Do I need a Chartered Accountant?

Who needs a Chartered Accountant?

Mega corporations? Millionaires?

Yes, they all need Chartered accountants.

But so do normal people. For every Chartered Accountant who specialises in the affairs of the very rich, there are dozens who deal with the tax returns, businesses and financial decisions of everyday people in their region.

But why a Chartered Accountant?

What makes them special?  They sound expensive?  What’s wrong with Mr Smith in town?  His website says he’s an accountant.  Isn’t that good enough?  Well did you know anybody can call themselves an accountant?  Yes, unlike some other professions anybody can turn around one day and decide to set themselves up as an accountant.

Bad Accountant

This might not be an issue.  Mr Smith might be a good accountant.  But many people who decide to call themselves accountants have limited training and qualifications, no oversight from a governing body and no requirements to hold professional indemnity insurance.

So why is this an issue?  Well it could mean you affairs are mismanaged and you could suffer financial and reputational damage.  Ultimately you have no recourse other than via costly court proceedings.  And if they are uninsured then you may never be compensated.

Sounds like an expensive mistake?  Then consider the alternative.

West Lancs Chartered Accountants is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) which means that you can be happy that the advice we provide to you is given in accordance with the ethics and standards of the main accountancy body in the UK.

So you’ll get a professional advising you (but we can’t promise Ben Affleck!).

A Chartered Accountant

All practicing ICAEW accountants share the following

  • completed a minimum of three years’ in-depth training, including practical experience.
  • members of ICAEW – The Institute of Chartered Accountants in England and Wales.
  • committed to continuing professional development training every year to keep their knowledge and skills up to date.
  • bound by ICAEW’s Code of Ethics.
  • subject to ICAEW’s disciplinary procedures.
  • required to hold a Practising Certificate and Professional Indemnity Insurance if they offer professional services to the public.
  • part of ICAEW’s Practice Assurance scheme, which demonstrates their commitment to quality assurance, and upholding and developing the highest professional standards

Isn’t your time, wealth and reputation worth it?

Go to Get A Quote or Book a Meeting now to find out how we can help you.

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