Your Business With James Caan 2017 - 26
Is my business ready
for an accountant?
Running your business is tough enough without having to learn all the
accounting and tax rules, regulations and laws you need to comply with
ou might think that a start-up
business isn't big enough to
warrant an accountant. But
unless you're an expert in tax and
finance, this simply isn't the case.
An accountant provides your business
with a great deal of essential support
and advice that will steer you through
that tough first year and beyond.
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.
A good accountant will help you set up
a bookkeeping system to keep track of your
invoices and your receipts. This could range
from an Excel spreadsheet to a cloud-based
online accounts system.
Most importantly, you may need an
accountant to assist on whether it is necessary
to register for VAT or PAYE, and the procedures
involved. You can also seek help with budgeting
and forecasting cashflow from an accountant, as
well as credit control to ensure your customers
pay you within the terms of your invoicing.
Managing your business growth
Whether you are starting up or growing your
business, an accountant can advise you on
the best way to arrange additional finance
without putting your business at risk.
The team enjoys
their tax affairs in
order, so that they can
do what they do best
- run their business!
Once you have your start-up loan 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 - and an accountant's
advice will be invaluable in such matters.
Taxation is a large business expense and an
accountant can effectively minimise these costs.
More importantly, a good accountant will help
you plan to put aside any possible tax so a big
tax bill doesn't arrive out of the blue, putting
your business at risk.
At TaxAssist Accountants, the team enjoys
helping new businesses get their tax affairs and
records in order so they can do what they do
best - run their business! The company offers a
free meeting to discuss your business needs at
any one of its 250 offices across the UK.
TaxAssist Accountants can provide you with
a no-obligation quote and also offers flexible
monthly payment options to help with cashflow.
M O R E I N F O R M AT I O N
Contact us today on 0800 052 3555 or
to see how we can help you