If you are just starting out in business, you may not have considered looking at accountants as yet, believing that your business is far too small to even justify having one.
However, did you know that an accountant is not just there for the large established businesses? Consulting with an accountant before you set up your business enables you to make sure you are choosing the right business structure for your venture.
Why do I need an accountant?
We don’t just do accounts once a year – we can provide everything you need from the inception of your business idea to helping you create a comprehensive business plan and ensuring sound financial planning.
Getting it right from the outset is paramount to the future success of your business – read our guide here about starting a business.
The advice of an accountant will help you address any future challenges for your business. Having an initial chat about your venture with an expert may help to highlight any funding or free training for your chosen industry. In addition, accountants often work with other specialists, for example insurers and commercial finance with whom you may need to consult.
If you are looking at taking on staff in the near future, you will also need to ensure you are running a compliant PAYE and auto-enrolment scheme and an accountant will take care of all of this for you for a modest fee.
The experience of an accountant in your chosen industry is invaluable, as is their ability to give you sound advice to help future proof your business, as well as saving you time in running your business and reducing tax liability.
When looking for an accountant, try to find one that is friendly and approachable that will do all of the above for you, leaving you free to concentrate on growing your business.
Finally, a good accountant should always ensure that you are taking advantage of any tax reliefs for which you are eligible which can benefit the growth and investment in your business, as well as ensuring that your submission dates are met to avoid incurring fines or penalties.
For the past 25 years we have gained expert knowledge and experience in the local area in multiple sectors so there isn’t much our team haven’t dealt with.
If you are thinking that now might be the time to get a bit of advice before taking the next step, contact us for a free, no obligation chat on 01244 400315 or email [email protected].
Don’t just take our word for it – take a look at our testimonials – we have helped lots of little acorns become great oak trees.