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What is the Futrli app and how can it help you?

Here at Kirkwood Wilson, we are passionate about keeping up to date with all the latest accounting technology. We are always on the lookout for new technologies and apps that can help us to help our clients in the best way possible. Here, we explore the features and benefits of the Futrli app and explain why we are such big fans of it.

What is the Futrli app?

Before we get started on the finer details of the Futrli app, we thought we should explain exactly what it is. Futrli, pronounced “future-lee” and formerly known as CrunchBoards, can be best described as a piece of financial forecasting software.
The app allows users to create financial forecasts and reports based on either their financial or non-financial data. These can be created either from a pure starting point or using the helpful templates that Futrli provides within the app.
Futrli is perfect for those medium to large businesses that require extensive reporting on their budget, KPIs and cash flow.

Why did the app go from CrunchBoards to Futrli?

For those who are more familiar with this app when it was known as CrunchBoards, it might be worth explaining why the app underwent a rebranding and overhaul.
Futrli’s co-founder, Amy Harris, has stated that the company wanted to focus more on accountant-delivered advisory services. Futrli didn’t want to be known as just another “number-crunching” app. Rather, they wanted to provide a customisable experience for each accounting firm and their clients.

What data can be exported from the Futrli app?

Through the use of Futrli, businesses can receive KPIs, both in the financial and non-financial sense, as well as data from various date periods, whether transactional or cumulative. One aspect of Futrli that makes it so popular with businesses is the ability to receive 3-way forecasts across a 10-year period.
Not only that, but the app can also provide you with multiple “what if” scenarios for various different circumstances. For example, say you knew that you needed to reinvest some money elsewhere, you’d be able to receive a forecast for this particular scenario which would give you an idea of how this would play out for you and your business financially.

How Futrli works alongside other accounting apps

Here at Kirkwood Wilson, we are big advocates of digital accounting and work with several accounting apps, such as Xero and Receipt Bank. This is to ensure our clients receive the best services and can access their financial information with ease.
Futrli can be easily integrated with other accounting software, such as Xero. Through this integration, financial data can be automatically updated, which means that users no longer need to manually enter the data themselves.
This integration is ever-more effective as forecasting can come directly from the previous year’s financial data, providing more of an accurate forecast.

Kirkwood Wilson and Futrli

With many users of Futrli labelling this app as a “clever” and “innovative” way to visualise your money flow, we just had to get in on the accounting action – so to speak!
We believe that accounting should be made easy for our clients. We always want to ensure that our clients receive the best services possible, which means we are always on the lookout for new and exciting apps to make these processes easier.
If you want some advice or help with your accounts, then get in touch with us today. We are always happy to help!

Working from home during Covid-19

How to create a ‘return to workplace’ plan

In May 2020 the UK government launched a roadmap and campaign advocating that office workers should return to the office. Yet we are now being advised to work from home ‘if we can’. Guidance for returning to work is now rather conflicting.

Here at Kirkwood Wilson Accountants, we believe that having a ‘return to workplace’ plan (for whenever reason it is needed – of course) is important. As remote working is the new normal, we’ve detailed some ideas about how to make your return to workplace plan inclusive for all.

Return to the workplace

As of 22 September, the government made a U-turn with its statement regarding returning to the office. Michael Gove made a statement that if it is possible to work from home, people should. This could leave you understandably confused about the right steps to take for your employees. The question is whether you should continue with your return to work plan or put it on hold.

At Kirkwood Wilson accountants in Ormskirk, we’re here to provide peace of mind during these worrying times and have some guidance for completing your return to workplace plan. Additionally, if you’re worried about the state your business is travelling in, we are always here to offer a friendly face and a helping hand with your business worries.

What your return to workplace plan should involve

As the health and safety risks from Covid-19 are primarily concerned with person-to-person contact in the office, there are a lot of considerations for employers regarding the virus entering the building and spreading to staff members.

At Kirkwood Wilson, we recommend that your return to workplace plan should involve the following:

  1. Risk assessments
  2. Consider your employees’ wants and needs
  3. Continuously update policies and practice.

Return to workplace plan – risk assessments

Risk assessments, risk assessments, risk assessments. The words on everyone’s lips when the UK gradually started lifting restrictions. You must consider health and safety measures aiming to mitigate risks and also reduce uncertainty amongst employees. Once the risk assessment has been completed, you must share it with members of your team to familiarise themselves with the measures you have put in place.

We recommend the following when carrying out your risk assessment and assigning preventative measures:

  • Cleaning protocols – Table cleaning procedures should be put in place, as well as consideration about the main touchpoint areas within the office.
  • Social distancing procedures – You could have markers on the floor detailing how the workforce travels around the office.
  • Hand sanitiser, hygiene stations – Hygiene and washing hands regularly are some of the most important things to stop the virus from spreading.
  • Protect your bubble – Minimise non-workers from entering the office environment.

Return to workplace plan – Consider your employees’ wants and needs

As many employees were told to shield due to health reasons when we first went into lockdown, as an employer it is important to consider your employees’ worries. If you have been continuing to work from home throughout the pandemic, it might be worthwhile including more flexible working.

We recommend considering the following:

  • Keep a record of your staff work patterns for 21 days
  • Consider how many people should be in the workplace at any given time
  • Adjust working hours and break times.

Return to workplace plan – Continuously update policies

When government guidelines change, it is important to familiarise yourself with new rules. As new measures are introduced for businesses and day-to-day life regularly, at times it can be overwhelming.

Here at Kirkwood Wilson Accountants, we’re here for you if you need professional business advice or a helping hand planning your finances.

If you’re interested in hearing more about our services, simply get in touch today and the team will be more than happy to help. Call us on 01704 546000 or contact us.

5 things Kirkwood Wilson can do to support you during testing times

5 things Kirkwood Wilson can do to support you during testing times

In your personal life, having someone around that you can confide in and talk to during difficult times is incredibly important. You might have not thought about it before but this is similar in regards to businesses. When you’re undergoing testing times with your finances and business processes, having a support base, like your accountants, on hand to listen and advise can provide great peace of mind and some relief from some of your stresses. Read on to hear how, at Kirkwood Wilson, our accountants are always on hand to support you during the difficult times and the good.

How a certified accountant can support you in testing times

Over the past few months, the Covid-19 pandemic hit businesses in unimaginable ways. With many businesses being forced shut, with no cash flow, it has been a crucial period of time for accountants to support their clients.

Here at Kirkwood Wilson, Accountants in Ormskirk, we specialise in digital accounting and during the Covid pandemic, with many forced to work remotely, we have supported each and every one of our clients.

Here are our top reasons how certified accountants, specifically Kirkwood Wilson Accountants, can support you during testing times:

  1. Help you to understand governmental business support packages
  2. Bring you up-to-date with digital accounting software
  3. Advice on cash flow management
  4. Point you in the right direction for gaining finance
  5. Support you by having a general chat and listening to your worries.

1. Help you understand governmental business support packages

It has recently been announced that GDP tumbled 20.4% in April to June 2020, with the UK now in a recession. To limit the burden on the economy during Covid-19, the UK government put in place a number of business support measures, such as; the job retention scheme, deferral of VAT payments, and more.

During testing times like the Coronavirus pandemic, as a business owner or manager trying to keep on track with the schemes, managing workload, and trying to maintain business, is rather a handful. So here at Kirkwood Wilson Accountants in Ormskirk, we’ve been helping our clients every step of the way advising on financial steps to take.

2. Bringing you up-to-date with digital accounting software

If you didn’t already know, Kirkwood Wilson Accountants specialises in digital accounting. As digitising your business is now more important than ever, Kirkwood Wilson are on hand to help streamline your bookkeeping processes and get stuck right into the world of digital.

3. Advice on cash flow management

Keeping the cash ticking in has been one of the biggest worries for businesses over the past few months. As business survival is the top priority for most and ultimately cash flow being king, at Kirkwood Wilson, we’ve been supporting our clients as much as possible to feel more in-control of their finances. Whether that is cash flow forecasting or advice on possible finance options, we’ve been on hand to help with any worries!

4. Point you in the right direction for gaining finance

By applying for R&D tax credits, grants and other finance offerings, this could be crucial to survival. Here at Kirkwood Wilson, we are up-to-date and always aware of best practice and ways you can claim back. We are more than happy to talk you through anything!

5. Support you by having a general chat and listen to your worries

Having accountants you can trust, and are there for you on a rainy day, can provide you with security and peace of mind. The team at Kirkwood Wilson are here to listen to any and every worry you might have and offer you advice to point you in the right direction.

Get in-touch today via our contact form or on 01704 546 000 if you require a local accountants in Ormskirk to help your business during these testing times.

Recovery after COVID-19: we are here to help

Recovery after COVID-19: we are here to help

Whether your business suffered catastrophic effects as a result of the economic and social changes wrought by COVID-19, or you are simply looking for a little reassurance and a nudge back onto the right path, there are some key areas that you can address to get your business – and yourself – back to some sense of normality. Here are some of the things we would recommend:

Self-care

Before you can successfully get your business back on track, you need to make sure you have the energy and mindset to focus – that means making sure you’re at your best. The months of lockdown affected many people in different ways, but increased levels of anxiety were reported throughout as an extremely common experience.
Anxiety itself can be helpful; a low level of fear ensures that we take action to protect ourselves and our loved ones. Panic, however, has a detrimental effect; it causes us to lose focus, become immobilised and unable to make decisions, and results in poor judgement.
Some of the most effective steps you can take in looking after yourself and keeping your anxiety levels in check will not only ensure you are well-prepared to deal with your work life, but will make you feel much better all round:

  • Self-reflection – Take some time each day to consider how the day has impacted you and to think about your responses to the events that occurred. Self-awareness can help us to recognise our fears and nip them in the bud so that we can refocus our energy
  • Find the positive – Whilst we can’t control events, we can control how we choose to perceive them. Look for the good in situations and where your reaction to an event is automatically negative, take some time to work out whether there might be an opportunity there rather than a threat. If you have had a bad day, focus on one thing that you are grateful for
  • Eat well – Healthy eating not only helps to build your immune system but will also give you more energy and help you to concentrate
  • Take time out – It is down to you to find your own way to create a sense of calm and allow yourself the head space for clear judgement. Some great ways to give yourself downtime for reflection are:
    – Exercise – Whether it is walking your dog, ten minutes of sit-ups, or an hour of cardio, this can be a great way to relieve stress and promote those feel-good hormones
    – Contact with others – Try to make time to engage with those who make you smile or laugh, the people in your life who are supportive and have similar interests. Whether a quick message, a video call or a socially distanced coffee, a chat with someone you care about will give you a boost
    – Relaxation – We each have our own preferences for powering down. Yours might be a long, hot bath, a cuppa in the garden or some meditation; whichever one allows you to exhale, make the time for it.

Business care

Just as with self care, whilst some level of concern about the future of your business is both healthy and helpful, panic is not. Now is not the time for knee-jerk reactions; dramatic changes in direction, for some businesses, have been both necessary and fruitful – but decisions should be taken objectively and with a clear mind.
We have found ourselves launched very suddenly into a low-touch economy, where person-to-person engagement has been minimised, payments are contactless, purchases are delivered to our doorstep and video calls have become the norm.
These changes are widely considered to have been inevitable – COVID 19 has simply accelerated them greatly. There are some things you can do, with this in mind, to ensure the future of your business:

  • Look at your customers’ needs – What are your customers struggling with? What are their challenges? If you can find that out – through listening to them, asking them questions or engaging on social media – you can adjust your offering to gain some competitive advantage. It doesn’t necessarily mean a product change, it might be as simple as taking card payments rather than cash; being able to support them with finance or staged payments to spread their financial outlay; or supporting them with advice on your specific area of knowledge or expertise through an online chat platform.
  • Consider your long-term objectives – Does your strategy still work in light of COVID 19? Review what you set out to achieve within the next 6-12 months. If your marketplace has changed so dramatically that you need to steer in a new direction, look at your options and set some alternative strategic goals and break these down into tactics and then bite-sized actions. If your long-term goals are achievable but not within the time frame you set, then review your plans for the coming year; perhaps hold off on larger investments, or look at reducing overhead costs in line with a more realistic projection. If you are lucky enough to be in a position of opportunity, then now is the time to get ahead; experienced and highly skilled personnel have become available as a result of the unfortunate staff cuts some businesses have had to make – you might scoop up someone who can take your business to the next level.
  • Give yourself a break – The past 6 months have been extremely challenging. Whether you have been at the heart of sudden demand for your service or whether your business levels nosedived, the pressure will have taken its toll. Both you and your team deserve some collective recognition for what you have achieved together, as well as some down time.

COVID-19 has created very sudden and unforeseen challenges; some of those leading to opportunity, some leading to the collapse of both businesses and peoples’ lives. Most of us have spent the time somewhere in between, trying to make the best of things and waiting for the economic and social landscape to improve.
As things stand, this may be as normal as we get for a while, so if you are looking for financial support or business advice, we can help with that. Ease a little of your load and talk to us – you never know, it might be one more step back to normality for you and your business.

Making tough business decisions during lockdown

Anyone who’s been running a business for long enough will tell you that making tough decisions is often something that comes with the territory. But the recent coronavirus crisis has caused more worry and stress for many business owners than ever before.

As we start to resurface from lockdown and as our businesses start to return to some sort of normality, the ‘new normal’ as this is being commonly nicknamed, many people will face difficult decisions, perhaps ones that they have been putting off for years. Read our latest article discussing some of the difficult business decisions that may have to be considered during this unusual time and how Kirkwood Wilson can help you.

Time for a change?

As the Coronavirus pandemic has completely rewritten most of our standard everyday work lives, the enforced break from our day to day business lives will have caused many people to question whether there is opportunity to change the ways things are done.

Will we travel quite so much? Will we arrange meetings or connect remotely? Will we spend more time at home? Will more of our business be conducted online? Is our website up to standard? How many people do we need in our team? Is every member of the team contributing?

Many business owners during this time will find themselves accessing all aspects of their business and considering the potential for changing some of their processes, whether they like it or not.

Advice from Kirkwood Wilson

It can feel overwhelming to be faced with so many difficult decisions, particularly since many of these decisions are time sensitive and can make the difference between survival or failure.

For this reason, here at Kirkwood Wilson, we see our role with our clients as developing into an even more advisory service. With sophisticated software, we can help you look into the future, planning a number of ‘what if’ scenarios to ensure that you have considered all avenues.

We can help with the difficult decisions regarding staffing levels and offer advice in terms of ‘future proofing’ your business.

Perhaps most importantly, we can listen to what you want the future to look like and how you would like the business to work for you. If you would like a chat about this, we are offering a number of free time slots to provide more in-depth information and advice on whatever you feel you need guidance on.

To learn more about this service, get in touch with us today and learn more about how we can help you and help to guide you through these difficult times.

Financial Planning at Kirkwood Wilson

Why staying close to your accountant matters now more than ever

Having a supportive accountant on hand to listen to any of your worries goes a long way. Most importantly, since all of our lives have turned upside down in the last few months with the impact of Covid-19, knowing you have the support and guidance of your accountant on hand is really important. Read on to find out why we, at Kirkwood Accountants, believe having a personal relationship with your accountant is so important.

Importance of having a supportive, personal accountant

As ultimately, the job of a personal accountant is to ensure you have accurate financial statements and receive advice on methods to save money and increase revenue. Having a close relationship with your accountant will help relieve any financial worries or stresses you may have.

As businesses from a wide variety of industries have seen significant impacts to normal operations, accountants like us at Kirkwood Wilson have been able to work very closely with our clients during these unprecedented times.

With government schemes, like the furlough scheme, business rates relief and VAT payments deferral scheme, having a local, personal accountant that you have a close relationship with gives you that ease-of-mind that you’re doing everything by the book whilst getting the most return.

At Kirkwood Wilson, an accountants based in the North-West, we have maintained very close relationships with our clients during the past few months and look in immense detail at everything that has happened.

Reasons why you should stay close to your accountant

During the coronavirus pandemic, we made sure we kept in touch with our clients and we strongly believe that this close relationship benefited them in many ways:

  1. We had a firm pulse on government schemes and announcements, meaning we were able to advise accordingly and accurately
  2. We are always on hand to help people and businesses to make positive decisions
  3. We are always available to listen to any concerns and provide financial advice.

1. Firm pulse on government schemes and announcements

With an unprecedented array of government schemes and business announcements being introduced, it is difficult to know which scheme applies to your business and which does not. With the Bounce Back Loan Scheme and Coronavirus Business Interruption loan scheme both applying to different business types, it can be difficult to know which one is best for your circumstances.

Our team of accountants understand you and your businesses situation and can effectively do the hard work for you. By having a close/personal relationship with your accountant, we’ll always try and do as much as we can to support you during these uncertain times.

2. Support you to make positive decisions

Having a personal relationship with your accountant enables you both to work efficiently together and talk through the next steps your business needs to take. Choosing a local accountant, who gets to know your business and industry well, can be so much more than just managing your books.

3. Always on-hand to listen to any concerns

Finally, having a close relationship to your accountant will only become more and more important over the coming months. With talks about a second wave and other concerns, talking with your accountant can help provide you with ease of mind and come up with a plan and forecast for future action.

Personal accounting specialists – Kirkwood Wilson

At Kirkwood Wilson Accountants, we aren’t just your local accountants, but are here to support you every step of the way through these unprecedented times.

If you fancy a chat or to understand more about how we forge close relationships with clients, contact us today.

Future-proofing your business with Kirkwood Wilson

Future-proofing your business with Kirkwood Wilson

Here at Kirkwood Wilson, we’re a ‘glass half-full’ bunch. We focus on the positives, regardless of what life might throw at us or our clients, we always search for every positive where we can. However, since the outbreak of Covid-19, there’s no denying that we’re living in unprecedented times. Factor in Britain’s departure from the EU and the future for many UK businesses is looking a little scary.

The importance of planning

Now, more than ever, it’s imperative to plan for the future of your business. We’re not suggesting that we get out a crystal ball – no one can know exactly what’s around the corner – but what we can do is plan for most eventualities.

There are 2 main considerations for this:

  • Business continuation
  • Cash flow.

By now, with the nudge-along from Covid-19, a lot of businesses have taken a large part of their operations into the cloud, which we’re very proud to say we’ve helped many clients get stuck into the digital world. This means that for a lot of businesses, say hypothetically if a total lockdown were imposed again, some of these businesses could continue as normal (or as much as possible) throughout this next period. Apps and digital accounting software have enabled so many people to be unleashed from the power of paper – hurrah!

The importance of cash flow management

The other important consideration is cash flow. It’s one of the things that we, as accountants, live for (and go on and on about – a lot).

Think of cash flow as a lovely plant. Get it right and your business will flourish. Get it wrong and your once lovely plant will wither and die – how dramatic! Your business grows, you grow. You’re happy, we’re happy!

In the most basic sense, you need to make sure that you have more money coming in that you have going out. This is the crucial point of cash flow management. Understanding how your cash flow is doing can help prevent issues like buying in too much stock, general overspends, and long payment terms. By getting on top of your outgoings means you will naturally have more money available should the worst happen.

Here are some of the positives of staying on top of your cash flow:

  • You will be able to make informed decisions about your business
  • There will be funds available if you encounter any unexpected glitches (like say, a pandemic!)
  • You will naturally feel more in control of your finances, which in turn will make you happier and more positive
  • You will be able to spot any issues in cash flow, i.e. when you might have cash in abundance or when cash might be a bit tight.

Good cash flow management will help you future-proof your business, making it crucial for helping you to nurture your business.

How WE can help YOU

At Kirkwood Wilson, we help our clients take back control of their business. We don’t just work for you, we work with you and help you thrive. We are providing cash flow forecasts more and more, enabling business owners to put the right plans in place for them (taking away all guessing and not just what they can afford today).

We want to help businesses better manage their cash flow – do you need help? We want to help people grow, raise their ambitions and realise their potential. It’s what we do, it’s what we’re good at, and it’s what we’re passionate about.

Don’t look at where you’ve been, look at where you’re going, and we’ll help you every step of the way. Get in touch with us today to learn more about how we can help you.

Pressing the pause button on life

Pressing the pause button on life

Since the outbreak of Covid-19, business owners have worked harder on their businesses than ever before. Whether that involves hard work to keep up with demand, or hard work trying to keep afloat, everyone has definitely worked to their limit. Throughout the Covid-19 pandemic, we have all been thrown into unprecedented circumstances, meaning that we have had to adjust our processes and business procedures like never before.

The new normal

And now that ‘normality’ is slowly returning, here at Kirkwood Wilson, we are speaking to more and more people who are feeling burnt out with the stress of the last few months. We have been advising people to slow down and take stock.

As we have all been through very unusual circumstances in recent months, it is important to slow down our thought processes, limit our stress levels, and pause for a moment. As many of us know, some of our best ‘light bulb’ moments often happen when on a walk or in the shower, usually when you are away from your desk or laptop and having a moment of rest.

Whether you’ve been busier than ever before or your business has been so quiet that you may have thought about closing down, now is the time to hit pause and take a look at everything that has happened, what could happen again, and ways in which we, your accountants, can help.

Kirkwood Wilson are here to help

We are proud to say that we have helped so many clients to get their business fully set up in the cloud, with Xero, ReceiptBank for bookkeeping, stock systems, appointment software, invoice chasing software, virtual meeting software – you name it, we’ve done.

We recommend to our customers that by building up your bank of business apps, the easier it is to stay on top of all your accounting requirements. All of these types of apps and software help with the day to day running of your business online, sometimes eliminating the need for any extra staff, sometimes even eliminating the need for a business premises. What a saving that would be!

The biggest addition to our own ‘app stack’ is Futrli, which helps to manage cash flow which in turn helps you to better manage your business and do what you love.

In these new ‘different’ times, automation of so many simple tasks is one of the main priorities for many business owners. Without doubt, these are difficult times, for many different reasons. We recognise this, and we are here to help.

If you would like help putting together your own digital support please just get in touch with us today. We can help and advise on the best software and apps available. Call the team today on 01704 546000.

digital tax for individuals

6 benefits of hiring an accounting firm for your business

As part of having your own business, it is expected that you manage the accounts to balance the books. While this is something that many business owners take on as part of their ownership duties, as your business grows, it can be somewhat difficult to stay on top of as the accounts can often become exponentially complex. There are many reasons why you should hire an accounting firm for your business, which will not only save you money but save you hours and hours of wasted time trying to understand those difficult numbers. When wondering ‘why hire an accounting firm’, you should see it as an healthy investment and something that will benefit you in the long run.

1. They save valuable time

As a business owner, or a manager of a business, your role will often consist of a variety of different tasks that will take up a lot of your time. It is often due to this that it becomes hard to have control over all aspects of the business. The business account is one of the most important areas of a business and ultimately determines whether the company is in a loss or a gain.
By hiring an accounting firm for your business, you can put your trust into someone else to take care of this crucial aspect of the business, ultimately meaning that you will save a lot of time and worry.

2. They are the tax experts

Tax returns may seem straightforward but, as many of us can relate to, they often are much more complicated.
There are a variety of ways that you can reduce your tax bill, as well as submit your tax returns, and as a business owner, it is unlikely you have the time or the expertise to utilise such methods. This is where a qualified accountant can be your knight in shining armour.
Accountants are experts in all aspects of taxation and they know the best way to slash your tax bill and free up additional funds for you to reinvest as you see fit. By hiring an accountant, you will manage things in a much-controlled manner.

3. Efficient in terms of cost savings

As part of the role of an accountant, they are in charge of managing the finances for a business and will often notice where money is being unnecessarily spent. It is fairly common for businesses to just accept expenses as part of their monthly outgoings and won’t review whether what they are paying for is necessary.
This is where your accountant would notice this outgoing and flag it to ensure you aren’t overpaying for resources or services.

4. Offer financial advice

Accountants are knowledgeable about all aspects of business, meaning that they are able to offer advice about everything from financial acquisitions to day-to-day business operation. As they will see your financial statements and numbers on a daily basis, they will know the best recommendations to make based on the financial situation of your business.
They can offer advice and tips on cost-cutting and help surge your growth and offer long-term benefit advice.

5. Can rescue you from accounting issues

It takes years to qualify as an accountant, which says something about the complexity of the job. It isn’t something that any of us could start doing on a whim and be a huge success at as we don’t have the extensive knowledge that accountants have.
It is often when people who don’t have the knowledge attempt to do such accounting tasks that mistakes happen. An accounting mistake can be extremely problematic as they could end up costing you thousands of pounds in revenue and might even be the end of your business. This makes it even more important to hire an accountant that you can trust with the finances of your business.

6. Knowledgeable on the software

Not all of us are wizards when it comes to technology; quite frankly a lot of us struggle when it comes to dealing with innovative software and this is what makes accountants even better!
Accountants know all aspects of software, especially the parts that are confusing and hard to understand. Especially with the surge of popularity for digital accounting, accountants can help you reap the advantages of new financial technology.

Why hire accounting firm like Kirkwood Wilson?

Here at Kirkwood Wilson, we are proud to say that we are a local accounting firm who are on-hand to support our clients through every aspect of their business. We are here to help, whether you are looking for business advice or assistance with some financial queries.
As experts in digital accounting, and digital accounting software like Xero, we are here to facilitate your every need regarding your business finances. So if you’re wondering “why hire an accountant for your business”, we say hire Kirkwood Wilson and see how we can benefit your business.

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What to consider when choosing your accountants

It is important to bear in mind that choosing an accountant that is right for your business is not always an easy process; after all, as you will be handing over your finances to this accountancy firm, it is essential you choose a company you can trust. Here at Kirkwood Wilson, we thought we would help you with this process and advise on some things to consider when you are choosing an accountant.

Ask around

A famous adage that never goes out of fashion: ‘word of mouth’. This still stands as one of the most popular forms of referral in various industries. Many people rely on word of mouth recommendations as it is thought to be one of the most trustworthy sources of information, so ask your business connections.
If your business contacts are happy with their accountancy firm, they are likely to place you in the right direction. Some people find it easier to follow recommendations from people they know, so be sure to keep your eyes and ears open and see if any of your contacts can recommend any accountancy firms.

Do some detective work

No matter how many glowing recommendations you receive about certain accountancy firms, when you are choosing an accountant, you should be doing some detective work of your own. Hop onto Google and find their website. You want to look at the accounting services that a firm offers and see if it is suitable for you and your business needs.

For example, if your business operates through digital accounting software, you won’t want to pick a firm that hasn’t branched out into this service yet, as you will just end up back at square one.

Think local

When you are choosing an accountant, you want to think about locational factors.
Picture this: you’re sitting at your desk and suddenly you have a huge accounting issue and don’t know how to fix it. What do you do? Pick up the phone and try to solve it?
This kind of example is exactly why having a local accountant comes in very useful. You can just quickly pop round the corner and have your problem solved with a click of your fingers. By choosing an accountancy firm that is local to you, for example an accountants in Lancashire, you can rest assured that your needs will always be met and any worries will be eased immediately.
Here at Kirkwood Wilson, we are happy to say that we strive as local accountants in Lancashire. Many of our clients are situated close to us and always comment on the assurance that they get knowing that their accountants are a mere few miles away.

The relationship with your accountant

As with any encounter or partnership in life, when choosing your accountants, you want to feel comfortable with them. When you make the decision to commit to an accounting firm, it is a decision that should not be taken lightly. You should be sure that you feel comfortable with the firm and feel at ease that your finances will be handled in the best possible way.
This is why it is important to ensure, when choosing your accountants, that you pick a firm that sets you at ease and stands out from the crowd. Here at Kirkwood Wilson, we are proud to say that we work hard to ensure that each relationship we have with our clients is a deep and meaningful one. We want our clients to feel comfortable picking up the phone at any time and just giving us a call. After all, their commitment to us is what makes us strong.

To learn more about Kirkwood Wilson and the services that we offer, just get in touch with us today and see how we can help you.