02 Mar Three reasons why your start-up business needs an accountant
So you have written your business plan and you’ve developed your brand and marketing campaign, but what about your finances?
Many start-up businesses try to manage their own accounts when starting out, only seeking advice when it gets too complicated, or when their first tax return is due. Here are three reasons why you should outsource your accountancy from the get-go.
Help with company formation
Business accounting can be a complex road to navigate for the uninitiated. Accountants like ourselves specialise in all-inclusive accounting packages for small businesses, so whether you are a sole trader or a limited company, we have the knowledge and experience to make sure you get set up properly. What’s more, we can help submit annual account statements, prepare compliance documents and maintain directors’ records, ensuring your business is audit-ready and up-to-date.
Establish good accounting habits
In addition to your annual tax return, there are many ways in which an accountant can assist with your business finances; from payroll to purchase ledgers, they will provide you with the best tools to help run your business efficiently. At SQK Accountancy, use cloud accounting, so your sales and purchase data flow straight from your bank to your books without the need for hours of admin; you can see your current financial position at any time, and so can we.
Save you time (and money)
If you don’t have accounting knowledge, then rather than wasting your time learning, it may be more cost-effective to engage with an experienced accountant, leaving you to get on with running your business. As well as managing your everyday bookkeeping, your accountant can not only help you cut the odd cost here and there but also recommend long-term adjustments that will save you money.
SQK Accountancy has been helping small businesses in Manchester since 2015, taking pride in being a young, modern, and approachable firm. Get in touch today and find out how we could help you.