Accounting is a difficult task. Millions of self-employed people are aware of this. Every ‘end of year’ brings a tremendous amount of stress, and we begin scraping receipts and documents together to complete our tax returns as work piles up. Being self-employed or the owner of a small company may make hiring an accountant feel like a step backward, but the fact is that there are plenty of accounting companies out there willing to take on as much – or as little – of your responsibilities as you want. Here are some compelling reasons to seek the advice of a chartered accountant that you may not have considered:
Flexibility – These days, you can hire an accountant to assist you with everything from the simplest to the largest of tasks. If you’re on a limited budget and don’t want to pay too much, there’s a high possibility that a service will still be available to you. Chartered accountants can provide a specialised service that is customised to your company’s requirements. You may want them to simply look at your compliance level or tax filings one year, and then manage the ‘back of house’ part of your company efficiently the following. Consider your alternatives before dismissing the idea of hiring an accountant.
More than just clip boards and calculators – Accountants aren’t simply there to crunch numbers with clip boards and calculators. Well, some of them are if that’s all you need, but the majority of excellent accounting companies will provide a service that goes well beyond handling numbers. They can help you strategize, analyse data, and make critical decisions. They can provide you advice on where your company is going and can frequently predict issues before they become serious. Having an accountant on your payroll is a great tool and safety net for ensuring that your company remains strong and healthy and that you make all of the necessary decisions to maintain it that way.
Scheduling and organisation – Staying on track, especially when you’re self-employed, may be very tough. It’s not simple to keep track of everything, whether you’re filing tax returns, paying workers, settling bills, or pursuing debtors. An accountant can help you not just with financial guidance and number crunching, but also as a company backbone, reminding you of key milestones and events that you would otherwise overlook.
