Key Questions to Ask When Hiring an Accountancy Firm

Hiring the right accountancy firm is a big decision. It’s not just about finding someone to manage your numbers; it’s about building a lasting relationship with experts who understand your business and help it grow. At Nordens, we pride ourselves on being more than just ordinary accountants. We’re partners committed to helping you achieve your financial goals.

But how can you be sure you’re making the right choice? The key is to ask the right questions. In this article, we’ve compiled ten essential questions to guide you in selecting the best accountancy firm for your needs, with insights tailored for those considering Nordens.

Q1. How long have you been in business?

Experience often translates to expertise. Understanding an accountancy firm’s history can give you insights into their stability, adaptability, and depth of knowledge. At Nordens, our history speaks volumes about our commitment to excellence and our ability to adapt to the ever-evolving financial landscape.

Q2. Do you have any references or testimonials?

First-hand feedback provides a genuine gauge of the firm’s capabilities and client satisfaction. It’s a testament to their track record and reliability. Nordens is proud of the relationships we’ve built over the years, and our clients’ testimonials reflect our dedication to their success.

Q3. How do you typically communicate with your clients?

Effective communication is the backbone of a successful partnership. It ensures clarity, timely updates, and a mutual understanding of goals and challenges. Whether it’s regular updates, meetings, or prompt responses to queries, Nordens believes in keeping the lines of communication open, ensuring you’re always in the loop.

Q4. Will my account be handled by a single person or a team?

Knowing who’s in charge of your account ensures accountability and helps in building a personal rapport, which can be crucial for trust and understanding. At Nordens, we ensure that every client receives the personalised attention they deserve.

Q5. Can you provide feedback on my current accounting system?

An external perspective can identify inefficiencies or areas of improvement in your current system, ensuring you’re leveraging the best tools and practices. Nordens’ team is adept at evaluating existing systems, suggesting enhancements, and implementing best practices tailored to your business needs.

Q6. What steps will you take to prepare me for tax season?

Being well-prepared for tax season can save you time, stress, and money. It’s essential to know how proactive the firm is in ensuring smooth tax operations. With Nordens by your side, we streamline the process, ensuring you’re well-prepared, compliant, and making the most of tax-saving opportunities.

Q7. How will you improve my company’s bottom line?

Beyond basic accounting, a great firm offers strategies to enhance profitability, helping you grow and achieve your financial objectives. Nordens focuses on proactive strategies, from cost-saving measures to revenue-enhancing solutions, all aimed at boosting your bottom line.

Q8. Have you worked with businesses similar to mine in size or industry?

Understanding an accountancy firm’s experience with businesses of a similar scale or in the same sector can provide insights into their ability to address unique challenges and offer tailored solutions. At Nordens, we’ve partnered with a diverse range of businesses, allowing us to bring a wealth of industry-specific expertise to the table.

Q9. How do you keep up to date with industry changes and regulations?

The financial landscape is ever-evolving. Hiring an accountancy firm that prioritises staying updated ensures compliance and can offer the latest strategic advice. Nordens is committed to continuous learning, ensuring we’re always abreast of the latest industry trends, changes, and regulations.

We’re not only committed to continuous learning but also take pride in consistently publishing blogs and insights. This proactive approach ensures we’re always informed, but also allows us to share valuable knowledge with our clients and the broader community.

On top of that, our regular newsletter offers a curated selection of the latest updates, expert opinions, and valuable advice. If you’re keen on staying informed and gaining a competitive edge, we encourage you to sign up for our newsletter and join our community of informed professionals.

Q10. What challenges particular to my industry concern you most?

Every industry has its nuances. Understanding a firm’s awareness and approach to industry-specific challenges can be a strong indicator of their expertise and foresight. Nordens’ industry-specific expertise means we’re equipped to tackle these head-on, offering solutions tailored to your business sector.

Why Nordens? Let Your Questions Lead the Way

Hiring the right accountancy firm is a pivotal decision that can shape the financial future of your business. By asking the right questions, you ensure a partnership that aligns with your goals and vision.

At Nordens, we value clear communication, expert advice, and genuine partnerships. If you’re thinking of hiring an accounting firm that truly understands your needs and offers tailored solutions, we’re here to answer all your questions, all you need to do is get in touch.