Like all small business owners who are looking to save money, you may think you can't afford an accountant or don’t need an accountant and therefore you take on the complex task yourself.
It's easy for businesses to see an accountant as just another expense and you might be tempted into thinking that you don't need an accountant. However, from business plans to company formation, submitting accounts to personal taxation, an accountant can make life easier for you at each step, take on key tasks and can be a key element in growing your business.
Benefits of an accountant
If you run a small business or you're self-employed, having an accountant can bring some advantages. Not only can they take on and manage key functions, but they can free up your time which you can then spend on running your business.
An accountant can help with things like:
· Payroll
· Bookkeeping
· Filing returns on time
· Tax / business efficiency
· Business planning
Are they the right accountant for you?
It’s worth meeting your accountant in person before engaging their services. You’ll be working closely together, so a personal connection is important. Ask about their range of services so you can ensure they’ll cover your needs.
All accountants will offer different packages and payment options so make sure you take this into account.
One-person band, small firm or larger firm
Is the size of your accounting firm right for your needs?
If you’re a contractor, sole trader or micro company, then a small firm might suit you best. But if you’re a much bigger company, you might prefer a much bigger accountant.
The location of your accountant
It does not matter too much where your accountant is based, as most work can be done remotely. But if you’re after regular face-to-face meetings or want the option of meeting now and again, it’s important to take the travelling distance into account.
There are many different elements to choosing the right accountant for your business, all which you should consider. If you’d like to find out more about the services we offer, speak to our experts on 01268 770099 and arrange a free consultation.