Businesses have three options when it comes to selecting an accountant; they can choose to work with a large firm, utilise an online service or hire a local accountant.
Your accountant plays a crucial part in the success of your business. For that reason, it's critical that you establish a strong working relationship with them. When you work with a local accounting firm, you are more likely to receive a tailored, personalised accounting solution that meets the specific needs of your company.
Local accountants can add greater value than those provided by large companies. In this blog post, we will be exploring the benefits of going local.
A more personalised service
Small accounting businesses have the ability to create personal relationships, which distinguishes them from large companies. Providing a more customised, hands-on approach assists local accountants in developing long-term connections and a true understanding of your business goals.
With a local accountant, you will not be bounced from department to department and will have direct contact with the individual in charge of your account rather than whoever is in the office to take your call.
Value for money
Choosing to work with a local accountant over a large financial institution will help you save money. A renowned accountancy firm would almost always charge a higher rate than a local accountancy firm to cover their expenses and add the fee of their professional standing.
As smaller accounting firms are more client-focused than reputation-focused, they don't have the same costly overheads or stakeholder demands as corporate companies. They don't have to increase prices to achieve their target revenue and are more inclined to offer a personalised service.
A convenient location
Accessibility is a key differentiator for local accountants. They are more likely to be readily available to help you address your problem if you require immediate assistance.
As they will more than likely be situated close to your premises, if any accounting emergencies were to arise, you will have the opportunity to visit them in person rather than dealing with the situation over the phone.
Insight into the local area
Every day, local accountants deal with businesses in the surrounding area. They are familiar with the local and regional issues you are likely to face because they have encountered them many times before.
They will be well-versed in local government grants, funding and business enterprise incentives, which may put you in a better position than an online or national accountant.
Valuable business connections
There are numerous advantages to networking with businesses in your area, whether it's to search for a supplier, a sponsor, or a local business to collaborate with on a business venture.
A local accountant will have a broad list of business contacts and suppliers they can introduce you to. They will be familiar with your company and its aims, which means they will be able to identify businesses who they believe could be beneficial to your company.
If you’re looking for an experienced, professional local accountancy firm in Northumberland that offers competent accounting services, we’re here to help.
At One Two One Accounts, our services are designed with you, the customer, in mind. We take a value-added, proactive and human approach, whether you need help with VAT, payroll, or tax returns.
For professional but friendly accounting services, get in touch with us today.