08 Sep How exactly can an accountant help me?
The traditional perception of an accountant is that they work with companies and individuals to ensure tax returns are filed on time and accurately. Perhaps, if you’ve watched too many films, you may also regard accountants as people that have eternally growing piles of unordered papers stacked atop their desk.
However, accountants do far more than just find tax loopholes and ensure deadlines are met. They can do both of those things, of course, though number-crunching is only a minor part of an accountant’s daily routine.
Accountants are adept at meeting with, interviewing and better understanding their clients, for example. Not only do they wish to be better informed about the individuals they are dealing with, but they will also meet with their clients so that they can provide updates on a client’s financial status and also offer progress reports and detailed analysis of what financial hurdles the client may encounter in the future.
If you are an entrepreneur or aspiring company owner, then an accountant can be an invaluable resource. Approximately 600,000 new businesses were launched in the UK in 2015 alone, and many set out on their journey without firm financial knowledge behind them. When you consider that – according to Bloomberg – 8 out of 10 entrepreneurs who start a business fail within the first year and a half, you quickly realise that it has never been more important for business owners to be financially astute.
Many accountants can also negotiate terms when it comes to business deals. The procedures that are involved when it comes to purchasing or selling a business are often complicated and rarely free of stress. Because of the various associated complexities, it is essential that all dealings are carried out with the assistance of an expert, and most accountants can be of great support and help throughout the process.
These are, however, just a few of the things that an accountant can assist with. If you want to learn more about how an SQK accountant can help your business succeed and prosper in the years to come, do not hesitate to get in touch. We’re always here to help.