Accountants advise: Do it! That way you know you are covered. I have lost many sales from Accountants advising their clients not to buy and seen many unhappy buyers loosing out on a sale because an account has breezed over the figures and said no don't buy! But at least if you do take the plunge and buy anyway after you have had that advise you are assured you did get advice if something does go wrong. After all your accountant is paid to look after you and professional accountants will ring us or the vendor's accountant to get the full story of the business!
There are good and bad accountants just like there are good and bad brokers. It's important to check the licenses of all your professional people. Find out how long they have been in the profession and their experience in that field before engaging them.
We work with both the accountants while selling the business and are more than happy to answer all questions relating to the business in question. We will also arrange appointments for your accountant to speech with the vendor's accountant if required.
It's always wise to stay with the accountant who handles the business you are purchasing, that's if he is a helpful accountant, if he knows that business well. It's a big plus to continue on with him, after all he is the one that will advise you when you are ready to sell.
