If you are self-employed or have your own business, then having an accountant can be
extremely beneficial for a long list of reasons. Using an accountant will undoubtedly save
you lots of time as they can take care of important financial functions for you such as
bookkeeping, payroll and tax returns.
As your business expands and gains more traction, your accountant will become increasingly
more vital to the running of your business. Accountants cover important areas such as tax
compliance, financial reporting and submitting accounts. To put it simply, a good accountant
can provide you with important financial advice which will help you to make key decisions as
well as save you money.
Does My Small Business Need An Accountant?
Unless you are planning to keep your business to a small scale, you will find that as your
business grows, the accounting requirements will soon become greater and likely require
time and knowledge that you do not have. If you yourself are not a trained accountant, this
could take up lots of your time and you could also make some fatal mistakes.
Basically, if you are looking to expand your company, or are spending a few hours a week on
your accounts, it’s time to get an accountant on your side.
What Can An Accountant do for me?
An accountant can provide a wide range of financial services, including –
Bookkeeping
Financial compliance
Growth management
Tax returns
Payroll
VAT Returns
Business planning
Having an accountant will also reduce your tax liability and prevent fines as they are fully
compliant with the law and are used to meeting deadlines. Therefore, as well as saving you
time, having an accountant can also give you peace of mind around taxes and deadlines.
If you have an accountant, you will have more time to focus on the other important
elements of your business. Accountants can also help save you money. The benefits of using
an accountant are endless.
How Do I Find An Accountant?
Finding an accountant is pretty simple. The best and easiest way is to do your research.
Make sure to read testimonials and ensure that they offer the services that your business
needs.
Most accounting can be done online, and you can communicate with your accountant via
emails, video calls or telephone. If you’re happy to work with them in that way, then you
don’t need to worry too much about where your accountant is located. If you’d prefer to
collaborate face-to-face though, it may be easier to use an accountant who is local to you or
at least willing to travel to where you are based.
How Can I Ensure That My Accountant Is Right For Me?
To ensure that your chosen accountant is right for you, be sure to have a thorough
discussion with them about what your business needs before you decide to make the
investment.
Finally, it is important to discuss their fees. What they will charge you will depend on how
many services they provide your company with. Some fees will need to be paid monthly
(such as bookkeeping or annual accounts), however other services may be charged by the
hour.
Remember that accountants are meant to save you money overall, so make sure you are
happy that their services are delivering enough value to meet your business’s financial
needs.
To Conclude
Thank you for reading this article and we hope you have found it useful.
If you are looking for an accountant, please consider having a browse through our website. We offer many services and have received great feedback from our clients. Day by day we are growing, and we are so passionate about helping businesses. So get in touch with us today.
Book your free 30-minute consultation call today by clicking here and choosing a time and date that suits you.