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.

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Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

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