Why Hire An Accountant?
Accountants belong to professional bodies and are therefore regulated to maintain the highest ethical standards. The accountant will have studied hard and gained the necessary qualifications to become either a Chartered Accountant or Certified Chartered Accountant.
They are responsible for the accounts and can be held liable for professional negligence if they do not reflect an accurate and honest representation of the true financial position of the company. Accountants have an ongoing obligation to their ethical practice guidelines, are regulated by their governing body and keep their knowledge and professional development up to date.
A good accountant is going to be an asset to a company, a self-employed individual such as a sole trader or partnership or just about anyone who needs to submit an online self-assessment tax return. Accountants can also help with a wide range of things, including rental property accounts.
Often companies try to keep their overheads to a minimum, which makes good business sense, but when it comes to your company accounts, this can be a false economy. With the intricacies of the UK tax system being so finely balanced, it is difficult to try and legally reduce your tax bill without unknowingly doing something wrong. This is where a good accountant can make sure that you are completely compliant and don’t fall foul of HMRC.
In addition to ensuring your accounting records are fit for purpose, an accountant will also be able to help and advise you regarding your finances to help with the future growth of your business. At Dyer & Co we help many firms throughout the south of England, including London, Kent, Sidcup & more keeping their accounts in order and advising on how best to grow their business.
So, whether you are in Catford or Croydon, a great accountant can save you time, tax and effort, leaving you free to do what you should be doing, which is focusing on your business and looking for growth opportunities.
For a start-up company an accountant can prove particularly valuable as they can help with planning and how your business needs to be set up. Remember, accountants would have dealt with hundreds of clients who have been through exactly what you are experiencing, so they really will be a mine of information and ideas and well placed to give you the direction you need.
An accountant should not be viewed as a cost but as an investment in your business. To find out more about how hiring an accountant can add value to your business, please contact us now.