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Don’t Pick Your Accountants Or Tax Advisors On Price!

Last week a client of ours came back to us.

Six weeks ago, they had left as they had been talking to a friend of theirs who said that their accountants were far cheaper than we were.

They came back to us because their new accountants were not providing the level of service, professionalism and expertise that we were providing.

They considered that our price was better ‘value’ to them than just a mere cost.

So, brings me to the point of my blog.

There are many people who will just pick their accountants or other things for that matter on price.

Generally, you get what you pay for and if something is a lot cheaper than its competitors then there is probably a very good reason for this.

The other point I hear all the time is my current accountants are great, I don’t pay much tax.

Really! That very statement worries me as there better be a good reason why you don’t pay much tax.

There are “legitimate tax avoidance arrangements” and “illegitimate tax avoidance arrangements” as well as the far more serious “tax evasion”.

How would you possibly know if your tax was correct?

The important thing is to make sure when picking an accountant or tax advisor.

  • They are qualified to do the job.
  • They are regulated – We are a firm of Chartered Accountants regulated by the ICAEW, widely regarded as the premier brand of accountants in the UK. That way you have someone to complain to.
  • They carry professional Indemnity Insurance (we are required to by the ICAEW)
  • They have experience in your field.
  • Ask to speak to one of their clients or have a look at their reviews to see what other customers think.

 

Disclaimer: Paul Stankiewicz is the owner and principal at Paul Marks & Co Chartered Accountants which is the trading name of Paul Marks Ltd a Limited Company registered in England and Wales (registered number 4487645).This article is designed for the information of readers only and is the opinion of the author only. Readers should not act on any of the information contained in this article without seeking professional advice. Nothing in this article constitutes advice, nor does the transmission, downloading or sending of any information or the Material create any contractual relationship. Links to third party websites are provided as a convenience to the reader, Paul Marks Ltd does not control and is not responsible for any of those websites or their content. Paul Stankiewicz and Paul Marks Ltd accepts no liability or responsibility whatsoever for any loss or damage suffered by any user of the information contained on or accessed through this article or the Material downloaded.