There are many things to consider when looking for an accountant. You want to ensure the accounting firm that you chose is the best possible fit for your business in order for your business to be as successful as possible. One of the main decisions when hiring an accountant is whether to hire a large accounting firm or a small accounting firm. In this blog we will discuss what kind of businesses are suited to both small and big accounting firms and the benefits of hiring a small accounting firm.
What kind of businesses are small accounting firms best for?
There are benefits to both small accounting firms and big accounting firms. However, small accounting firms are best suited if you have the following kind of business:
Start-ups
Sole traders
Entrepreneurs
Family businesses
Small business owners
Private companies
Not-for-profits
If, however, you are the owner of a multinational corporation, a large company, a large bank or are a very high net worth individual then you would be better finding a large accounting firm.
What are the benefits of a small accounting firm?
There are indeed many benefits in choosing a small accounting firm for your small or medium sized business.
Customised service and flexible pricing
A big benefit of choosing a small accounting firm is that they can offer a customised service for your business. Small accounting firms can be much more flexible with what your business needs and you can pick which services are best for your business. Often with large accounting firms you must choose a package which is most closely suited to your needs, instead of one specifically tailored to your business. This also often results in small accounting firms being cheaper as you only have to pay for the exact services that you want for your business.
Friendly and personable client contact
Another benefit of choosing a small accounting firm is the aspect of friendly and personable client contact. The relationship which businesses have with big accounting firms is often a somewhat transactional relationship, due to the fact that they are working with a large number of clients. Small accounting firms, on the other hand, usually care more about your business and won't just see your business as a number. Small accounting firms have fewer clients than big accounting firms and therefore, value every client they work with. This consequently means that most small accounting firm have a much more friendly and personable interaction with their clients, as well as being in touch regularly instead of you having to chase them down.
Decided you want to hire a small accounting firm?
Accounting Glasgow are a small family run accounting firm and have been offering our accounting services since 2017. We provide our accounting service to small and medium sized businesses throughout the UK.