Why hire a chartered accountant?
When setting up a business, you may not have even considered hiring a chartered accountant, however, failing to take this into consideration could be one of the biggest mistakes you make upon starting out. Keeping on top of your bookkeeping in terms of budgets and expenses can be a challenge when you are new to the business world, but the expertise of an accountant will ensure that you are both fully prepared and organised on a day-to-day basis.
Here are some key reasons why you should hire a chartered accountant:
1. Saves you valuable time
Running a business can be extremely time-consuming, therefore hiring an accountant to manage financial tasks can take a huge weight off your shoulders. Accountants can manage aspects such as recording receipts and even more complex tasks such as completing your tax returns; both of which can take hours of time that could be spent on other business needs.
2. Managing stressful financial tasks
If you are new to the business world and are struggling to get to grips with how financial tasks are completed, an accountant can take on these responsibilities, so you have the peace of mind that your finances are being managed correctly and efficiently. Crucial mistakes could cost your business thousands of pounds, therefore the assistance of an accountant can help to iron out any issues immediately and keep your finances on track.
3. Providing expert advice
An accountant can help keep your business costs to a minimum, by offering expert advice on where your money could perhaps be best spent. You may be keen to try new marketing techniques or other latest trends to help grow your business, but an accountant may be able to provide knowledge on whether or not such tactics are worth the huge cost. They may also be able to answer any other financial queries in terms of long-term plans for your business.
If you would like any further information on hiring a chartered accountant, please contact us today. We have offices based in Seaford and Uckfield and provide our services to areas in and around the Sussex area.
To discuss your business accounting needs in Sussex get in touch with our Business Services Partner Robert who can discuss the change with you:
Tel: 01825 763366
Self assessment tax returns, what you need to know
We are fast approaching the self assessment tax return deadline. If you are self employed or in receipt of other income or gains, you will need to file a return and pay over your tax liability. This article will discuss who needs to complete and file a self assessment tax return
Making Tax Digital – are you compliant?
Making Tax Digital will become a reality in 2019, after a series of delays and debates. From the 1st of April many businesses will have to comply with new processes. In a series of changes to the tax system, HMRC is hoping to bring about a more efficient, effective and easier process for businesses and individuals.
Sign up to receive our private content
straight to your inbox