24 Jul How to find a good accountant
If you run a small business or are otherwise self-employed, then having an accountant can bring many advantages. At the most basic level, your accountant can free up more of your time by handling key functions such as bookkeeping and tax returns. As your business grows, your accountant’s input will become progressively more significant, covering essential areas like financial reporting, compliance, payroll, tax efficiency, business planning and more.
Above all, a good accountant provides you with the reliable financial information you need to make key decisions, helping your business to grow faster while saving you money.
Do I need an accountant for my small business?
Unless your business remains very small, its accounting requirements will quickly become too much for you to handle alone. Furthermore, if you are not a trained accountant, this can be costly both in time and money, as you will take longer and may make costly mistakes. Broadly speaking, if you find you are spending more than four hours a week on the accounts, or have plans for growth, then it is time to engage a professional.
What can an accountant do for my business?
Having an accountant frees up your time so you can focus on what you do best. It also cuts the risk to your business by reducing the likelihood of errors in tax, financial reporting and compliance. An accountant can also actively save you money in many areas by increasing tax efficiency, improving cash flows and sourcing funding. In addition, he or she can provide invaluable general support by offering general business advice, discussing your ideas and stress-testing business plans.
Here are some of the services your accountant can provide.
Bookkeeping
Helping you pay the right amount of tax
Improving tax efficiency
Financial compliance
Creating / developing your business plan
Sourcing funding for growth
Growth management
Extracting value from your business
Exit planning
If you need help, just call us and we will take care of things for you.
AK Sharma & Co – Small Business Accountants Birmingham
Find us at 61b, Caroline St, Jewellery Quarter Birmingham
https://aksharmaandco.co.uk/
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