According to HMRC you are required to take professional support on any aspects of your tax matters that you don’t understand. This doesn’t mean that you have to have one, but you can’t use ignorance of the rules as a defence for not paying tax.
The simple answer is no. Unlike legal and medical professionals anyone can provide accountancy services. However, there are Chartered institutions that regulate their members in order to maintain ethical and professional standards, these include: CIMA, ICAEW, CIOT & ACCA.
SEARS Accountants limited are members of ACCA (Association of Chartered Certified Accountants), a leading international accountancy body.
The most compelling reason for hiring an accountant is time and convenience. We take care of your accountancy work and let you focus on growing your business. Also having an accountant means that your tax affairs are dealt by experts resulting in a more accurate tax liability and also a reduced tax liability through tax planning. In most instances, this saves you more money than you pay us in fees.
One of the main reasons our new clients quote for leaving their previous accountant is a frustration with their old accountant’s lack of customer service and availability. Another reason is that their previous accountant wasn’t being proactive enough when it came to tax planning and they lost out on thousands of pounds in tax overpayments.
