The Benefits of Hiring an Accountant for Your Small Business

Accountancy services are available in many forms and can be tailored to the needs of any business, whether big or small. We often find that smaller businesses who don’t possess the required in house expertise to oversee their own accounting processes stand to benefit the most from an accountant.

As specialists in small business accounting, we can provide you and your business with the guidance and expertise that you need to succeed and continue to see growth. Here are several ways that we can help you by the provision of a variety of accounting services.

  1. Tax Advice

Taxation is often the single largest hurdle for many small companies, whether the application of VAT or end of year tax returns. HMRC provides a significant amount of guidance on these topics but we find that delving into the detail and ensuring that you obtain the information that is applicable to you can be daunting.

Our core service offering includes tax services which are designed to explain to you exactly how you are able to fulfil your tax obligations as a business in the most beneficial way to you.

  1. Tax Preparation Services

As an experienced tax accountant, we can take ownership and responsibility for compiling all of the necessary paperwork throughout the financial year, in preparation for submitting your end of year tax return.

This includes small business bookkeeping where we will assist you in gathering receipts and invoices so that they are present when we require them. Once your tax return is due, we will then compile and submit it on your behalf, leaving you in full compliance of your tax responsibilities as a company.

  1. Driving Business Efficiency

Our small business accounting services are designed to streamline your company, identifying processes which are unnecessary or obsolete with the goal of lowering your overheads and expenses.

We find that there are usually considerable savings to be made simply by tweaking existing systems and making the operation of your company more efficient. This includes reducing unnecessary expenditure and ensuring that outstanding invoices are paid to you on time.

  1. Managing Complex Accounting Tasks

Depending on the nature of your business, you may find that you are often involved in transactions or need to oversee accounting processes that require specialist knowledge. And if you do not possess the required knowledge, completing these tasks can often be time consuming.

As a business accountant, we can assist you with making and receiving large payments, managing recurring payment schedules, operating your payroll systems and ensuring that your financial affairs are always up to date and accurate.

  1. Small Business Advice

Having worked with a vast number of businesses, we can provide you with a range of general advice and guidance. Whether you’re considering an acquisition of a new company or wish to expand organically, we can provide you with guidance on the best way to achieve your aims.

Barron & Co Ltd: Your Local Chartered Accountants

We possess extensive experience in providing bookkeeping services for small businesses in addition to a range of related accountancy services and can adapt to the needs of your business.

Hire us as your accountants in Birmingham by calling us today on 0121 426 4155 or by visiting us at our office which is located at Abacus Court, Bull Street, Harborne, B17 0HH.