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How to find a good accountant


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#1 22Fruitmincepies

Posted 13 February 2017 - 03:21 PM

We need an accountant to take care of tax. DH has tried using accountants before, but they apparently always miss things and don't do as good a job as he does. However he is so busy at work, and it becomes such a huge burden on him, so we need to find someone brilliant that can take the burden off him.

DH pays a lot of tax, and it is slightly complicated (complex investments etc), so it is worthwhile finding someone good. But how? So far word of mouth has not worked for us.

#2 Sassy Dingo

Posted 13 February 2017 - 03:51 PM

Does he have an industry organisation? Sometimes accountants have good relationships with the industry body.

Professional magazines will often have ads at the back. If an accountant is targeting the purchasers of the magazine they probably have experience in his area.

#3 22Fruitmincepies

Posted 13 February 2017 - 04:16 PM

I think he will need to ask around at work, but he is having trust issues thanks to a previous experience, and is currently too busy to have those sort of chats. We did though recently see a lawyer for estate planning, he was referred by someone at work and was excellent. DH works in finance and is very financially literate, which I think adds to the problem.

We also need a lawnmower man, but I think that will be easier to organise.

#4 CallMeFeral

Posted 13 February 2017 - 04:22 PM

Where are you located - perhaps someone here could recommend?

Depending on whether you are willing to pay through the nose, you could approach the big accounting firms - usually they will have an area that deals with high net worth individuals, if you are willing to pay exorbitant prices for it. They would at least be experienced in complex investments and have senior staff who are very cluey who will oversee things that the juniors do.

#5 22Fruitmincepies

Posted 13 February 2017 - 04:28 PM

View PostCallMeFeral, on 13 February 2017 - 04:22 PM, said:

Where are you located - perhaps someone here could recommend?

Depending on whether you are willing to pay through the nose, you could approach the big accounting firms - usually they will have an area that deals with high net worth individuals, if you are willing to pay exorbitant prices for it. They would at least be experienced in complex investments and have senior staff who are very cluey who will oversee things that the juniors do.

We are in Perth. It would be worth paying whatever I assume, since the accountant fees are tax deductible I seem to recall?

I think when you go to one of those big firms, you do want an 'in' so you are not just another number. That was the good thing with the lawyer last week - the first couple of minutes was chat about the people they knew in common. The lawyer knows that if he does a good job DH will in turn recommend on, so it is worthwhile putting in a bit extra effort/charm.

#6 Mands09

Posted 13 February 2017 - 06:21 PM

It would be worth asking the estate planner if they have any recommendations. We went through 3 very crap to mediocre accountants in the space of 18 months before our lawyer drafting our wills made a recommendation and they have saved us almost a staggering amount already in a short space of time. Not cheap but worth it when you have complex setups.

#7 22Fruitmincepies

Posted 13 February 2017 - 06:29 PM

View PostMands09, on 13 February 2017 - 06:21 PM, said:

It would be worth asking the estate planner if they have any recommendations. We went through 3 very crap to mediocre accountants in the space of 18 months before our lawyer drafting our wills made a recommendation and they have saved us almost a staggering amount already in a short space of time. Not cheap but worth it when you have complex setups.

Oh thanks, that is a good idea! DH deals usually with people working purely on the commercial side of things, so doesn't have contacts in general with people working with individuals.

#8 PrincessPeach

Posted 19 February 2017 - 08:19 PM

View Post22Fruitmincepies, on 13 February 2017 - 06:29 PM, said:



Oh thanks, that is a good idea! DH deals usually with people working purely on the commercial side of things, so doesn't have contacts in general with people working with individuals.

A lot of those working in commercial can often recommend someone who does the smaller work & vice versa.

Our firm does majority of smaller work, we refer bigger work on to x firm & they refer their smaller work back to us. It's a win win.




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