01 Nov Why thinking big means assisting the small
The world of accounting is full of stereotypes – most of them outdated and redundant – that give a false impression of what accountants do and where they can add value to companies. The films and TV shows would have us believe that accountants are generally focused only on helping big businesses get bigger; of course, that’s far from accurate.
In fact, an accountant’s job is almost the complete opposite – the vast majority of their time is spent liaising with, and adding value to, small business owners. SMEs are the backbone of the UK; they make up 99 per cent of all UK businesses and employ the vast majority of working adults. They are vital to the economy, and so ensuring they operate effectively is essential.
But, while they are experts at offering a particular service or product, small business owners are generally not experts when it comes to understanding how best to manage money. They may have a solid grasp of how to keep the business steady on a day-to-day basis, but anything more than that can often be a struggle. This is, of course, entirely understandable; why should they be adept at doing anything other than the particular field in which they have chosen to specialise?
Looking at the bigger picture
One of the primary reasons that small businesses fail is because business owners spread themselves too thin. They want to do everything themselves in a bid to save money, but of course, this is not sustainable. At some point in a business’ life help will be needed, and when it comes to finances, help is in fact essential. When every penny counts, filing incorrect accounts can be the difference between a company staying afloat and floundering.
Of course, what this means is that small businesses require assistance from accountants that can perform tasks quickly, efficiently and accurately, all for a competitive price that will help, rather than hinder, the ambitions of small business owners. And that’s exactly where we come in.
Staying on the right side of the law
We have chosen to focus on helping the UK’s small businesses by offering all-inclusive packages that are reliable and help them run smoothly. We have years of expertise, so we understand how to do what’s right for the UK’s SMEs.
Whether they focus on complying with legal regulations, or simply ensuring all accounts are submitted on time, accountants have all the necessary knowledge and expertise to ensure deadlines are hit and fines are avoided.
To learn more, get in touch with us today.