Having an accountant is incredibly helpful for any stage of business, but for start-ups it can seem like an unwanted expense. We answer some of the most commonly asked questions about why an accountant can be a necessary expense.
Running a business can be complicated and time-consuming enough without the added burden of managing the finances. Hiring the services of an accountant and/or bookkeeper will certainly help with the administrative load.
Your accountant will have a wide range of experience beyond accounting, including payroll, bookkeeping, VAT and tax returns, and possibly some legal services.
Unless you have solid accounting experience yourself, using an accountant will also give you peace of mind. You’ll be able to focus on the work, knowing that your finances are being reported correctly.
Accountancy isn’t just about performing calculations and HMRC reporting, though that’s reassuring enough.
A good accountant will help you understand the financial health of your business, and will have the knowledge and experience to advise you on potential changes which could help you operate more efficiently.
They’ll be used to asking questions or making suggestions which really get to the heart of your business operation.
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