You may have heard about chartered accountants in Dundee, but you may not familiar with the work they do or what the differences are between accountants and chartered accountants. This is a common misunderstanding amongst businesses looking for accounting services, and an important distinction to be aware of as it’s not just a fancy title with the same profession!
There is no legal reason why anyone cannot call himself or herself an accountant. However, a chartered accountant is someone who has undergone the necessary training – this consists of a minimum of three years of in-depth study and they must have also passed a series of stringent examinations in taxation, business strategy, auditing, and financial management.
So, while a standard accountant isn’t necessarily going to provide a bad quality service, with a chartered accountant you can rest assured they have the experience you are looking for and will be able to provide advice on how to manage your business finances and grow your company.
Chartered accountants are also committed to their professional development, meaning they will stay up-to-date with the latest news in the industry, enabling them to able to provide you with the best possible service.
Chartered accountants in Dundee are also required to hold professional indemnity insurance and a practising certificate, despite the fact that all accounts are bound by the same law. So while accountants and chartered accountants may offer many of the same services, a chartered accountant will be able to use their experience to go the extra mile. You can also have peace of mind knowing they have undergone the required training and that they are constantly striving for improvement.
If you want to be sure of the best possible service, our Dundee-based team at MMG Chartered Accountants is here to help! We offer wealth management services, business planning and growth strategies, taxation, online accounting, and much more. For more information, head to https://mmgca.co.uk.