You might think that a start-up or small business isn’t big
enough to warrant an accountant.
But unless you’re an expert in tax and finance – or in short,
an accountant yourself – this simply isn’t the case. An accountant provides
your business with a great deal of essential support.
If you are just starting a business, your accountant will
take the form of another business adviser. They will be able to give advice on
your business plan and the tax issues of registering a new business.
Some accountants offer book-keeping services, but if they
don’t or if you wish to handle this yourself, you can get help with setting up
manual or computerised book-keeping systems. And most importantly, you need an
accountant to assist on things like whether it is necessary to register for VAT
or PAYE and the procedures involved.
As your business grows
An accountant isn’t just there to help you manage your
money. Whether you are starting up or a growing business, they can advise you
on the best way to arrange additional finance without putting your business at
risk.
Once you have the finance in place there needs to be some
control to ensure growth of your business is handled in the right way. Many of
your concerns will be financial – adequate working capital, good stock control,
invoicing and so on – an experienced accountant’s advice will be invaluable in
such matters.
And can you honestly say that you are on top of all the
essential business tax issues? Well probably not – but that’s an accountant’s
job. Taxation is a large business expense and an accountant can effectively
minimise these costs.
Finding a competitive professional chartered accountant
Omni Chartered Accountants, Wolverhampton, offer a highly competitive
and professional service to clients across the UK. We pride ourselves in giving
advice on a one-to-one basis and we are very happy to provide you with a free
initial consultation – you can request a free of charge call back from our
website or call 01902 837 408 – alternatively, click here
to contact us online and we will come straight back to you!
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