If you’re starting a new business, you want to keep overheads to a minimum – finances can be tight at this crucial time, and you need to know what’s essential for your business and what is not. Some people think that it will be easy to sort out their own finances, but as your business grows, you could find it more of a headache doing your own books than paying a qualified accountant to do them for you.
Hire the Experts
Accountancy firms have years of experience in dealing with payroll, accounting, tax returns and bookkeeping, so it makes perfect sense to hire a qualified accountant to assist you in keeping on top of your finances. For the newly self-employed, income tax can be a steep learning curve and a bit of a shock to the system, but by using the services of a reliable accountancy firm, you can be sure that you’re fulfilling your duties when it comes to paying taxes. Most firms will be happy to advise you on what records you need to keep and can often provide you with basic bookkeeping software to assist you, or alternatively they can even take over the management of your accounts for you.
What can an Accountant do for your business?
A reputable firm of accountants will work with you to ensure that you fully understand your tax implications and how much money you need to be keeping aside for tax. Most companies are happy to support you whether you’re a multinational corporation or a sole trader running a small gardening business, and they will advise you on the best way to manage your records and finances. If you have any questions about tax or bookkeeping, your accountant will be there to answer them, and any reputable firm will be happy to provide you with a free quote upfront, before you take advantage of their services.
Conclusion
If you’re running a business of any kind, you really can’t afford to be without the services of a qualified accountancy firm – the advice, support and assistance they offer is second to none, and will make being self-employed a much more enjoyable and stress-free experience.
