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You can Account me in!

by emma smith

posted in Business : Accounting

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One question that many business owners ask themselves is do I really need and accountant?...What can they do that I can't? Well the answer is actually quite a lot!! Even if you are someone who is blessed with the skill set required to manage accounts and understand Tax law and requirements fully then you still need to ask your self do you have time? That answer is usually no! 

Many small businesses and more and more lately individuals, just simply do not have the time to ensure that something as important as Accountancy is done correctly as there are hefty penalties for and errors which may also be perceived as deliberate! 
What can an accountant do for me? Well if you are a new, start up business your accountant will often take on the additional function of business advisor, being able to give advice on your business plan and the tax rukles governing starting a new business. Many accountants offer a bookeeping and payroll services and will able to guide you through the VAT and PAYE mindfield!
A good accountant will be able to help you with projhjections for cash flow and budgeting also to be able to secure the lowest risk, best and most suitable finance to protect your home and business investments if and when you require it.
Not only is an accountant experienced in his oen field of expertise he often has a lot of practical knowledge of other businesses that he has worked with and along with that a list of contacts which could be of great benefit to you.
An accountant will also know how to minimise that amount of tax you pay with in the strict parameters of the law and help you to avoid errors that may otherwise irreparably damage a business.
Where should my accountant be? With the ease of contact of the last few years with skype, facetime and super fast transfers it is no longer necessary to be right on your accountants doorstep although some people find this a comfort the thought of their money being dealt with 'just down the road' either way you could find a suitable accountant with an easy google search if, for example, you lived in St Albans you could try "accountant hemel hempstead" or "payroll hertfordshire" to find a list of local accountants or ones that work within your area then have a look at reviews. Word of mouth means a lot!

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