If you plan on starting a small business, you probably want to do everything yourself to save as much money as possible.
Consider however how long it will take you to complete a tax return and stay up to date with the latest legislation. With this being the accountant’s area of expertise and passion, the hours involved will be significantly reduced.
An accountant can ensure you set up everything correctly in preparation for the launch of your business.
An accountant can help you file all the necessary tax forms, give you tax advice and help you come up with a solid business plan.
A consultation with an accredited accountant could save you hundreds in fines and interest from improperly filed paperwork.
Allows you to focus on what you do best – running your business
When you have an expert focusing on your accounting and financial needs, you can take the time that you would have spent struggling on an area you don’t excel in and put it to good use on growing and tending to your businesses. Having an accountant ultimately helps you continue to run things smoothly and avoid any major financial crises.
However, don't scrimp on the hiring of an accredited accountant.
Verify that the accountant is registered with an accredited professional accounting body.
Membership with a professional accounting body means the following:
- High standard of education, which involves a degree, training contract and post graduate board exam.
- The accountant is held to a professional code of conduct
- Continued education requirements
- Access to technical guidance
Having a reliable personal accountant can benefit your business in multiple ways. If you are considering hiring an accountant or are looking to talk to someone about what your options are when it comes to someone else handling your financial needs, feel free to contact us. Together, we can invest to make your financial future secure.