The benefits of hiring a business accountant

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The benefits of hiring a business accountant

We all know that accountants can help with important financial tasks such as calculating tax returns, however, there are many other benefits to your business when you hire an accountant.

Whether you are starting a business and need help with forming a company or an established business looking to raise finance, a business accountant can help in many ways.

Company formation

If you are in the process of starting a business, now is the perfect time to engage the services of an accountant. A qualified accountant will be able to offer advice on the ideal legal structure and the associated tax benefits. In addition, an accountant can help you to create a detailed business plan with realistic financial projections so that you have the information you need at this important startup stage.

Reducing your workload

An experienced accountant will be able to complete tasks quickly, which may be time-consuming for those with little experience. If you are under time pressure, it can be much more efficient to pay an accountant for a few hours of work, instead of wasting your valuable time.

As a business owner, your business will suffer if you are stretched thinly, and finances are an ideal area to delegate to a professional. You will have peace of mind knowing that your financial affairs are taken care of, allowing you to focus fully on managing and growing your business.

Financial management

There are many aspects of your business’s finances which an accountant can assist with, aside from your annual tax return. For example, an accountant can manage your payroll, assist with loan applications, prepare compliance documents, submit annual account statements, and maintain directors’ records. This will ensure your business stays up to date with the relevant laws and is always ready for potential auditing.

Most start-ups and small businesses cannot stretch to hiring an in-house accountant, however here at SQK Accountancy, we offer flexible accountancy services to businesses within Manchester and the surrounding areas. Whether you are a startup looking for small business support, a freelancer interested in cloud accounting or an established business looking for payroll management, we can help. To find out more, please contact our experienced team today.

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