Choosing someone to handle your tax is a big decision.
Anyone can set up in business as an “accountant” or “tax adviser”. They don’t have to hold qualifications or belong to a professional body.
So it’s worth taking your time.
Look for proper qualifications and protection,
A professionally qualified adviser will:
- Have completed recognised training and exams
- Be regulated by a professional body
- Keep their knowledge up to date
- Hold Professional Indemnity Insurance (PII)
PII matters. It protects you if your adviser makes a serious mistake or acts dishonestly. If someone doesn’t have it, think carefully before appointing them.
Questions to ask before you decide.
You’re more likely to make a good choice if you check a few basics.
- Reputation – Are they recommended by someone you trust? Do they have legitimate online reviews?
- Professional membership – Do they belong to a recognised body that requires PII and has a complaints procedure?
- Experience – Do they understand businesses of your size and in your sector?
- Specialist knowledge – Do they have experience in the specific tax issues you need help with?
- Future needs – Can they support you as things change? For example, with VAT, payroll, audit, investment or insolvency advice?
Meet them in person if you can. Notice how they explain things. You should feel comfortable asking questions. If you leave more confused than when you arrived, that’s a warning sign.
Finding advisers an adviser
Professional bodies can give you contact details for advisers near you, but it’s a good place to start. They won’t recommend anyone in particular, but they can confirm who is currently registered.
The main professional bodies are:
Check their website and shortlist a few. Ask whether the first meeting is free before you book it.
Understanding fees.
Be clear about how fees are charged and when they’re due.
Ask for:
- An estimate of the cost
- A breakdown of what’s included
- Details of any extra charges (for example, VAT returns or payroll)
You might be able to reduce fees by doing some of the bookkeeping yourself or by using compatible accounting software. It’s fine to discuss this upfront.
After you appoint someone.
Once you’ve chosen an adviser, you should receive a letter setting out:
- What they will do for you
- What they won’t do
- Their terms and fees
Keep them updated about any changes in your business or personal circumstances. And if you’re thinking about retiring, selling your business, or giving away a significant asset, speak to them before you act.
Taking a little time at the start can save you stress and money later. The right adviser should make things clearer, not more complicated.