How to find a really good accountant for your business 

Via Finhub off course! 

We only co-operate with the best accountants which we validate and monitor regularly therefore if you get an offer rest assure the accountant will meet your expectations. 

What makes a good accountant? 

An audit and assurance firm, regulated by the ACCA, ICAEW and the local Cyprus ICAPC is unlikely not to meet any professional requirements your business has to comply with the local laws and regulations.  

However, besides the workload there are more factors to consider in assessing whether your accountant is good for you: 

1. Credentials 

Finhub only co-operates with licensed audit and assurance firms who provide accounting services therefore credentials are a given if you purchase a service via our platform. Nevertheless, always validate your accountant’s credentials as they reflect their expertise and skills. The highest credentials for accountants and auditors are the ICAEW chartered accountancy and the ACCA the chartered certified accountancy diplomas. For tax experts the highest diploma is the ADIT by the Chartered Institute of Taxation. 

2. Size of the firm 

The size of your business and the accountant should be more or less the same for the following reasons: 

• You do not want to be a very small client and not getting the attention you deserve 

• You do not want to be a very big client to the accountant and getting poor service and lack of specialist knowledge 

• Mismatch of fees; the larger the accountancy firm the higher the fees and possibly the quality offered, something that may not be of great interest to your business at the current stage 

3. Expertise of the firm 

Each industry and company type has its own unique characteristics, and it is always advanceable to pick an accountant with similar experience in your field. This will not only save you time and beginners errors but will also ensure that you are not behind the competition as certain industry tricks are being applied. 

4. Chemistry between the engaging partner 

When you contract with an accounting firm you are entering into a relationship with the engaging partner. This is relationship will be demanding at times and requires a great deal of communication. It is imperative that your get along with the partner who should appear to be trustworthy and reliable. 

Therefore even though credentials are of paramount importantace, we consider them a granted. What is next is the chemistry or the new relationship which will determine the long term lasting business co-operation between the two parties.

5. Location of the firm 

If is too far you may feel uncomfortable sending your records via DHL. 

6. Reputation 

Although of paramount importance, it is really hard to assess the reputation of an audit and assurance firm however it does not harm if you try. 

Still not sure? 

Sometimes the routine or simplest indicators reveal the real of the culture and expertise of the service provider. For example: 

• Check their website; is it professional enough and updated frequently 

• Seek to find recent articles either via their website or linked in 

• Do they belong to international associations and groups besides the ICPAC, ACCA and ICAEW 

• How fast do they respond to your enquiries 

• How fast they return a call 

If you are still confused and not certain, give us a call on +357 25 080 495 and we will try to assist you to the extent possible. 

Thank you,  

The Finhub Team