Qualified or not Qualified that is the question?
Did you know that anyone can call themselves an accountant? If you deal with a firm that is not regulated by a professional body, such as ACCA, then you might find that you’re not getting exactly what you want.
Here are some good reasons why it’s good to use a qualified firm/accountant and perhaps pay a little extra:
- If you need a mortgage then a qualified accountant can sign off a mortgage certificate;
- A qualified firm is monitored by its professional body to ensure their work meets the very high standards expected;
- A qualified firm must have professional indemnity insurance so you have protection in the event that you need to make a claim;
- A qualified accountant has to complete a certain amount of continuous professional development each year, so you know you’re getting up-to-date advice;
- A qualified accountant would have completed professional examinations;
- A qualified accountant has to acquire many years worth of practical experience before they can call themselves qualified;
- If you sell your business the potential buyer may place greater confidence in the accounts prepared by a qualified firm;
- If you ever change accountants a qualified firm must provide the appropriate handover to the new accountant;
- A qualified accountant has to ensure that another suitably qualified firm can take over if there is a disaster;
- A qualified firm should be better placed to make your business more profitable;
- If you have a complaint with a qualified firm then, if necessary, you can escalate your complaint to their professional body, but there’s nowhere to go with an unqualified firm.
Next Step:
Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.
