Internet Accountant or Traditional Local Agent: What type is right for me?

When selecting an accountant, the choice typically comes to two things – online accountants (who work remotely and are often part of a larger firm) or local accountants (a practice near you). The more positive way to look at it: they both have the experience. Which one is best for you will depend on how you work, the complexity of your finances and what kind of support you are looking at/developing. For Accountants Bath, visit Chippendale and Clark, a leading firm of Accountants Bath.

When You Will Need An Online Accountant

An online accountant usually suits you if you prefer fast, digital and efficient!

If you fall into this category of business owner, chances are an online accountant will suit your requirements better:

You are okay with email, phone and video communication

You would be using software like Xero, QuickBooks or FreeAgent

Easy to share your documents so no hard copy prints or posting

You have a standard small sole trader business or limited company.

Pros:

Often more flexible with appointments

Typically good in the areas of cloud bookkeeping and automation

Cost-effective at times especially steady monthly packages

Possible downsides:

Fewer in-person encounters (which some individuals lament)

The company might be so big that you feel lost in the crowd

Types of Clients Best Suited for a Local Accountant

Perhaps a local accountant if you want that personal touch or the option to sit down face-to-face.

A local accountant might be what you prefer if:

You enjoy running paperwork around in person

You have a more complicated business (VAT, payroll, multiple income sources)

Someone that knows your local area and understands who you are as a business.

Pros:

Benefitted by regular trust-building in-person contacts

Useful if you need directional input beyond the numbers

Does relating to the local area or community give extra points?

Possible downsides:

Office hour restrictions for appointments

Less tech-forward firms (though many are already 100% digital)

Questions to help you decide

Ask yourself:

Am I after physical facilitation or online/digital?

Is it year end accounts and filing a tax return, or do you require support throughout the year?

What are the busy reply time expectations?

Do they speak clearly using their own language or in plain English?

Bottom line

Decide to hire the accountant that makes you feel secure, as long as they cover your compliance obligations and work in a style that suits yours. Local or online doesn’t really matter but good communication, clear pricing and proactive advice does.