London chartered accountants are preferably one of the finest and the elite corps of tax accountants you can actually envision to help you out of your financial woes in this post-recessionary period. However, since the recession took over, zillions of unaccredited London accountants and London accounting firms have mushroomed in the city, posing to help you out but actually siphoning off the finances into their own coffers for free.

However, there are some quick-fire steps to step aside these inferior chartered tax accountants and zero in on the real ones – for a budget much more modest and easy on the wallet than you would have thought. Here are some tips to make sure you are in the right financial arms while trying to expand your start-up empire!

• Certification Keeps a Long Story Short – There are some very authentic and authoritative agencies that certify and decorate chartered tax accountants in UK. Some of these include the all-important ICB (Institute of Certified Bookkeepers), ACCA (The Association of Chartered Certified Accountants), CIMA (The Chartered Institute of Management Accountants) etc. Once you have verified that the certification is right and exactly what you want – move on to the next point on the checklist.

• Experience – Most people often mistake start-ups as a practice ground for emerging London accounting firms. The finances and the management of the same may be on a lower level, but is nonetheless important and crucial to the firm in question. Make sure you hire a London accountant who knows his job, and has at least 5 years of experience to back up on his promises.

• The Trail They Leave – If the recession was a disaster for many, it has had its upsides too. One of them is to verify the authenticity and efficiency of chartered accountants and London accounting firms in UK. Check out what trail they have left before coming to your doorsteps. If the firms they have managed finances for are in shambles, look for other options before turning to such tax accountants. For a bad hire is more damaging than not hiring an accountant itself.

• Cost-Effectiveness – Affordability is not something that can be associated easily with London chartered accountants. For someone who manages your corporate finances, it is an obvious fact of the matter that he/she will demand to be paid the sky for. However, unless you are very sure, do not give in to such demands.

o This works the other way round as well – for if you need the experience of a veteran, hiring an amateur chartered tax accountant to curtail the budget is a sick mistake you will regret later.

Now, if you are sure that the London accounting firms you are hiring will provide both quality as well as cost-effectiveness in a parallel fashion, lunge for it.

For as the recession has shown in a shockingly effective manner, trying to fly high with your start-up without the wings of a chartered accounting firm can guarantee a crash landing in the very near future.