Owners of small businesses need a great deal of advice and assistance with their finances and it is essential to get something effective organised to help you to manage this effectively from the outset.
If you are beginning with a low budget, your best bet is to find a small accountancy firm offering a basic package because this is usually the most cost effective option to meet your needs and gives you access to each of the services you are going to be likely to need.
A basic accountancy package should be available for an agreed monthly or yearly charge and can tend to save you a lot of money as well as assist you to budget more easily. The alternative of course is to pay for advice and services individually as you go along, but this will almost certainly be the most expensive way to access their services.
Whether you decide to go for a fixed fee package or not, make sure you are crystal clear about which services you are going to be charged for and how much these services will cost from the beginning, to eliminate the possibility of any unpleasant surprises at a later stage. Without a fixed package it is probable that all phone and email communication will be charged for at an hourly rate, so avoid making any assumptions when it comes to fees and be sure to get this information in writing.
If you cannot find a good accountant through your own contacts, try looking online for a reputable local business. Be sure that the company you use is qualified and knowledgeable about small business accountancy and will be able to provide you the level of support you will need to run a successful small business. Check on the companies website to find out if they are registered with or belong to a recognised body for accountants.
Once you have shortlisted a couple of suitable businesses, read through the information they provide on their websites as this should answer most of the questions you might have.
The initial consultation is usually free, so take advantage of this and make appointments with one or two different companies and see what you what you make of them.
Sometimes it can be difficult to work out which company has the best deal when they all charge\charge their clients in such completely different ways, making it harder to compare prices in an accurate way.
You need to find a company you can trust that can offer you a quality service as you will benefit from having an excellent business relationship with them in the long run.
By doing a little bit of research at the start, you will find you save yourself a great deal of time and money having made a great choice.