WHY DO I NEED AN ACCOUNTANT AT ALL? After all, many people create their own accounts and file their own tax returns. However, they are not always right and they will not necessarily know this until some time later when HMRC investigate their accounts, often with large backdated tax bills as a consequence! So for all small businesses, here are six good reasons why you should enlist the services of an accountant;
As a small business with negligible employee costs, no high street premises to maintain and no VAT to charge, all these cost savings can be passed on through competitive prices for you. High street accountants generally provide an excellent service, however at a cost!
Expert knowledge - an accountant knows what you can and what you can't claim as legitimate expenses, and how to maximise your capital and tax allowances.
It can save you money - an accountant will help you minimise your tax bill legitimately.
It can save you time - most small businessmen and women are excellent at their job, but don't enjoy the paperwork that goes with it - resulting in a disproportionate amount of time being spent doing the paperwork that you don't like in the first place! By delegating this to an accountant, this frees up valuable time for you to do the thing you do best - run and grow your business.
A point of contact with HMRC - accountants are accustomed to dealing with HMRC - they know the forms, the processes and the paperwork, and can save you the time and frustration of having to deal with this yourself.
Accountancy fees are tax deductible!
WHICH PAYMENT METHODS DO YOU ACCEPT? We accept electronic bank transfer and cheque payments.
DO YOU HAVE PROFESSIONAL INDEMNITY COVER? We are fully insured and professional indemnity cover is provided by Hiscox Underwriting Ltd.
DO WE NEED TO VISIT YOU, OR CAN WE DEAL OVER THE INTERNET? One of the great advantages of this millennium is that you do not necessarily need an accountant physically near to you - you can simply choose one that offers the best value or one who suits your needs best. Therefore dealing by phone or email is perfectly acceptable. However, if your accountancy or tax requirements are complex or ongoing, it is usually preferable to work with an accountant in your vicinity, as nothing quite substitutes face to face communication.
HOW IS MY PERSONAL INFORMATION HANDLED? We confirm that we will comply with the latest provisions The EU's General Data Protection Regulation (GDPR), when processing personal data about you.