Whether you are just starting out, looking to grow, or you’ve got the contractor business model down to a tee, a business accountant is not something that should be put off. Business accountants like us help keep your finances in check and avoid financial difficulty through expert planning. This is why we think you can’t afford to be without a business accountant. Let us explain…
Business Accountants save you time
Good business accountants let you focus on your business, taking the burden of financial deadlines away from you. We all know that you didn’t start a business because you enjoy spending hours paying taxes.
They save you money too
Hiring a business accountant can save you money. They will be able to analyse your spend and highlight the areas in which you could be saving money. Nobody likes to waste money and you might be surprised how much you can save in certain areas, maximising your profit. If you don’t have one, accountants will also be able to put a system in place for your bookkeeping, which will allow you to see a break-down on a monthly, weekly and daily basis of where your money is being spent. HL&W are a Sage One Gold Partner and have lots of experience with Xero too, perfect to keep your records documented. It goes without saying, a business accountant will also be able to look at your books and ensure you are being as tax efficient as possible.
Although tax is going online to reduce the need of paperwork, making sure you do things at the right time is key. If you miss deadlines you’ll get a financial penalty. A good business accountant will make sure things are done correctly and on-time, avoiding you getting a penalty because you were too busy working.
More than just accountants
A good business accountant will also be able to work with you to set your business goals, help put strategies in place and make sure your business plan is solid. HL&W are experts when it comes to business and are not just about the numbers.
Help improving cash flow
Running low on money at the wrong time could be the end to your business. This can occur when you haven’t planned for cash flow properly. What happens when you owe your supplier a ton of money that you have just used to promote your brand?
A business accountant will help you manage your cash flow situation and spot potential issues before they happen. They’ll provide with a spending plan to make sure that there is enough money in the bank for your business to succeed. If your business gets into a situation where you need some quick cash, your accountant should be able to advise you on some opportunities such as loans or grants. This kind of experience will help provide you with the temporary cash flow support that your company needs to get through tricky times.
Looking for a business accountant?
If you’re a business owner, and after reading this article you have realised you need to hire an accountant, look no further.
Contact us to see how we can help you.