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Southside Accountants Wimbledon

Choosing Your Accountant

Sep29

Choosing your accountantAppointing a suitable accountant is an important business decision. This is because it will be a long term business relationship supporting you on some of the key aspects of your business.

It is vital that you find an accountant that has the relevant qualifications and has a credible reputation and is suited to the way you work.

We hope the following information will help you when searching for an accountant that would meet your needs.

Qualifications

Did you know that anyone can set up as an accountant in the United Kingdom? This is why it is imperative to assess a person’s qualifications; otherwise you could end up paying for the services of someone who does not have the necessary skills or experience. The accountant in question should at least hold one of the following qualifications:… Continue Reading

Do you Need an Accountant to Submit Accounts to Co House?

Dec12

companies House The short answer is no, you do not have to be an accountant to submit accounts to Companies House. However, it is would be best to employ services of an accountant. He/she would ensure all the changing regulations are complied with. Further, the accountant will be able to identify any tax savings. These tax savings may outweigh their fees.

It would be best to employ a Chartered Accountant for this.  There are many people calling themselves accountants. However, they have not undertaken any professional examinations and are not monitored by any one.  Chartered Accountants are monitored by their Accounting body. They are required to keep up to date with changing regulations.

Before employing an Accountant please check that they are a qualified Chartered Accountant.

If you would like any further information, please do not hesitate to contact Southside Accountants Wimbledon & London.

Check Your Accountant is “Qualified”

Nov17

accountantWatch out for “accountants”

Do you know it is perfectly legal for you to set up and call yourself an accountant? You do not need any qualifications or training to call yourself an accountant.

Anyone can call themselves an Accountant and many do! Accountant is not a legally protected term. This means they are more than a few people working and calling themselves accountants. These people have not passed relevant accountancy examinations, are not regulated and are not required to undertake any Continuing Professional Development. This means they are not best placed to handle your financial affairs. Furthermore, they may also have impressive looking initials after their name -do not be fooled by these. These initials are gained by completing a simple form, providing two references and paying a membership fee.

Please do not accept a person as an Accountant without checking their credentials.

Right Person (Accountant)

Accountants that are appropriately qualified to act for you include:

  • Chartered Accountant – ACA or FCA – Member or Fellow of the ICAEW (Institute of Chartered Accountants in England & Wales).
  • Chartered Accountant – CA – Member of ICAS (Institute of Chartered Accountants in Scotland)
  • Chartered Management Accountant – ACMA or FCMA – Member of CIMA (Chartered Institute of Management Accountants)

Before employing an Accountant belonging to anyone of the above bodies, please call the body to confirm if he/she is a member of the body.

If you would like any further information, please do not hesitate to contact Southside Accountants Wimbledon & London.