As a business owner, do you really want to be spending your valuable time going through all your numbers and poring over paperwork? All in time for any impending tax deadlines?
Here are 7 reasons why your business should be using an accountant. Want to skip to a particular reason? Just click the list below.
Your accountant will…
1. Your accountant will save your time.
Your time is valuable. You should spend it on your business – not working out how to document and submit your accounts.
2. Your accountant will reduce costly errors.
Making errors on your accounts and books can lead to audits, investigations and costly penalties. HMRC can issue fines up to £3,000 per financial year for inadequate records – and this figure can snowball if it leads to inaccuracies on tax returns.
Accountants work to the letter of the law. One of the most important parts of our job is to follow any changes in tax legislation.
By using the services of a chartered accountant, you’ll greatly reduce the risk of errors in your accounts. Your accountant will help you deal with all regulatory and compliance requirements and ensure that any paperwork is in order.
3. Your accountant will save your money.
4. Your accountant will give you business advice.
An accountant doesn’t just crunch the numbers. They will have an intimate knowledge of your business and act as a valuable source of advice.
They could develop a strategy on how you can improve your cash flow, or advise on how to operate your business more efficiently.
Your accountant should also be able to help you write a business plan, help you with financial projections and reporting, and recommend any potential changes to the structure of your business.
5. Your accountant will project your financials.
As your company grows, you may need access to finance. Your accountant should be able to point you in the right direction.
6. Your accountant will keep fees fixed.
With a fixed fee accountant, you will know exactly what your outgoings will be from the outset. Your cash flow will be more stable and budgeting will be easier.
If you’re looking for fixed fee accountants in the West Midlands, you’re in the right place. Our fee structure has helped many businesses. Our rates are clear and competitive. If you have any questions about them, just give us a call.
7. Your accountant will give you 24/7 access to your records.
The ability to access your accounts at any time of day guarantees convenience and peace of mind. You won’t have to make the trip to the office anymore.
Many accountants now operate in the cloud, giving you access to your accounts 24/7. All you need is an internet connection.
At Appleby Mall, we use the popular cloud accounting software Xero. The program is known for being simple and easy to use. And if you’re having any issues with it, we have dedicated staff to help you out.
We could be your accountant.
We’ll tailor our service to what your business needs and work closely with you. We’re fast, friendly and reliable – with over 100 years of experience between our team.
If you want an accountant who will carry out all seven of these duties, give us a call on 01902 42 20 20. We’d love to get to know you and your business.