The importance of using an accountant

When starting a business there are a huge number of things to take into consideration from staffing and premises to marketing and advertising, but for everyone the ultimate goal is to make a living from it. The world, especially the business world, revolves around money and in today’s competitive and uncertain business environment there are many things which can affect performance and ultimately affect your business. Most of us will have some knowledge of accounting and keeping track of money but the skills of an accountant are vast and they play a vital role in the commercial success of businesses. This is a reason why many businesses fail due to poor planning and bad financial management.

A lot of smaller businesses shy away from using a chartered accountant because they wrongly assume that it will cost them far too much money and the costs will outweigh the benefits, but this is not the case. Here are some reasons why you should use a chartered accountant:

Save you money in the long run
While a chartered accountant might cost you more to begin with in the long run you’re likely to save money in the long run. Some accountants will do little more than manage your accounts and complete the relevant tax return forms for you while a good accountant is more proactive. A chartered accountant will have knowledge about the different areas of business, what proportion of your operating costs can be offset against tax, the implications of doing this etc. A chartered accountant will save you money in legal ways without causing risks to your business.

Increased credibility
Many third parties such as your bank, the HMRC, clients and existing and prospective suppliers will rely heavily on the financial picture of your company which is portrayed through your figures. If your accounts have been signed off by a professional, recognised chartered accountant then this bestows a huge amount of credibility on the accounts validity and therefore your business.

Peace of mind
Nothing is more worrying than hiring a so called professional but then worrying about the level of their work. With accounting you don’t want to worry that the taxman is going to come knocking on your door or that you’ll be sued for errors in your accounts. By having your accounts and taxes handled by a chartered accountant with years of training and exams behind them will give you peace of mind. In the rare case of an issue all chartered accountants like for example Brentwood Accountants have to maintain indemnity insurance.

A vast pool of expertise
When a small business starts chances are they’ll choose an accountant who is cheap, but they might not have the credentials or practice that your business needs. By choosing a chartered accountant you’ll know that they have such a wealth of knowledge or expertise that they can tackle any problem. This can be incredibly useful if you begin to trade internationally or have a tricky tax issue to sort out.

Helping with long term organisation
By hiring the right chartered accountant you’ll have easy access to your files which will be laid out in a simply and easy way to ensure that your finances and payroll are organised in a fashion which will help you in the future. By keeping good organization you’ll be able to flick through and find any information you may need going forward.

12 Responses to The importance of using an accountant

  • winter white dress and boots says:

    If somebody is getting-together in a dress parties, enhance your self-assurance by leaping into single.
    Now, the more fashionable and also genuine Halloween toddler costume is motivated with the Hollywood star or else with famed political
    citizens. There are so many varieties available online and at very affordable prices, there’s a skater dress out there to suit every budget.
    Rufus immediately finds another elk’s trail, and
    this time it’s Jack’s turn to take one down.
    This year, the campaign is really emphasizing the face that EVERY woman has a role to play
    and a story to share in the fight against heart disease.
    And now Santa costume move towards in the conventional red and white however they comes
    in pink color also. This article provides some useful tips on buying plus size wedding dresses.

  • infant easter dress and bonnet says:

    Judaism gave birth to Christianity and Christianity gave birth to
    Islam. Putting on “Sunday best” was the outward manifestation of the inner conviction that God deserved our best in everything.
    However, I am sure that finally you will buy a ball for yourself.
    An elegant sleeveless pink gives a fresh and refreshing to any Easter
    celebration. Since we were little girls, the Easter dress was something that
    we searched for and wore on that Sunday with such pride
    and power. Graceful dresses and skirts call for equally graceful shoes.
    Check out the next section for all your ghostly fonts and tips.

  • Skin Refresh says:

    Good post. I learn something totally new and challenging on blogs I stumbleupon everyday.
    It’s always exciting to read content from other writers and use
    a little something from their web sites.

  • DermaGlo says:

    What’s up friends, how is the whole thing, and what you
    wish for to say about this post, in my view its really amazing for

  • Pingback: Google

  • sua nghe gold says:

    Link exchange is nothing else except it is simply placing the other person’s weblog link on your
    page at suitable place and other person will also do similar for you.

  • Lauren says:

    Hi, this weekend is good in favor of me, for the reason that this
    time i am reading this impressive educational post here at my house.

    My page … find this (

  • home insurance rates says:
  • AmyPep says:
  • Florida says:

    This post presents clear idea for the new users of blogging, that in fact how to
    do running a blog.

    My site – Jeremy Knauff

  • AmyPep says:
  • LisaPep says:

Leave a Reply to Skin Refresh Cancel reply

Your email address will not be published. Required fields are marked *