Accountants routinely get something of a bad rap. In Hollywood films, accountants are often regarded as synonymous with the words ‘dull’ or ‘humdrum’, but this is of course nonsense; one cannot be accurately defined by their job role alone, regardless of what it happens to be.
This is the most obvious and commonly spouted myth about accountants, so let’s take a look at a few others so that they can be settled once and for all.
1. Accountants are mathematics whizzes
If you have a small business, or you're in the process of researching business start-ups and company formation, you may think you have your finances under control. It's too early to invest in the services of an accountant to help you, right? Actually, wrong! It's never too early to avail yourself of the services of a dedicated accountancy team - here are just three of the many reasons why.
1. Prime your business for growth
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
Starting your company can be a very exciting time. You’ve had the idea to sell products or services, you’ve got a premises sorted out and you’re ready to get going in your day to day operation. However, one key aspect that many people forget is the documentation side of setting up a business. Here are a few of the core tasks, and what you can do to get up and running quickly.
Register the company
With a second England wide lockdown announced by the Prime Minister, Boris Johnson (PM), on 31/10/2020, the long road to economic recovery is about to hit another bump. Following this news, we quickly learnt that the Furlough Scheme was to be extended for a further month to cover this new lockdown period. With employees unable to work, again being able to claim 80% of their wages, those who were self-employed were left in a state of limbo: unclear as to what, if any, support was on the horizon.
This price plan is suitable for the start-up companies who are not VAT registered.
This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.
This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.
This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.
This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.
If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.
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