As a business owner, do you really want to be spending your valuable time going through all your numbers, checking the paperwork is correct and all in time for any impending tax deadlines?
Here are 7 reasons why you should be using an accountant in your business.
Your time is valuable and should be spent on your business and not on trying to work out how to document and submit your accounts. An accountant is a specialised professional with years of business experience working daily with businesses just like yours. A good accountant will save you time allowing you to focus on your business.
Making errors on your accounts could cost you in unwanted audits and fines. A professional accountant is well versed in tax laws and 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.
- Saving money
A good accountant will know the tax laws inside out and will be able to save you money where you least expect it. Your business may be able to claim certain benefits and if you don’t know what these are you will not be able to take advantage of them.
- Business advice
Your accountant will do much more than crunch the numbers. He will offer solid business advice including for example a strategy on how you can improve your cash flow and operate more efficiently as a business.
Your accountant should be able to help you write or develop your business plan and help you with financial projections and reporting. Advice on your business structure should also be part of the overall package offered to you by your accountant.
As your company grows, you may need access to finance. Your accountant should be able to point you in the right direction and help you to present any financial projections to your bank manager.
- Fixed fees
With a fixed fee accountant, you will know exactly what your outgoings will be from the outset. This will help with cash flow and budgeting going forward. Appleby Mall have a fixed fee structure that has helped many businesses just like yours.
Please do get in touch of you have any questions around fixed fees.
- 24/7 Access to accounts
Some accountants operate in the cloud, meaning that you can have access to your accounts 24/7 and wherever there is an internet connection. Appleby Mall use the cloud accounting software Xero which is renowned for its simplicity and ease of use
When it comes to choosing an advisor as important as an accountant you need to ensure that your business is in good hands. Appleby Mall have many years experience of offering excellent business advice to businesses just like yours.
Appleby Mall are approachable, friendly and very professional in their dealings. Please call us on 01902 42 2020 or contact us via this website.
We look forward to answering all your questions.