ow to choose a tax agent who works for you is a burning question posed by many start ups, as well as established businesses.
Your personal choice is likely to be influenced by several factors relating to your sector, experience level and the manner in which you are growing your business. We have drawn up a list of pros and cons of working with a tax agent below. This will assist you in deciding on how to choose a tax agent who you can form a long-term working relationship with.
For more in-depth information or to arrange a free consultation you can contact us here.
Pros of Hiring a Tax Agent
Streamline record keeping
Focus your energies on your business – tax is complicated
Ease the burden
Get valuable advice e.g. getting finance
Cons of Hiring a Tax Agent
Risk of hiring unqualified professionals
Busy times of the year – be organised to avoid January rush
Different proccesses – so communicate effectively
Skilled multi-taskers may be able to complete own accounts
The choice of whether to hire a tax advisor and/or an accountant is often part of the planning process when starting a business. Every business owner will have their own reasons when it comes to:
- Outsourcing accountancy
- Employing an in-house accountant
- Personally taking care of accounts What works for one business may not work for another
Often the best course of action is to discuss what a professional tax agent and accountant can offer you and make your ultimate decision from there.
I switched to Steedman & Company two years into running my own business as I was suffering from some common new business issues, e.g. credit control, and I liked their no-nonsense approach to tackling problems. They’ve been vital in turning my business into a success and are always one step ahead of me.
Stephen Mathieson Edinburgh