outsourcing services, etc. 

When selecting an accounting partner for your company, you should be aware of the work you want them to do for you and see if they offer that service.

Do you require payroll services, or do you also need business advice? Before you hire someone, be clear about the work you need to get done to avoid stumbling upon issues later.

Do They Have The Expertise And Industry Knowledge?

Expertise and knowledge in the relevant field are the most significant factors to consider before hiring, whether looking for an accounting partner or other service provider. Hence, when hiring an accounting partner, you should look for the one that has expertise in your industry.

For example, if you deal in automobiles, you need to find someone to manage all the accounting services related to your industry. Some accounting firms collaborate with a wide network of businesses and, if necessary, provide specialists to tackle specific challenges.

Check Their Background

Irrespective of the experience, skills, certifications, and qualifications, make sure to run a background check before hiring the accounting professionals. When selecting accounting partners, you can analyse the company’s ties with prior employers for its ability to meet deadlines, communicate, and work as part of a team.

Cross question them during the interview to get a thorough idea of how they deal with their clients. You must also negotiate rates and try to eliminate any surprise charges to stay within your budget.

If you’re looking for accounting and tax professionals to handle all your complicated accounting matters, IBISS & CO can help you out. We’re one of the top accounting firms in London with the best personal tax advisors in the UK.

Contact us today to take your business to new heights!