Finding Best and Qualified Accountants Services Description: Looking for a knowledgeable and experienced team of accounting professionals for you firms or for personal aids? Here you will get to know how you can find the best accounting professionals according to the described criteriaand references. When you are looking for an accountant, there is a variation of different professionals that can take on the title, In the UK, anyone can call themselves an accountant, even when they have no education or experience in accounting.This can have serious consequences for you, as you won’t be able to defend yourself if laws are broken, even when submitting income tax return filing. You should hire a professional, qualified accountant if the business is large or small. The requirements for qualification include passing exams set by professional institutes and having relevant work experience. Any professional accountants that are members of a professional accountancy institute has to show that they have insurance for both themselves and the client. They also have to follow the ethical code of the institute that they belongto. There are many qualifications that an accountant can hold and the main ones are listed below:
Chartered Tax Advisors (CTA, ATII or FTII) for tax related concerns. Chartered Certified Accountant (ACCA or FCCA) Chartered Accountant (ACA or FCA) Chartered Management Accountant (ACMA or FCMA) Certified Public Accountant (ASPA or FSPA)
For example, if your accountant makes a mistake, you won't be the one to suffer and can complain to an institute. However, if they do not follow high standards, they can have their membership revoked. The two accountancy bodies are the Chartered Association of Taxation, who use the initials FCT or FTA after a name, and the Institute of Chartered Accountants in England and Wales which uses FCIA.