What can an accountant do for your business?
When you start a business, it can be overwhelming to think about all the different aspects you need to manage. An accountant can help you with your company’s finances – but it’s not just about submitting tax returns and managing payroll. Here are just a few ways an accountant can help your business.
1. Save you money
Many people think of an accountant as a business expense, but that’s not necessarily true. An accountant will help you manage your business finances more efficiently, which is likely to save you money in the long run. Think of your an accountant as an investment – not a cost.
2. Make sure your business is operating legally
This one is really important but is something that’s often underestimated. The legalities of business finance are complex – there are many rules to follow, and small mistakes can be extremely costly for your business.
It’s an accountant’s job to know the laws that relate to running a business, from a financial perspective. They can be a sounding board when you need advice and will help you ensure the way you manage your accounts is both efficient and legal. This can save you a lot of anxiety and stress, especially if you’re called for one of HMRC’s random tax investigations.
3. Give you time to do what you love
Unless you’re an accountant, we’re guessing you didn’t start your business because you love managing finances. You have a passion – a drive to make a difference somewhere – and started your business to do more of that.
Managing the company accounts is time-consuming, and takes you away from doing what you love. This often has a knock-on effect. When you spend more time on the tasks behind running a business, you’ll have less time to work on growing your business – which limits your capacity to grow your business. An accountant can take care of a number of tasks, from forecasting to bookkeeping and tax returns.
Why not contact us today to see how we can help your business?