In this blog, I am going to talk about the five key reasons to choose an accountant to support your business. Let’s dive right in.
Tax Returns
Your accountant will take care of filing your year-end accounts with Companies House and preparing your tax return. Both of these need to be completed after your financial year-end. They require specific software, as well as knowledge of what can be included in your tax return and year-end accounts.
Advice and Support
You may have questions about what expenses you can or cannot put through your business. Having an accountant on hand means you can contact them at any time to check what is allowable. They can also provide friendly support, being in business on your own can be daunting, and having someone to talk to can be helpful.
HMRC
Many people find dealing with HMRC daunting and time-consuming and would simply prefer not to deal with them at all. Your accountant can handle HMRC on your behalf. They would need to obtain agent access, but this would save you time and reduce stress.
Time and Stress
We all know what it’s like when we have to do something we’re not comfortable with, it becomes stressful, mistakes happen, and it takes longer than it should. By outsourcing certain tasks to your accountant, you can free up time to focus on yourself and your business.
Knowledge and Expertise
Your accountant will know what can be claimed for tax purposes and what cannot, ensuring you remain compliant. Non-compliance can lead to fines and unnecessary stress. Accountants also have experience across different sectors, which could also benefit you.
Choosing an accountant to support your business can have a positive impact. Yes, there is a cost involved, but saving time and reducing stress are important factors to consider. Isn’t it better to focus your efforts on what you do best rather than risk making a mistake? If you would like some support in navigating your business finances, I am happy to chat to you in more detail to see how I can help you.
