What Value Do Accountants Add to a Small Business

If you are running a small business or you’re a sole trader, you may believe it’s cheaper to do your own accounts. But dealing with profits, losses and taxes can be challenging if you’ve no knowledge of accountancy. This is where you’ll benefit from the services of a qualified accountant.

Hiring a small business accounting expert will help your business to progress in several positive ways, here are some of the main reasons to work with an experienced chartered accountant.

Complicated Forms & Challenging Tax Returns

For most of us, taxes can be a bit of a nightmare. There is a plethora of complicated forms and challenging documents to be completed to ensure your business and its finances are in order.

Knowing your SA103S from your SA104F and the hundreds of other tax codes is near impossible, unless you are a trained bookkeeping tax accountant.

Hiring a skilled accountant is a great way of ensuring your business and its taxes are in order, they’ll assist you with paying your taxes on time, so you don’t run into any unnecessary problems or fines.

If you choose to work with our highly skilled team of accountants, we’ll guarantee that your company never makes a late payment. We’ll carefully assess your taxes and figure out exactly how much you must pay for revenue.

Eliminate Time Consuming Tasks

Having your books in order takes time and as a growing business it is something you’d rather avoid if possible. Unfortunately, paying taxes and updating your accounts is something that must be done.

Operating a small business with minimal staff can be challenging at the best of times, outside of business hours your time is usually taken up placing orders, networking, and updating your web presence, you rarely have time for anything else.

To create time for yourself, you should consider working with one of our local accountants. We take care of your taxes and bookkeeping, so you don’t have to.

Let us organise your finances, creating extra time for you, giving you more control over your schedule.

Assistance with Financial Planning

Accountants bring a lot more to your business just bookkeeping, they can handle a variety of tasks.

A well-informed accountant who has years of experience working with small businesses brings an array of different talents all designed to improve your business, these skills include:

  • Reducing Business Expenses
  • Optimise Your Revenue Stream
  • Restructuring Debt & Refining Growth Strategies
  • Handling Regulatory Burdens

If you are looking for a business accountant with plenty of experience advising small enterprises, then get in touch with one of our professionals at Barron and Co Limited.

Dealing with Different Legislation

An accountant can be highly beneficial when it comes to keeping your company on the correct side of the law.

There are numerous different legal requirements that must be followed by self-employed traders, they are regulated by a variety of legislation which can be tricky to understand.

If you’d like to know more about our small business accounting services or tax preparation services, contact us today on 0121 426 4155, or fill out our enquiry form and we’ll get straight back to you.