Home News Why You Should Hire a Chartered Accountant

Why You Should Hire a Chartered Accountant

15 Mar 22

When you start seeking specialist advice and services it is important to select a professional you can trust. With thousands upon thousands of practising accountancy providers on the market, finding the right one for you can seem overwhelming. Throughout your search, you will come across accountants that are chartered and those that aren’t. It may be surprising to know, by law anyone can legally call themselves an accountant, regardless of their experience and qualifications. So why should you choose a Chartered Accountants?

What is a Chartered Accountant?

To gain Chartered status, individuals must undergo years of practical training and pass rigorous examinations. Once qualified, chartered accountants will continuously keep up with regular training alongside being regulated by the Institute of Chartered Accountants in England and Wales (ICAEW), meaning they are bound by a code of ethics and professional standards to ensure they are fully informed of the latest developments in their industry.

You will find Chartered Accountants work in all fields of business and finance, including auditing, taxation, financial and general management.

Chartered Accountants Provide Security

Knowing that your money is in safe hands is important when it comes to your business or personal finances. Chartered Accountants are obliged to follow specific regulations and compliance rules which make them the most secure type of accountants on the market. Part of these regulations states that Chartered Accountants who practice publicly must have professional indemnity insurance, which gives you an additional safety net in case anything does go wrong.

Keeping Your Books and Taxes in Order

Chartered Accountants are familiar with tax laws in the UK. Allowing a professional to handle your finances and taxes properly within the parameters of these laws will help you identify and calculate your taxable income, as well as the elements that are exempt from taxation. Taxes can take up a lot of time and effort and require accuracy. By using a Chartered Accountant, you will have peace of mind knowing that what you are submitting to HMRC is correct, avoiding any penalties and unforeseen costs for errors.

Help with Managing Business Finances

Another benefit of hiring a Chartered Accountant for your company is that they understand the value of time. By allowing them to help manage your business finances effectively and efficiently, you can spend more time focusing on the growth of the company.

Additionally, they should be instrumental in proposing new ways to invest, as well as making sure that money is not being lost or wasted within day-to-day operations. This all strengthens the business, making it more appealing to potential investors. 

Why You Should Choose Hysons, Chartered Accountants

Established in 1979, Hysons, Chartered Accountants, is a firm that prides itself on delivering our customers a first-class service. By using one of our highly qualified Chartered Accountants, you know you’re in safe hands, as we are bound by a strict code of professional ethics and standards.

If you would like to discuss how Hysons, Chartered Accountants, can assist in your personal or business affairs, get in touch with us today for a FREE accounting consultation.

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