If you’re in need of financial advice, your first move will most probably be to get in touch with a local accounting firm. Whether you need help supporting your personal finances or you’re finding the world of corporate tax befuddling, a professional accountant will be able to help you to iron things out and make sense of your finances again. However, how do you know if their advice is accurate, informed and compliant?
Surprisingly, technically anyone can call themselves an accountant, even if they have no professional training or qualifications. For this reason, it’s essential that you choose an accountancy firm you can trust- but how do you know if they’re trustworthy? Well, as a rule, you should always choose a chartered accountant, and we’re here to tell you why.
Extensive experience
In order to qualify as a chartered accountant, you’ll need to have worked with a range of clients across various industries. Due to this extensive experience, chartered accountants are able to think on their feet, be adaptable and are aware of business operations in all types of contexts. When choosing a chartered accountant, it pays to hire one that specialises in your specific field or industry, as you can guarantee that their advice will be backed up by a wealth of experience.
Regulated by professional bodies
Chartered accountants are professionally qualified accountants that are bound by a code of ethics, regulated by a regulatory body such as the Insitute of Chartered Accountants in England and Wales (ICAEW). This is the global body of chartered accountants in England and Wales and as a member, accountants will undergo regular monitoring of compliances, as well as quality reviews of their professional practice. This means being frequently observed and evaluated by an external governing body, not just management within their own firm; a guarantee of quality, accuracy and veracity.
Reliable advice
As well as undergoing regular monitoring, it is compulsory for Chartered Certified Accountants to keep up to date with professional development standards within the finance industry. This means that their knowledge and skills are always going to be informed and accurate. Whether handling your personal or business finances, you need to know that you can rely on your accountant to look after your hard-earned cash. You must also feel comfortable going to them for advice during financial difficulty and expect them to be trustworthy and discrete. With a chartered accountant, you know that their training and experience enables them to offer the most reliable advice possible.
If you’re looking for a trustworthy and accurate accountancy firm in Birmingham, look no further than Barron & Co. Our team of Chartered Certified Accountants are fully qualified and trained in various areas of finance handling, and offer a wealth of experience spanning across multiple industries. For reliable advice, get in touch with us today.