Four ways an accountant can grow your business
A lot of start-up businesses, sole traders and smaller businesses can assume hiring an accountant is a luxury way out of their means. Yes, it seems obvious an accountant can help you save some time, meet the deadlines of year end accounts and offer audit support services, but there is so much more a great accountant can offer.
We take a look at just a few of the ways an accountant can ensure you make cost-effective decisions and help your business grow.
Seeing it as an investment rather than a spend
An accountant is a truly positive investment for your business. Their expertise will help you recognise expenses you could be entitled to claim for as well as saving time with your bookkeeping, VAT returns and payroll, meaning you have more time to focus on other key areas of your business. In time, your accountant may not only increase your income but even end up paying for themselves!
Developing your business
Accountancy isn’t just about having someone who is good with numbers to scan over your books and figures. When you have a strong relationship with your accountant, they can advise you on much wider business decisions including forecasting, staffing structures for your company and long term financial planning.
Never risk a financial penalty
It can be tough as a business owner to keep up to date with all accounting paperwork when you are already working long hours running a business. When key details get missed such as tax breaks, data-entry errors and missing documents, you can receive tough financial penalties. Investing in an accountant removes this risk completely and gives significant peace of mind.
A full representative for your business
Do you hate spending hours on the phone to HMRC? Then you could save this time by handing over full management of your accounts! You will still be legally responsible for the accuracy, but your account can do plenty on your behalf from completing your tax return, filing accounts, managing PAYE and of course – communicating with HMRC.
If you’re a business owner trying to weigh up investing in an accountant, get in touch with us today to see how our team of experts can support you in growing your business further.