Why an accountant is a business necessity
13/11/2019 - MJB Avanti
Victoria Sharp, MD of The Avanti Group (UK) Ltd explains why businesses should not view accountants as a luxury, but instead a necessity.
Are you tired of squeezing your bookwork into hours that you don’t really have? Does HMRC legislation lead to more confusion than clarification? If this sounds like you, it could be useful to read on.
The role of an accountant has changed in recent years, and for the team at Avanti, it is about providing businesses and individuals with the support, expertise and jargon-free advice that they really need. There is little room in today’s crowded marketplace for accountants who just crunch the numbers.
This shift in the conventional role of an accountant means that they are no longer a luxury, and have instead become a business necessity, often cited as one of the first priorities for a start-up.
Failing to appoint a professional can lead to;
- Increased workload
- Decreased cashflow
- Incorrect returns being filed with HMRC
- Errors in your bookwork
- Late submissions to HMRC
- Incorrect financial information
It might seem like a large financial saving taking on the burdens yourself, or asking a friend who can do your books to do you a favour, but by appointing a professional you could see a return on your investment.
Not only will you claw back your time to put your energy into your business, you will also be safe in the knowledge that your accountant can;
- Advice on relevant tax breaks
- Claim the correct expenses
- File on time – no more missed deadlines
- Fix errors in previous work and your books will be correct moving forward
- Improve your cashflow
- Increase your profitability
Victoria adds, “Appointing an accountant or bookkeeper will ensure that you have a true picture of your business, you’ll be aware of short-term cashflow, long-term profitability and how the two combine to help you make business decisions that will drive growth. Don’t let your bookwork detract from the role you have within your business, instead give us a call to see how we can add value to your business”
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