Services You Can Trust From Accountants in Worcester
Brendmo Chartered Accountants is a growing auditing and accounting firm in Worcester with a passion of helping small to medium businesses grow by offering them auditing, payroll, secretarial, virtual CFO, advisory, taxation, HR, and accounting services that are tailored to your needs
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We Are Among the Top Auditing and Accounting Firms in Worcester
An accountant is a key member of a small or medium-sized business team. As a business owner, you have a choice between hiring a full-time in-house accountant(s) or outsourcing that function to an accounting firm in Worcester.
Many small and medium-sized businesses here in Worcester end up employing the services of an accounting firm to help them with their auditing, payroll, secretarial, virtual CFO, advisory, taxation, HR, and accounting needs while significantly reducing their overall month-to-month professional accountant cost.
Accounting firms in Worcester can help your business stay organized and give advice on how to better improve your operations at a fraction of the cost of a full-time in-house accountant.
We offer cost-effective accounting firm services to small and medium-sized businesses in Worcester. As a modern accounting firm, we have embraced the future of cloud-based accounting and aligned with well-known partners in this field.
We offer a comprehensive, secure, and reliable cloud accounting solution at fixed rates and services tailored for your business. You’ll be able to log in online anytime, anywhere on PC, tablet, or phone and see your up-to-date financials.
This also allows us to focus on what is really important, giving expert advice to help you grow your business. Having real-time up to date financial information is crucial to a sustainable business and with cloud-based accounting this is possible.
From analyzing costs to optimizing the process for rotating inventory, we, as an accounting firm in Worcester, can help you retain control of your bottom line.
We will help you set up and maintain proper accounting practices so that you can effectively increase revenue and manage expenses as well as, ensure that you do not forfeit potential tax savings when tax season rolls around.
Our accounting firm services are also important in generating financial statements. Well-organized financial records allow for you to easily put together income statements, cash flow statements, and balance sheets.
These statements are essential for any small business, as they are what help you make better business decisions, stay compliant with CIPC, accurately calculate tax returns, obtain a business loan, and/or attract investors.
In addition to our accounting and tax services, we can also help you with payroll, secretarial, virtual CFO, advisory, HR, and auditing services.
As a competent and modern accounting firm in Worcester, we have a qualified team of professionals ready to help you make sound decisions in a risky, uncertain world. Feel free to contact us to get your accounting firm services quotation.
Pitfalls to Avoid When Choosing an Accounting Firm in Worcester
Creating a lasting partnership can be tough… especially when it involves a sensitive field like accounting and taxation. You want to find a perfect match for your long-term business needs, but how do you feel confident that you’re making the right choice?
Honestly, it depends on your business culture, your specific needs and what you want out of the relationship with your accounting firm in Worcester. Some businesses are looking for a broad range of services, education and collaboration with their accountants, tax practitioners and auditors. Others simply want specific jobs done and done right in a timely manner.
While there may be no universal factor that dictates an ideal match for everyone, there are certain pitfalls that could trip up any business in their search for the right accounting firm in Worcester. If you know what mistakes to avoid ahead of time, you’ll be best positioned to make a choice you won’t regret.
If you wish to know about those mistakes we see many entrepreneurs make when hiring accounting firms in Worcester, so that you can avoid those mistakes, then following are the 10 Worst Mistakes People Make When Choosing An Accounting Firm in Worcester.
1. Not knowing their needs:
This is one of the biggest mistakes that many entrepreneurs make while choosing an accountant for their work. Many times entrepreneurs hire an accounting firm in Worcester without knowing what they actually want to have from their accounting firm. This mistake not only costs more money to you but you do not get the best output as well from your accounting firm. So, when you hire an accounting practice, make sure you evaluate your needs first before hiring an accountant.
2. Not asking questions:
Keeping the mouth shut while hiring an accountant is one more major mistake that many people make on regular basis. When you hire an accountant in Worcester, you might have a lot of questions in your mind and asking those questions would explain if your accountant knows something about the work or not. Hence, if you wish to avoid this complication then make sure you talk with him/her and you ask as many questions as possible.
3. Not taking references:
Not taking references is another significant mistake done by many entrepreneurs while hiring an accounting firm in Worcester. With the help of references from other people you can know if any accountant is good enough or not. So, if you will check the references while choosing any accountant, then you will be able to choose an expert who knows about the work in the best possible manner.
4. Hiring a less experienced accountant:
In terms of accounting, experience is a major factor and if you will hire a non experienced accountant then it will be a big mistake from your side. To avoid this mistake it is necessary that you choose only an experienced accountant that has done the accounting work for other people. This precaution will keep you away from any kind of trouble and problems.
5. Not talking about the fees:
If you have small needs such as filing of income tax return, then you would prefer not to pay a lot of money to your accountant. There is nothing wrong with your expectation but if you don’t talk to your accountant about the fees before giving the work to him/her then you might need to pay a lot of money for that. To avoid this mistake it is strongly recommended that you talk about the money in advance and you go ahead only if you are fine with the fees.
6. Using a very big or small accounting firm:
Choosing a very big or small accounting firm for the accountant is one more mistake that you should avoid. If you will choose a very big accounting firm in Worcester then they will charge more money for your work and they may give less importance to you if your work is not big enough for them. Similar to this a small accounting firm may not have the capability to finish the work for you and that’s why it is necessary that you choose an accounting firm or accountant in wise manner.
7. Not knowing accountants capability:
If you are choosing an individual accountant then you need to have clear idea about his/her capabilities otherwise it will be a big mistake on your side. To know more about the abilities of your accountant you can simply talk to him/her, you can ask about his/her previous work and you can ask how he/she will give benefits to you if you will hire him/her.
8. Not asking about your benefits:
The basic idea of hiring an accountant is that you keep your books in order. But along with that, you expect other financial benefits and services as well and not asking about these benefits is a big mistake by people. To avoid these mistakes, it is suggested that you talk about all the benefits and services that you will get if you will hire them as your accounting firm.
9. Not checking reviews:
It doesn’t matter what kind of services you are taking, checking reviews of that service provider is always the best thing to do. If you will skip that part then we would call it a mistake and we would urge you not to make this mistake in any condition. For this step, you can simply go online and you can check reviews about your accounting firm on Google or various reviews sites. In most of the cases you will get detailed review about the accounting firm from Google and you can choose one in wise manner.
10. Not checking licenses:
An Accountant needs to have some licenses and certifications to do the work and if you are not checking the licenses, then you will be making a mistake in this case. So, we don’t have to explain that while choosing your accounting firm you shall check all the licenses or certifications as well that they have. This precaution will keep you away from many troubles and you will get only the best output from the service.
Whatever your needs, simple or complex, don’t become a victim of these pitfalls. Think ahead, ask questions, do a little extra research… and you’ll ultimately find the right fit for your business. Have questions? Contact us by phone at +27 11 026 3052 or via email at email@example.com.