The benefits of hiring an accountant

From saving you time and money to giving business advice, here are 5 reasons why hiring an accountant for your small business is a good idea. Not only do they make your life easier, it is not as expensive as you may think!

Save yourself time and stress

As a small business owner, you know time is not just money. Time is one of your biggest resources and essential for your business to develop. Time is precious and it can be a struggle to find enough hours in a day to get everything done.

Bookkeeping, recording receipts, tax returns and setting/reviewing financial targets can take up a lot of your time.

Hiring an accountant for your small business not only frees up your time, but also helps reduce stress, leaving you more time to focus on growing your business and having a good work life balance.

Save yourself money

Tax returns can be complex and confusing. There are many ways to reduce your tax bill.

Accountants have the expertise to help cut your tax bill as well as free up money to be invested in your business or yourself.

As well as helping you to lower your tax bill, accountants can also look at the financial well-being of your business, such as noticing when money is being spent unnecessarily. You may not notice if your attention is focused elsewhere, so your accountant can keep an eye on it and review regular expenditure for you.

Stay up to date with government changes

The last 6 months has created ‘information overload’ for lots of businesses. There have been financial grants, new schemes, and policy changes left, right and centre. With all this in addition to the constant changes to government laws and HMRC policies, it can be hard to keep up and make sure you and your business are compliant.

Accountants are always educating themselves on the latest updates and changes, so they can advise you throughout the year and let you know what they practically mean for your business. 

They are on hand for financial advice

As a small business owner, you already have to wear a number of different hats, and finance may not be something you are confident in or that interests you.

Accountants can offer you a wealth of advice, from day-to-day queries you come across, to looking at the future strategy and how you can succeed in the long-term.

Think of it as having your own finance manager without the salary expense!

Peace of mind

Just looking at a tax return is enough to make you feel overwhelmed. There are so many boxes and numbers and it’s hard to know which bits are for you to fill out!

When you have an accountant, you don’t need to worry about filling the forms in wrong or missing anything. They will also let you know what they need from you in advance, so there are no surprise deadlines.

If you are looking for an accountant, why not get in touch to see if we are right for you! Call Ian on 01772 925230.

Alternatively, fill in the form on our Contact Us page, and we’ll get back to you.