11 May Outsourcing your accounts: 3 reasons all small businesses should do it
Any small business owner is always looking for ways to grow, work more efficiently and make their life easier.
One of the best ways to achieve this is by outsourcing certain key tasks. This basically sees you pay a professional, external company to carry out work for you. By doing this, you are getting the work done to a high level but do not have to actually take care of it yourself. There are many areas in business where outsourcing is used but accounting is one of the most popular.
But why should all small businesses think about doing this?
More time to focus on core work
The first reason to think about outsourcing your business accounts is the amount of time it saves you. This is valuable time you get back to spend growing your business and connecting with customers. It also means you stand more chance of getting through your to-do list each day, as you have less on your plate. Less work also means you will feel less stressed and not be rushing about as much. None of this is true if you try to handle bookkeeping, payroll, tax returns, etc, in-house.
Reduces the chances of costly mistakes
One thing which stops some business owners from outsourcing to professional accountants is the cost. While there will be a cost involved, you should actually find outsourcing saves you money. It will, for example, free you up to generate more leads, make more sales and complete more jobs. It will also see the chances of costly mistakes made on tax returns or payroll runs reduced. As a professional accountant has the time and expertise needed to get it right the first time, they can help you avoid expensive mistakes.
No need to keep up with HMRC changes
Anyone who has dealt with small business accounting knows that HMRC likes to change their rules and regulations frequently. If you do not pick up on them, you could be working to the wrong criteria, which is a disaster. The issue for a lot of business owners is that they do not have the time to stay on top of ever-changing HMRC rules. Outsourcing eliminates this problem because professional accountants do have the time. They also have the in-depth knowledge to interpret any new changes correctly.
Small business accounting in Manchester
Here at SQK Accountancy, we offer expert small business accounting services to businesses in Manchester. By letting us take care of your business accounting needs, you get more time to grow your company and can forget about the hassles looking after business accounts can bring. Get in touch with us on 0161 706 0444 today for a chat.