Knowledgebase

Working With Accountants and Advisers Print

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Getting professional support.

WHAT THEY PROVIDE

Filing and compliance Advice on obligations Representation with authorities Structuring guidance

WHAT TO ESTABLISH BEFORE ENGAGING

Their qualifications and registration Their experience with businesses like yours What exactly is included What it costs

WHY QUALIFICATIONS MATTER

Anyone may call themselves a consultant; professional bodies regulate members.

HOW TO VERIFY

The relevant body's register.

WHAT TO AGREE IN WRITING

Scope Fees Deadlines What you must provide Who files what

WHY WHO FILES WHAT

Obligations are missed when each party assumes the other handled it.

WHAT YOU REMAIN RESPONSIBLE FOR

Your obligations, regardless of who performs them.

WHY THAT MATTERS

Delegation does not transfer liability.

WHAT TO PROVIDE THEM

Complete records, promptly.

WHY

Their work depends on it, and late provision causes late filing.

WHAT TO ASK FOR

Evidence of every filing made on your behalf Copies of everything submitted

WHY

You need them, and you should verify.

WHAT TO REVIEW

Whether filings were actually made, independently.

WHAT TO DO IF SOMETHING WAS MISSED

Address it immediately, and establish why.

WHAT TO RECONSIDER

An adviser who misses deadlines repeatedly.


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