Susan Hutter gives her first article in a new A-Z guide of essential matters that consultants and GPs need to consider in order to run their private practices efficiently.
‘A’ is for accountants, and what you should be looking for in the accountant you choose to act for your practice.
The key issues to consider are:
It is helpful if the accountant acts for others in the medical profession as well as yourself, as they will be familiar with and a specialist in a wide range of relevant financial and tax issues affecting your profession.
Do make sure your accountant has the back-up of a firm with the capacity to cope and to ensure that there is always someone there for you to talk to.
It goes without saying that you should be able to directly contact the partner in charge of your case.
However, if possible, make sure you are given one or two other contacts – depending on the size of the firm – who will have the know-how on your business and are often dealing with the accounts preparation and tax issues.